SALE DEED - A legal instrument that is executed between the seller and the purchaser which evidences the sale and transfer of ownership of immovable property is a sales deed. It is compulsory to register a sales deed as per Section 17 of the Registration Act,1908. An agreement to sell is an important document in the process of sale and purchase of a property.
It is an important document as it contains the details of how the seller acquired the property, like the date of transaction, amount of consideration, etc. It acts as an essential document especially for the purchaser as it establishes the proof of ownership of the property.
There is a proper process to be followed for registration of Sale Deed wherein land/immovable property is prepared by proper documentation, paying stamp fee accordingly, and getting it registered in the presence of witnesses, etc.
Points to be mentioned on the Sale Deed –
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AGREEMENT TO SELL –
An agreement to sell is an important document for any transaction related to the selling of property. The parties need to understand, obey, and clear the concepts regarding all terms and conditions which have to be included in an agreement of sale. It is a contractual property agreement between the buyer and the seller to sell a particular property on the terms and conditions as agreed by both parties.
An Agreement to Sell includes:
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For any query regarding the drafting of an agreement to sell, sale deed, or on a broader perspective any property related issues please contact https://sabkuchlegal.com/contact-us. Sabkuch Legal is a one-stop solution for all or any legal issue without the hassle of visiting the lawyer's office.