What is a Sale Deed?
Now that you’ve found the place you want to buy or found a buyer for your property, you need an agreement prepared. There is no underestimating this document, given the large sums involved in property deals. The agreement between you and the other party should cover comprehensively the terms on which the sale will take place, the conditions, and the date on which the sale will be completed. Sale Deed is the document that would be executed once final possession is given.
Advantages of a Sale Deed
The deed protect the rights of both the buyer and the seller. A specific, well-drafted deed will avoid ambiguity and minimise legal risks.
Defines the Area
For the buyer, a key advantage is having on paper a well-defined description of the property that is being purchased, including the square footage and the location.