The legal title of property is transferred from one person to another by conveyance. It might also relate to the awarding of an encumbrance like a mortgage or an immigrant. A conveyance deed is a legal document that transfers ownership of property from one person to another.
A sale deed, on the other hand, accomplishes just that.The deed of sale is a legally binding transaction. It creates a genuine and legal title to the property in the buyer’s favour. After the sale has taken place, it is signed. It is used to transfer ownership of the property from the seller to the buyer. The Sale Deed is the document that says that the sale was successful, that the property now belongs to the purchaser legally and legitimately, and that the seller relinquishes any claim of title to the property in exchange for the recompense agreed upon in the Sale Agreement.
The main distinction is that in the event of a sale, the deed of sale transfers the legal title of ownership from one person to another, i.e., the first party sells the property title to the second party in exchange for a particular sum of money. A conveyance deed, on the other hand, has no such restriction. In the case of a gift, an exchange, a lease (temporary), a mortgage, or other conditions, a conveyance deed can transfer the legal title of property from one person to another.
When a Conveyance Deed is used to transfer the legal title of property from one person to another through a sale, the Conveyance Deed is referred to as a Sale Deed. As a result, a Sale Deed might be considered a sort of Conveyance Deed. Gift deeds, trade deeds, mortgage deeds, and other conveyance deeds are examples of other forms of conveyance deeds.
Reference: Section 105 in The Transfer of Property Act, 1882
105. Lease defined.—A lease of immoveable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms. Lessor, lessee, premium and rent defined.—The transferor is called the lessor, the transferee is called the lessee, the price is called the premium, and the money, share, service or other thing to be so rendered is called the rent. – – AHG240 – 202100581 – 127 – 97 – 202100202-20210042-20905