CONVEYANCE DEED

What is a Conveyance Deed?

A conveyance deed is an essential document required for the purchase of a property. We explain its importance and what a home buyer should look out for, when signing the document

‘Conveyance’ refers to the act of transferring the title, ownership, rights and interests in a property, from one entity to another. The term ‘deed’ refers to an instrument, like a written document that is signed by all the parties to a contract, in this case, the seller and buyer. It is a binding contract that is enforceable in a court of law. A conveyance deed is, therefore, a contract in which, the seller transfers all rights to legally own and keep a property. The purchase of a property is not complete without a valid conveyance deed.

It is important to note the difference between an agreement for sale and a sale/conveyance deed. An agreement for sale contains a promise to transfer a property in question in future, on satisfaction of certain terms and conditions. An agreement for sale does not, in itself, create any interest in or charge on a property. Therefore, the sale of a property is not complete without a conveyance deed.

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  • Housing Society ReGSR
  • Conveyance Deed
  • Housing Society Audits
  • Internal Audits of Patsntha
  • Co-Op Patsanstha Audits
  • Accounting Services for Housing
  • Issuing of Shares Certificate
  • Maintaining of "j" and "I" Register

A valid conveyance deed must contain the following:

  • The actual demarcation of the property.
  • Other rights annexed to the property and its use.
  • The full chain of titles, that is, all legal rights up until the present seller.
  • The method of delivery of the property to the buyer.
  • A memo of the consideration, stating how it has been received.
  • Any further applicable terms and conditions for the full transfer of ownership rights.

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