Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Q.

What is the difference between sale deed and settlement deed?

view 1844 Views

1 Answers

10 months

Comment

whatsapp [#222222128] Created with Sketch. Send

The difference between a sale deed and a settlement deed:

Sale Deed:

  • A sale deed is a legal document used to transfer ownership of a property from one party (the seller) to another (the buyer) in exchange for monetary consideration.

  • In a sale deed, there is a direct monetary exchange involved. The buyer pays the seller a specific amount, and in return, the seller transfers the property rights to the buyer.

  • It is commonly used when selling property to a third party or an unrelated individual.

  • The sale deed is registered with the appropriate authorities to make it legally valid.

Settlement Deed:

  • A settlement deed is also a legal instrument, but it involves a different context.

  • Settlement deeds are typically used within families to resolve property disputes or distribute property rights among family members.

  • Unlike a sale deed, a settlement deed does not necessarily involve direct monetary consideration. Instead, it may be executed out of love, affection, or family arrangements.

  • For example, if parents want to release their property rights to their sons and daughters, they can do so through a settlement deed.

  • Settlement deeds are often used when there is no sale transaction but a need to clarify ownership rights among family members.

Need help with property registration and document verification? Contact NoBroker Legal Experts

Most Viewed Questions

Recently Published Questions

Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners