TRANSFER DEED Meaning and
Definition
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A transfer deed refers to a legal document that facilitates the transfer of ownership rights of a property from one party to another. It is typically used in real estate transactions as evidence of the change in ownership.
The transfer deed outlines the essential information regarding the property, parties involved, and the terms and conditions of the transfer. This document helps ensure that the transfer process is legally binding and properly recorded. It serves as conclusive evidence of the transfer and establishes the new owner's rights and responsibilities.
The content of a transfer deed generally includes details such as the property's legal description, its boundaries, physical address, and any existing encumbrances or liens. Additionally, the document may include specific clauses related to warranties or legal obligations that the transferor provides to the transferee.
To make the transfer deed legally enforceable, it requires the signature of the transferor or current property owner, as well as the transferee or the new owner. The document must then be properly witnessed and often registered with the relevant land registry or governing authority.
Overall, a transfer deed is a vital legal instrument that ensures the smooth and official transfer of property ownership rights, providing legal protection for both parties involved in the transaction.
Common Misspellings for TRANSFER DEED
- rransfer deed
- fransfer deed
- gransfer deed
- yransfer deed
- 6ransfer deed
- 5ransfer deed
- teansfer deed
- tdansfer deed
- tfansfer deed
- ttansfer deed
- t5ansfer deed
- t4ansfer deed
- trznsfer deed
- trsnsfer deed
- trwnsfer deed
- trqnsfer deed
- trabsfer deed
- tramsfer deed
- trajsfer deed
- trahsfer deed
Etymology of TRANSFER DEED
The word "transfer" is derived from the Latin word "transferre", which is a combination of "trans" (across, beyond) and "ferre" (to carry, to bear). It first appeared in English in the 14th century, meaning "to carry or convey from one place to another". Over time, it came to signify the act of moving or passing something or someone from one person or point to another.
The word "deed" has its roots in Old English, as "dēd", meaning "an action, a thing done". It is also related to the Old High German word "tat" and the Gothic word "gadeþs", both with similar meanings. In legal context, a deed refers to a written, signed, and legally binding document that records the transfer of property ownership or rights.
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