December 17, 2025
What Is a Tripartite Agreement in Real Estate Financing?
A tripartite agreement is a three-party contract commonly used in real estate finance to align the rights and obligations of the borrower (developer/homebuyer), the lender (bank/financial institution), and a third party—often the seller, builder, escrow agent, or landowner. It creates a legal framework so that money, title, construction milestones, and risk are coordinated among everyone involved in the deal.
November 18, 2025
Gift Deed vs. Will: Which Is Better for Property Transfer?
Deciding how to pass property to a loved one is one of the most important — and sometimes emotional — financial decisions you’ll make. Two common tools are gift deeds (an inter vivos transfer) and wills (testamentary dispositions). Both are legally valid ways to transfer property, but they work very differently, and which is “better” depends on your goals: speed, control, tax consequences, risk of dispute, and the relationship between donor/testator and beneficiaries.
November 03, 2025
Understanding Builder–Buyer Agreements: Rights and Red Flags
Builder–buyer agreements (also called builder–contractor agreements, construction sale agreements or agreements for sale in real estate) sit at the heart of every new-build home or development project. They spell out who does what, when, how much, and what happens if things go wrong. For buyers they’re often the first legally binding document they sign in the purchase of an under-construction or newly built property — so understanding the rights they preserve and the red flags they hide is essential.
October 27, 2025
Can Someone Else Sell Your Property? The Truth About Power of Attorney
What Is a Power of Attorney in Property Deals? — A Comprehensive Guide
A Power of Attorney (POA) is one of the most useful — and potentially risky — legal tools in property transactions. Whether you’re buying, selling, leasing, or managing property, understanding how POAs work, when to use them, and how to protect yourself is essential. This post explains the concept, the types of POAs commonly used in property deals, how they’re executed and registered, common clauses, risks & safeguards, and practical checklists for both principals (owners) and agents (attorneys-in-fact).
October 13, 2025
Sale Agreement vs. Lease Agreement: What’s the Difference?
In business and real estate transactions, the terms sale agreement and lease agreement are often used interchangeably — but they couldn’t be more different. Both documents define rights, responsibilities, and ownership interests, yet they serve distinct purposes and carry very different legal and financial implications. Whether you’re a founder acquiring office space, a property owner, or a startup negotiating asset use, understanding the difference between these two agreements is crucial to making informed decisions.
October 04, 2025
Difference Between Sale Deed and Sale Agreement Explained
Real estate transactions involve complex legal documentation, but two terms often create confusion among buyers and sellers alike — Sale Agreement and Sale Deed.
While both are integral to property transactions, they serve very different purposes. Understanding their distinction is essential for anyone buying, selling, or investing in property.
September 18, 2025
Lease Agreements: Why They’re Created and Why They Matter
A Lease Agreement is one of the most important contracts in business and personal life. Whether it’s for an office, retail store, factory, or even residential property, this document clearly defines the relationship between a landlord and a tenant. At DraftMyDeal, we help businesses and individuals create lease agreements that are clear, enforceable, and tailored to their needs.