What is the difference between sale deed and
conveyance deed?

Conveyance deed is a broader term that includes any property ownership transfer in the form of a gift, mortgage, lease, exchange, etc. in favor of the buyer. A legal document to transfer ownership through property sale is called a sale deed. All sale deeds are conveyance deeds, but not all conveyance deeds are sale deeds. All deeds that are used to transfer property rights are conveyance deeds, and the sale deed is one among them.

What should be there in a conveyance deed?

Conveyance deed should have the following:

Defined boundaries of the property

Power of attorney (if any)

Chain of title that includes all legal rights to the present seller

The details on how the property will be handed over to the buyer

A memo stating how property ownership has been received

Signatures of both parties that implies the buyer and seller

Other terms and conditions that are concerned with the property transfer

Things to check before executing a conveyance deed

The seller must clarify that the property is free from any legal encumbrance.

In the case of mortgage property, the mortgage must be cleared before the deed is signed. Buyers can check these details at a local sub-registrar’s office.

The conveyance deed must include the exact possession date on which the property will be handed to the buyer.

Within four months of the execution of the deed, all the original property documents should be submitted to the local sub-registrar for registration.

At the time of registration, the conveyance deed has to be signed by at least two witnesses.

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