The deed of confirmation meaning in real estate is that it’s a document that confirms the validity of a previous real estate deed. It acts as a form of reinforcement, providing extra reassurance about the ownership status of a property.
Unlike other types of deeds, such as warranty or quitclaim deeds, a confirmation deed doesn’t transfer ownership; instead, it reaffirms existing ownership. You might need a confirmation deed if there’s an error on the original deed, during refinancing, applying for a second mortgage, or for estate planning purposes. It’s like saying “yes” again to something you already agreed to before.
You might need a confirmation deed in real estate under the following circumstances:
Title Verification: If there’s any doubt about the validity of the original deed, a confirmation deed reaffirms ownership.
Correcting Errors: To rectify errors or omissions in the initial deed, such as misspelt names or incorrect property descriptions.
Refinancing: When refinancing your mortgage, lenders may require a confirmation deed to ensure clear title.
Estate Planning: For estate planning purposes, confirming ownership and avoiding potential disputes.
Remember, a confirmation deed doesn’t transfer ownership; it merely validates existing rights.
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To understand
confirmation deed meaning, you must know that,
a confirmation deed, also known as a correction deed, is a legal document that is entered into between parties to rectify any errors made in a previous deed. These errors may include a misspelled name, typing error, error in the property description, or any other error in the execution of the documents. The rectification deed is recognised under Section 17 of the Indian Registration Act, 1908 and is a perfectly legal way to correct errors in legal documents.
I hope this clarifies the deed
of confirmation meaning and answers your question about what is deed of confirmation.
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Hi buddy,
A deed of confirmation, also known as a correction deed, is also entered into between parties to rectify any kind of error made in a previous deed. These errors may include a misspelled name, typing error, error in the property description, or any other error in the execution of the documents. Now you know what is confirmation deed.
A deed of confirmation means assent to the estate already built. By the confirmation, the parties further give legal validity to the property. An individual may assent and confirm documents of conveyance executed by another individual.
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The confirmation deed can be executed to rectify a mistake that you might have made while signing the main document or if you have failed to submit the required documents before the sub-registrar within the given time. As such, the sub-registrar may not register the document. To remedy these defects, a confirmation deed is required to be executed by the concerned party, where they confirm the principal deed’s execution and further add that the principal deed is valid. They also confirm that they have no title, interest, or right to the property transferred which belongs to the transferee/purchase. Also, the principal deed’s copy has to be annexed to the confirmation deed. The copy needs to be signed by the party that executes the deed of confirmation.
Confirmation deeds are recognised by the Indian Registration Act. As per Section 17 of this act, any deed confirming any interest in the immovable property is required to be registered. The confirmation may be given either by deeds, by limitation, or by acquiescence. You are required to pay stamp duty to register a confirmation deed.
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What is confirmation deed?
Karan
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2022-05-05T18:46:12+00:00 2023-11-01T15:03:12+00:00Comment
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