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The TPA bare Act (1882) is the Indian law governing property transfer from one person to another. It specifies the legal requirements for such transfers and provides for both parties' rights and liabilities. Property transfer can be in the form of a sale, gift, mortgage, or lease.
The transfer process happens by way of deed. A property deed is a formal, legal document that transfers one person or entity's rights of ownership to another individual or entity.
Conveyance is the act of transferring property from one party to another. The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home. A conveyance is done using an instrument of conveyance?a legal document such as a contract, lease, title, or deed.
Family members can transfer property to one another without estate tax penalties by putting the property into a trust. When placed into an irrevocable trust, the property is no longer considered part of your estate after you die.
A sale deed is created while selling the property to a buyer. It is a legal document through which the property owner transfers property ownership rights to the buyer for an amount. It contains the property description, the rights transferred in it, and the amount paid by the buyer to purchase the property.