Both you and the buyer will need to sign the deed to seal the real estate deal. Your Essential Guide to Selling a House.
Initially, an index known as the Vendors Index was set up to record vendor and purchaser names, deed type, book and number and a summary of the land transaction details. What is a deed? In short, a deed is a special type of binding promise or commitment to do something. It seems to be a feature of every legal system that there is some particular ritual, act or instrument by which a person can notify the community that she or he most solemnly means and intended to be binding. As noted earlier in the Execution of Deeds section in relation to the execution of a deed by a company in its own (non-trustee) capacity, the better view is that an authorised signatory cannot execute a deed (as opposed to an ordinary agreement) for a company as its agent if the signatory has only been appointed by board resolution, as distinct from a formal power of attorney expressed as a deed. A property deed is a legal document that transfers the ownership of real estate from a seller to a buyer.