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A deed grants full and absolute ownership of the property. You can sell it or leave it to your heirs by your will. A lease is a contract that permits you the use and possession of the property only, for a finite period of time and for consideration.

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16y ago

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Related Questions

What is the effect of cancellation of a registered lease by an unregistered cancellation deed?

the registered lease deed will automatically expired on completion of term of lease and no need to register cancellation of lease deed. and how ever a notice from lessor is to issued on completion of term of lease for handed over of premises.


What is the difference between a perpetual lease and a sale deed?

A lease is the written agreement under which the property owner allows the tenant to use the property for a period of time in exchange for the payment of rent. A sale is an agreement in which property is transferred from a seller to a buyer for a fixed price.


Is A lease as good as agreement to lease?

A lease in itself, is an agreement to lease. All the same.


Does the Master Deed take precident over the Master Plan and Unit Deed?

Wording in condominium lease contract says the master deed takes precedent over all underlining documents. The master plan and unit deed are based off this document.


Is a warranty deed the same as a conveyance deed?

Yes. A warranty deed is a deed of conveyance.Yes. A warranty deed is a deed of conveyance.Yes. A warranty deed is a deed of conveyance.Yes. A warranty deed is a deed of conveyance.


Is a Tenancy or Lease Agreement supposed to be signed as a Deed or simply by hand?

I don't think there are any laws which state that a lease must be neatly typed. They can be handwritten as long as both side know and agree to the terms of the lease.


Capital lease and financing lease are the same thing?

Finance lease and operating lease are different things.


The word covenant mean?

One of the definitions for the word covenant is "agree, especially by lease, deed, or other legal contract."


Can ex girlfriend use your address on a protection order if she does not live there?

If it was her legal address at the time she applied for the order, yes. However, she cannot use the order as a legal means of forcing you out of your own home PROVIDED that she does not appear on the lease or deed. HOWEVER, if she appears on the deed or lease, it is legally just as much her home as yours.


How long does a mineral deed last?

A mineral deed can last indefinitely, as it transfers ownership of the mineral rights from one party to another. There is no specific expiration date stated in a mineral deed, so it remains valid until it is legally transferred again or released.


What is a charter?

A charterer is someone who issues a document, lease, contract or deed that confers rights or priviledges to something.


Is Grant Bargain Sale Deed a Warranty Deed?

No. A bargain and sale deed is not the same as a warranty deed. The primary difference is that a bargain and sale deed does not guarantee that the seller holds clear title to the property.

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