A Guide to the Deed of Declaration in India

While dealing with property transactions in India, you will likely come across numerous legal documents. One such important document is the deed of declaration. This blog aims to shed light on what a deed of declaration is and why it holds significance in property dealings.

What is a Deed of Declaration?

In the context of Indian real estate, a deed of declaration is a document that lays down the rules and regulations of a housing society or a condominium. It contains all necessary details about the property, including its size, structure, purpose, number of units, and common facilities.

Contents of a Deed of Declaration

A comprehensive deed of declaration typically includes the following:

● Legal description of the property

● Division and identification of individual units

● Common areas and facilities

● Rules and regulations for the use of individual units and common areas

● Procedures for dispute resolution

Importance of a Deed of Declaration

The deed of declaration serves as a reference guide for the society members to understand their rights, duties, and limitations. Government authorities also use it for property assessment and taxation.

Role of a Deed of Declaration in Property Disputes

When conflicts arise among the members of a housing society, the deed of declaration can serve as a key reference point. Its clearly stated rules and regulations aid in resolving disputes in a fair and lawful manner.

Therefore, the document not only guides the everyday functioning of society but also plays a crucial role in maintaining harmony among its residents.

Moreover, the document is a legal requisite while selling or buying a property. It helps potential buyers understand society's rules and make informed decisions.