It gives you full rights to the property – you can build upon it, charge rent, sell the property, etc. – without worrying about someone disputing your ownership in the future. A conveyance deed is an important legal document during the transference of a property, even between friends or family members.

What is the purpose of a conveyance deed?

A 'conveyance deed' or 'sale deed' implies that the seller signs a document stating that all authority and ownership of the property in question has been transferred to the buyer. The chain of title i.e. all legal rights to the present seller. The method of delivery of the given property to the buyer.

Is conveyance deed necessary for society?

Having a Conveyance Deed confers the legal ownership of the common areas of the housing society and plays an important role in proving legal ownership and later redevelopment projects.