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Examples of a deed are deeds of hypothecation for creating charge on movable properties in favour of the banks/financial institutions etc. An agreement by its name suggests that there should be at least two parties signing/approving the same. Examples of an agreement are agreement to sale, loan agreement etc.

Deeds are usually three to four pages. A deed states clearly the property address, grantor (the person selling the property), grantee (the person buying the property), the date the deed was recorded, and other identifying information about the property.

You can have a single party to a deed. An agreement under hand requires at least two parties (because you cannot agree with yourself to do something).

The essential elements of execution are that it is signed (often in front of a witness), sealed (although rarely required these days) and delivered. Traditionally delivery meant literally that, i.e., handing over the deed to the person who was to take the benefit of it.

Mortgages are usually six to 10 pages in length but are often longer because they typically are accompanied by different riders and addenda, which make specific demands against the type of lien on the land.

Also, deeds generally allow for a longer limitation period within which a claim under the instrument may be made. A contract has a limitation period of six years, but the window for a deed is usually 12 years.

The key legal requirements for a document to be a formal deed are: The document must be in writing. The document must make clear that it is intended to be a deed ? known as the face value requirement. Standard wording in the document will usually achieve this.

A deed has a 12 year limitation period and does not require consideration although consideration is often part of the agreement.