What is conveyance deed?
When buying a house, you must have come across the term Conveyance Deed. The deed comprises several elements which bind it legally before the law and serves as proof in case of any future conflict. But do you know what it means and why it is important in real estate? Key of Dream answers the questions. In the wake of an increasing number of fraudulent confiscations and property transfers reported in the past, it is essential to have a conveyance deed that lawfully safeguards your rights. But before we define a conveyance deed, let us understand the terms: 'deed' and 'conveyance'. A deed is a legal document written, sealed and delivered by the parties (buyer and seller) involved in a contract. The document contains legally valid terms enforceable in a court of law. Hence, a deed must be in writing and signed by both the parties involved. There are different types of deeds, such as conveyance deed, gift deed, trust deed, mortgage deed, hypothecation deed, release deed...