Initiate Title Deed For Free

A deed transfers the title of an asset to a new owner, and it is usually recorded in the local county clerk's office. Recording is a way to protect title and ownership because it puts the public on constructive notice as to the buyer's ownership. In real estate transactions, a deed is usually delivered at closing.

A title deed is a legal document that outlines the inheritance, ownership, transfer, or allocation of the property by a government body. It contains details on a person's ownership rights or the amount of land they own. Title deeds are used to transfer a person's ownership rights over land to another person.

Your sale deed is a title deed because it acts as a statement of your ownership over an asset. The sale deed becomes a title deed as soon as it is registered, as it serves as proof that you now own a specific property. The sale deed serves several purposes and is a statement of the property titles.

A sale deed includes the following details: Name and address of the buyer and seller. Detailed description of the property. Total payment to be made, mode of payment, date when the payment is to be made. Date of handing over of property documents. Other terms and conditions of the sale.

It is proof of ownership and helps the owner assert and exercise his property rights. Any transaction of transfer of ownership is recorded in writing, and the document becomes a deed. Depending upon the transaction's nature, it can be a gift deed, sale deed, transfer deed, Will, etc.

When you own a home, the deed is the physical document that proves ownership. The title is the concept of legal ownership that the deed grants you. You can think of the deed as the document that transfers, or passes on, the title or the right to ownership. When you buy a home, you need both.