sale deed

Jaffer (Querist) 28 February 2011 This query is : Resolved
What is the difference between sale deed and sale agreement.

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Ajay Bansal (Expert) 28 February 2011
Sale agreement is a document in which it is mentioned that itom will be sold on this/that terms and conditions from one party to other party, while sale deed is a document under which any itom has been sold on this/that terms and conditions from one party to other party.

Guest (Expert) 01 March 2011
Dear Jaffer,
Sale agreement is a legal document showing consent of two or more parties to sell a particular article, commodity or property by one party or a group of parties collectively, and to purchase by the other party or a group of parties collectively for a specific price and on fulfillment of specific conditions.

On the other hand sale deed is the final document that indicates the finalization of sale by transfer of the article, commodity or the property on fulfillment of the conditions of the sales agreement and payment of the agreed price.

PS Dhingra
Chief Executive Officer
Dhingra Group of Management & Vigilance Consultants
New Delhi-110089
Mobile: 09968076381
[dcgroup1962@gmail.com]

preet (Expert) 02 March 2011
I agree with mr. Dhingra.

Two parties comes in sale agreement prior to sale deed, to fix the terms and condition of sale deed. Sale deed is the final deed from which sale is executed.