„Locked-in property can only be transferred by a transport permit (deed of sale), duly stamped and registered legally. We therefore assert that goods can only be transferred/transported legally and legally through a registered transport obligation. If the transfer of a property is at a later date and is subject to other conditions, it is called a sales contract. A sales contract is for sale if the terms and conditions are met or if the time elapses before the property can be transferred. We can conclude that a deed of sale occurs if it is subject to an immediate transfer of the property. If not, it is a sale agreement. In this blog we will continue to examine the differences between the agreement for the sale and the deed of sale. This contract has all the conditions related to the sale of the property that are transferred from the seller to the buyer. This contract falls under the Transfer of Ownership Act of 1882. If you are a buyer, you should keep this in mind that the sales contract does not give you any rights or interest in the property. It consists only of terms and conditions related to the sale in the future, on which both the buyer and seller agree.
You need to think about why we are focusing on these two concepts. Well, the reason is that most people think these two terms are the same, which is not true. These two terms are poles far apart and it is important to know the difference between the purchase agreement (also known as the „Sale Agreement”) and the Deed Sale. If we say the fundamental difference between these two, you can understand by the fact that the purchase agreement is the promise of ownership transfer, while Sale Deed is the actual transfer of ownership. „By transposing the name only into mutation records, it cannot be said to have ownership of the property. Please note that in the absence of a registered deed of sale in their name, the transfer is invalid and illegal. The above definition shows that a purchase agreement contains a promise to transfer the property in question in the future under certain conditions.
