While a sale agreement promises to transfer ownership in the future, a deed of sale is an effective transfer of ownership. If the transfer of the property is made later and it is subject to other conditions, this is called a sales contract. A sales contract is for sale if the conditions are met or if time runs out until the property is transferred. Thus, we can conclude that a deed of sale occurs when it is subject to an immediate transfer of ownership. If not, it is a sale agreement. Apart from the limited right granted to purchasers under Section 53A, any sale that does not meet the requirements of Section 54 and Section 55 of the “Transfer of Ownership Act” does not return the title or transfer the interest of the property to the purchaser. Under the Indian Registration Act of 1908, any interest transfer agreement must be registered on property worth more than 100 rupees. Therefore, if you purchased a property for sale as part of an agreement without a good state of sale, you will not receive any right or interest in the property that would be transferred under the sale contract. A purchase agreement contains the terms of a contract that must take place between the buyer of a property and its seller. The purchase agreement also mentions the price offered, the advance paid and other payment details. A purchase agreement highlights the terms of a future contract and does not give the buyer any ownership rights. Both documents are therefore essential for the transfer of the buyer`s property, although at different stages of the sales activity. However, for the execution of these documents, 2 parts: the buyer and the seller must be present at the transfer of ownership.

The seller must be responsible for entering into a sale or sale agreement, as he has an undisputed title on the land that wishes to be sold. There must also be a reflection on the money to place the property for the benefit of the buyer.