11/13/2022 0 Comments Title conveyanceYou must ask for a copy of the conveyance deed when you go to buy a property. Presence of this document will save you from fraudulent activities. Published:Aug 22, 2022, 15:09 What is the use of Conveyance Deed?Īs we discussed, that conveyance deed is a legal document which is used for the purpose of buying and selling a property. At the time of registration, the conveyance deed has to be signed by at least two witnesses.Within four months of the execution of the deed, all the original property documents should be submitted at the local sub-registrar for registration.The conveyance deed must include the exact possession date on which the property will be handed to the buyer.Buyers can check these details at a local sub-registrar’s office. In the case of mortgage property, the mortgage must be cleared before the deed is signed. #Title conveyance freeThe seller must clarify that the property is free from any legal encumbrance.Things to check before executing a conveyance deed.Other terms and conditions that are concerned with the property transfer.Signatures of both parties that implies the buyer and seller.A memo stating how property ownership has been received.The details on how the property will be handed over to the buyer.Chain of title that includes all legal rights to the present seller.What should be there in a conveyance deed?Ĭonveyance deed should have the following: All deeds that are used to transfer property rights are conveyance deed, and sale deed is one among them. All sale deeds are conveyance deeds, but not all conveyance deeds are sale deeds. A legal document to transfer ownership through property sale is called a sale deed. What is the difference between sale deed and conveyance deed?Ĭonveyance deed is a broader term that includes any property ownership transfer in the form of a gift, mortgage, lease, exchange, etc. A gift deed, mortgage deed, lease deed or sale deed can also be called a conveyance deed. Conveyance Deed MeaningĬonveyance deed is a legal document that is used to transfer the title of property from one person to another as a gift, an exchange, a lease, a mortgage, etc. Conveyance is transferring property rights to another person whereas deed is a written document. Today, we have covered everything about one such document- conveyance deed. You may be aware about few documents whereas few terms you may hear for the first time. When you buy or sell a property there are various documents that are required.
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