Sale Deed/Deed Of Assignment

A Sale Deed and a Deed of Assignment are both legal documents used in property transactions, but they serve different purposes and are used in different contexts. Understanding the distinctions between these documents and their respective benefits is important for anyone involved in property transactions.

A Sale Deed is a legal document that records the transfer of ownership of a property from the seller to the buyer. It is executed after all the terms and conditions of the sale agreement are fulfilled and the full payment is made.

Benefits :

  • Legal Proof of Ownership: Serves as legal evidence of the buyer’s ownership of the property.
  • Clear Title: Ensures that the property has a clear title, free from encumbrances and disputes.
  • Legal Protection: Provides legal protection to both parties in case of future disputes related to ownership or property rights.
  • Rights and Liabilities: Clearly outlines the rights and liabilities of both parties, ensuring transparency in the transaction.
  • Property Tax and Municipal Records: Helps update property tax and municipal records, ensuring the buyer's name is recorded as the property owner.

Sale Deed/Deed Of Assignment