![]() It is likely to save you from other kinds of fraudulent claims and activities.Īs mentioned in the article, the conveyance deed is legal documentation of the transfer of authority and ownership of a buyer. The implication of the conveyance of property document is paramount due to the legal technicalities. The purpose of a conveyance deed or a sales deed is to legally document that the seller of a property has transferred all the authority and the ownership regarding a property to the buyer. See also: All about EC Telangana What is the purpose of a conveyance deed? The landlord is the owner of the structure, the common areas of the building and the land it is built upon.ĭeed of conveyance subject to mortgage: In this case, subject to the said mortgage the purchaser can, from time to time, enter into and possess or enjoy the land in question and its premises. The conveyance deed is given to the owner as a final document.ĭeed of conveyance of leasehold property: The leasehold ownership of a property means the owner has the right to everything within the four walls of the property but it does not include the external or structural walls. There are three types of conveyance deeds:ĭeed of conveyance of freehold property: A property can be converted into freehold status by the concerned authority, such as the Delhi Development Authority (DDA) or any state authority. See also: All about GST on flat Types of conveyance deeds The deed of conveyance is required to be signed by at least two witnesses.Within four months of the execution of the deed of conveyance, all the original documents related to the sale of the property, need to be produced for registration before the local registrar.The conveyance deed should state the exact date on which the property will be handed over to the buyer. ![]() Buyers have the option of having the conveyance deed checked at the local sub-registrar’s office.
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