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CS Professional · Drafting, Pleadings and Appearances · Types of Documents

Vikram Ltd. signs a ten-year lease of its factory land with Shree Estates through an instrument that is signed by both parties, sealed and delivered, and records the transfer of an interest in immovable property. For classification, which description fits best?

The lease is classified as a deed, a formal written instrument signed and delivered by both parties to transfer an interest in immovable property. Land being involved does not make it a public document; it remains a private instrument between the two companies.

  1. ASimple contract executed orally
  2. BUnilateral undertaking not requiring stamp duty
  3. CDeed, being a formal instrument executed by the partiesCorrect
  4. DPublic document because land is involved

Explanation

A deed is a formal written instrument executed, signed and delivered by the parties to create, transfer or record rights, such as a lease of immovable property. Involvement of land does not make a document public, and the lease is written and bilateral, so the oral and unilateral options are wrong.

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