The Transfer of Property Act, 1882 establishes legal procedures for transferring assets between individuals or entities. It defines sale, lease, gift, mortgage, and inheritance rights.

• Clear Transfer Rules: Ensures lawful ownership transitions.
• Mortgage & Lease Regulations: Defines rights of lenders and tenants.
• Gift Provisions: Governs voluntary asset transfers.
• Legal Protection: Reduces ambiguity in ownership claims.

By standardizing transactions, this Act safeguards buyer, seller, and lender interests, ensuring legally sound transfers.