Conveyance

Conveyance refers to the act of transferring the title, ownership, rights and interests in a property, from one entity to another. It is a binding contract that is enforceable in a court of law. A conveyance deed is, therefore, a contract in which, the seller transfers all rights to own and keep a property legally. The purchase of a property is not complete without a valid conveyance deed.

A valid conveyance deed must contain the following:

  • The actual demarcation of the property.
  • Other rights annexed to the property and its use.
  • The full chain of titles, that is, all legal rights up until the present seller.
  • The method of delivery of the property to the buyer.
  • A memo of the consideration, stating how it has been received.
  • Any further applicable terms and conditions for the full transfer of ownership rights.

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