CS Professional · Drafting, Pleadings and Appearances · Types of Documents
Meera Traders executes a written document transferring ownership of its godown in Pune to Karan Enterprises for a price paid in full, and the document records that the property is conveyed absolutely. In drafting terms, which instrument is this?
It is a sale deed, also known as a conveyance. It transfers absolute ownership of immovable property for a price paid. A lease gives only limited enjoyment rights, a power of attorney merely authorises an agent, and a mortgage creates security, not outright ownership.
- AA sale deed (conveyance)Correct
- BA lease deed
- CA power of attorney
- DA deed of mortgage by conditional sale
Explanation
A document that transfers absolute ownership of immovable property for a price is a sale deed, also called a conveyance. A lease transfers only a right to enjoy for a period, a power of attorney only authorises an agent, and a mortgage transfers an interest in property as security for a debt.
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