Indemnity For Title

₹ 950


Please Choose One Of The Options Below

Home Delivery

Self Print

E-Sign






Definition

Indemnity is defined as a duty to make good any loss, damage, or liability incurred by another. It also includes an understanding that an injured party has a right to claim reimbursement or compensation for a loss or damage to the person who has the duty.

Indemnity can also refer to compensation for loss or damage from the actions of another party. Here the owner of the property agrees to indemnify the loss bearer due any costs arising out of the property in dispute.

This deed is mainly used in matters of land title or property title confirmations.


Why Draft Indemnity for title?

  • To show the legal ownership over the said land.
  • To bind the vendor to indemnify the purchaser.
  • No ensure that there is no other individual having ownership rights over the said land.
  • To ensure the purchaser that, the vendor will indemnify if any loss is incurred due to the ownership dispute over the land.

Benefits

  • The purchaser has a remedy if in case he incurs loss due to said property 
  • The agreement also indicates that the vendor has the clear title over the land.
  • The vendor cannot make default.

You need to keep in mind the following details

  • Complete name & Address of the Vendor.
  • Complete name & Address of the Purchaser.
  • Description of the land 
  • Title proof.

Why The Legal Capsule?

Because we are efficient, correct and we look to achieve client satisfaction.