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Deed Of Conveyance And Deed Of Assignment

Deed Of Conveyance And Deed Of Assignment Template for India

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Deed Of Conveyance And Deed Of Assignment

"I need a Deed of Conveyance and Assignment for transferring ownership of a commercial warehouse property in Mumbai Industrial Area to multiple corporate buyers, with specific provisions for existing tenant rights and environmental compliance, to be completed by March 2025."

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Document background
A Deed of Conveyance and Assignment is a crucial legal instrument in Indian property law used to transfer ownership of immovable property and all associated rights from one party to another. This document is essential in both residential and commercial property transactions, combining elements of property transfer (conveyance) and rights assignment. The deed must comply with strict legal requirements under Indian law, including the Transfer of Property Act, and requires mandatory registration. It's commonly used in property sales, corporate acquisitions, family transfers, and development projects. The document includes comprehensive details about the property, parties involved, consideration, warranties, and covenants, serving as conclusive proof of ownership transfer.
Suggested Sections

1. Parties: Identifies and provides full details of the transferor (seller) and transferee (purchaser), including their legal capacity to transfer/receive property

2. Background: Recitals explaining the history of ownership, reason for transfer, and any relevant prior agreements

3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty

4. Details of Property: Comprehensive description of the property being conveyed, including boundaries and measurements

5. Consideration: States the amount paid/to be paid and payment terms

6. Conveyance: The operative part transferring all rights, title and interest in the property

7. Title Covenants: Seller's warranties regarding clear title, right to sell, and freedom from encumbrances

8. Possession: Details of physical possession transfer and related conditions

9. Representations and Warranties: Statements and guarantees by both parties regarding the property and transaction

10. Indemnification: Provisions for compensation in case of breach or third-party claims

11. Registration and Expenses: Details about registration requirements and allocation of associated costs

12. Governing Law: Specifies Indian law as governing law and jurisdiction details

Optional Sections

1. Power of Attorney: Required when any party is acting through an authorized representative

2. Outstanding Charges: Details of any pending payments, taxes or charges on the property

3. Third Party Rights: Required when there are existing tenants or other third-party interests

4. Environmental Matters: Needed for industrial properties or when environmental issues are relevant

5. Development Rights: Required when transferring properties with development potential or TDR

6. Survival Clauses: Specifies which provisions survive completion of the transfer

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including measurements, boundaries, and survey numbers

2. Title Documents Schedule: List of all title documents and their chronological chain

3. Payment Schedule: If payment is in installments, details of payment terms and dates

4. Encumbrance Schedule: List of existing encumbrances, if any, affecting the property

5. Inventory Schedule: For built property, list of fixtures and fittings included in the transfer

6. Power of Attorney Documents: Copies of power of attorney if any party is represented by an attorney

7. Required Approvals: List and copies of necessary governmental or regulatory approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Appurtenances
Assigner
Assignee
Completion Date
Consideration
Conveyance
Deed
Encumbrances
Effective Date
Fixtures and Fittings
Immovable Property
Land
Legal Title
Permitted Encumbrances
Possession
Property
Purchase Price
Registration Authority
Rights and Interests
Schedule
Stamp Duty
Sub-Registrar
Title Deeds
Transfer
Transferor
Transferee
Warranties
Working Day
Completion
Vacant Possession
Material Breach
Outgoings
Party/Parties
Property Documents
Requisite Approvals
Terms and Conditions
Relevant Industries

Real Estate

Construction

Banking and Finance

Infrastructure

Industrial Manufacturing

Hospitality

Retail

Agriculture

Commercial Property Development

Residential Property Development

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Corporate Affairs

Documentation

Land Acquisition

Asset Management

Property Development

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Manager

Property Developer

Land Acquisition Manager

Compliance Officer

Real Estate Agent

Property Valuer

Title Insurance Officer

Corporate Lawyer

Real Estate Director

Development Manager

Asset Manager

Property Portfolio Manager

Legal Documentation Specialist

Industries
Transfer of Property Act, 1882: Primary legislation governing the transfer of property between parties, defining legal requirements for valid property transfers, and establishing rules for different types of property interests
Registration Act, 1908: Mandates the registration of documents relating to transfer of immovable property, including deeds of conveyance, and prescribes the procedure for registration
Indian Stamp Act, 1899: Determines the stamp duty payable on property transfer documents and other legal instruments, ensuring proper revenue collection and document validity
Indian Contract Act, 1872: Provides the basic framework for all contracts in India, including property transactions, defining essential elements of valid contracts and remedies for breach
Specific Relief Act, 1963: Provides remedies for breach of contract, including specific performance of contracts relating to immovable property
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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