The sale deed is a proof of ownership document of a property. It is a critical document, especially during the sale of the property. It is a legal document used during a property transaction as evidence of the sale and transfer of ownership of a property from the seller to the buyer. For the buyer the Deed of Sale serves as proof that he / she bought the property from the seller and owns the same. The buyer can also enforce any warranties contained in the Deed of Sale if there is any defect in the product or problems with the sale in general.
What is the Importance of Sale Deed in Pakistan
It is one of the most important property documents in Pakistan. Sales deed is an agreement where details of both buyer and seller of the property are mentioned. It is a document that is necessary to prove the ownership of a property and serves as a legal statement of the title of the property.
What is the Purpose of Sale Deed as Per Law
A sale deed, also known as the final deed or conveyance deed, is an instrument in writing which legally transfers the ownership rights of an immovable property from one person to another in exchange of a price paid/consideration. It is made for the sale or purchase of land or any construction made on it.
What is the Validity of Deed of Sale as Per Law
n case the contract of sale of real property is in a private document, the contract is still binding and valid between parties. However, as compared to a public document, the public document is admissible in evidence in court without further proof of its authenticity and due execution.