Deed of Sale
A deed of sale is the formal legal instrument drawn up by a notary public through which ownership of real estate (land, building, or rights thereto) is transferred from one party to another in exchange for payment. It represents the conclusive step in a property transaction.
The deed typically covers:
- Transfer of full ownership rights
- Payment terms and financial conditions
- Any encumbrances, easements, or restrictions affecting the property
- Representations and warranties from the seller
Once executed, the deed is registered with the land registry, making the new ownership public and legally binding.
