What is conveyance deeds? lease deed is conveyance deed.
JAI SINGH RAGHUVANSHI
(Querist) 24 March 2021
This query is : Resolved
What is conveyance deeds. Lease deeds is conveyance deed or not. Difference between conveyance deed & lease deed. When land is transferred through lease deed. The lease deed will be called conveyance deeds.
urgent reply
Jai Singh Deputy Manager of Cement Company
SHIRISH PAWAR, 7738990900
(Expert) 25 March 2021
Hello,
Conveyance deed transfers title of the property to the purchaser. While the lease deed does not transfer the property to any other person. Leasee will only get the right to use the property for the particular period as per the terms and conditions mentioned in the lease deed.
Isaac Gabriel
(Expert) 26 March 2021
The property is retained by the owner during the lease period, wheres.the coveyance deed it is not so.
ashok kumar singh
(Expert) 29 March 2021
earlier views of experts expressed much wisely, however you must go through the Transfer of Property Act. Lease is not transfer of any title in the immovable property, whereas a Deed of Conveyance i.e. Sale Deed is an absolute transfer of title in the immovable property. therefore there is a substantial differences in respect of transfer of title and rights over the immovable property. the Stamp duty payable are also different due to facts varied in respect of transfer of title and transfer of rights over the immovable property.
thanks
ashok kumar singh,
advocate
