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Real Estate Forum on Why Sale Deed Is A Ncessary Document?

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Q: Hi,

I have registered Agreement of Sale which bank has accepted for loan disbursement.

Is there a need to enter in sale deed also.

Latest Answer: Hi, Sale Deed is also known as conveyance deed. This is a document through which the seller transfers his right, title and interest in a property to the purchaser, who, in turn, acquires and holds the same as an absolute owner. Even though it is neither necessary nor mandatory to enter into a sale agreement before entering into a sale transaction, it is advisable to enter into a sale agreement wherein the terms and conditions of sale could be minutely stipulated.
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