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A conveyance deed, commonly known as a sale deed. It is a legally enforceable document that enables the transfer of property ownership from the seller to the buyer. This document carries great significance in property transactions as it delineates the terms and conditions mutually agreed upon by both parties. The sale deed is executed once the buyer and seller have reached a consensus on the sale price and other pertinent terms.
A settlement agreement, is a formal document that outlines the terms of a resolution between conflicting parties. It is applicable in different situations like divorce, inheritance, and property disputes. This legally binding deed helps in determining the fair distribution of assets and debts among the parties involved. Furthermore, it can be used to establish more favorable terms than those resulting from a contract violation.
A release deed, is a legal instrument that facilitates the transfer of property rights from one co-owner to another. It serves various purposes such as terminating a personal guarantee, ending a loan agreement, resolving a commercial dispute, and relinquishing an individual's claim to a property.
A gift deed is a formal legal instrument that enables a property owner to transfer ownership of their property to another individual without any financial transaction taking place. The individual making the gift is known as the donor, while the recipient is referred to as the donee. Gift deeds are commonly utilized to bestow real estate, money, or other significant assets to loved ones, acquaintances, or other parties.
A partition Deed is an official document that legally separates a property among several individuals, specifying the terms and conditions for the division, and allocating ownership stakes to each co- owner. This paperwork is frequently used by families when dividing inherited properties.