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The sale deed would protect the rights of both the buyer and the seller.
A specific, well-drafted deed will avoid ambiguity and minimise legal risks.
A seller may cancel a contract for deed with relative ease if a buyer defaults.
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A Sale Deed, also called a “conveyance” which transfers the immovable property, be it land or a house, or any other premise to another person. It is one of the most valuable documents in a purchase or sale of a property. It is governed by the Registration Act.
A Sale Deed contains all the relevant details required to carry out purchase or sale of the property.
The Sale deed is to be registered at the jurisdictional Sub-Registrar’s office. Apart from the parties, the witnesses should also be present there on the date of registration. However, in the case of absence of party(seller and buyer) parties can send their nominated agent empowered with the Power of Attorney to execute the sale deed.
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