Document background
The Conditional Deed of Sale is a crucial legal instrument in Indian property transactions where the sale completion is dependent on fulfilling certain conditions. This document is commonly used when parties agree to a property transfer but need to ensure specific requirements are met before the sale is finalized, such as obtaining regulatory approvals, clearing encumbrances, or completing payments in installments. The deed must comply with Indian legal requirements, including those under the Transfer of Property Act 1882, Indian Contract Act 1872, and Registration Act 1908. It protects both parties' interests by clearly defining the conditions precedent, payment terms, timelines, and consequences of condition fulfillment or failure. The Conditional Deed of Sale is particularly useful in complex property transactions where immediate transfer is not feasible or desirable, providing a legally secure framework for the eventual property transfer.
