Difference between Sale Deed and Sale Agreement

Key difference: Sale Deed and Sale Agreement are two documents that are commonly used in the process of purchasing or selling property. Basically, a Sale Agreement just states the terms and conditions of the sale, as agreed by the two parties. The Sale Deed, on the other hand, states that the deal has been finalized and that the property has been handed over by the seller to the buyer.

Sale Deed and Sale Agreement are two documents that are commonly used in the process of purchasing or selling property. In the course of a single buy-sell transaction, both documents must be made and signed by the buyer and seller. It would also be recommended that the sale deed and sale agreement be registered. However, the actual guidelines regarding the Sale Deed and the Sale Agreement may differ from country to country and even from state to state.

In the base of the matter, a Sale Agreement is an agreement between two parties about the conditions and terms of sale. It also lists the agreed amount as remuneration for the sale, as well as the mode of payment. It must be signed by both parties.

However, a Sale Agreement does not create any interest or title over the property for the buyer. In order to do that, a Sale Deed must be signed and registered. A Sale Deed is usually signed and entered into after the Sale Agreement.

The Sale Deed is an executed contract. It establishes a valid and lawful title over the property in favor of the purchaser. It is signed after the sale has taken place. It transfers the property to the buyer. The Sale Deed is the document that states that the sale is successful and that the property now legally and rightfully belongs to the purchaser, and that the seller forfeits any right of title to the property in return for the remuneration as agreed upon in the Sale Agreement.

Basically, a Sale Agreement just states the terms and conditions of the sale, as agreed by the two parties. The Sale Deed, on the other hand, states that the deal has been finalized and that the property has been handed over by the seller to the buyer.

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Comments

As the Sale Agreement just states the terms and conditions of the sale, as agreed by the two parties & Sale Deed, states that the deal has been finalized and that the property has been handed over by the seller to the buyer. After both parties agree and sign the Sales Agreement, is it required to Register the Sales Agreement? If Yes, then what are the possible risk factors involved?

I want to know as well, can anyone tell please urgently?

Hi, I am planning to buy a property for there is a already a sale agreement with third person, and that third person is willing to sell it to me on certain price. What would be the procedure to go ahead. Regards, Raghav

I am a purchaser of a property & My Agreement for Sale is Registered with Full Stamp Duty while it was under construction showing the Possession Not Occupied.
Is It required to be converted into Sale Deed. WHY??

Yes compulsory sale deed is required

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