THIS AGREEMENT FOR SALE is made and executed on this _______ day of
___________month of _____________ year at ___________
BETWEEN
Smt./Sri.___________W/o. / Sri._______aged _____ years residing at __________hereinafter called the “SELLER” (which expression
shall mean and include her legal heirs, successors, successors-in-interest,
executors, administrators, legal representatives, attorneys and assigns) of ONE
PART.
AND
Smt./Sri.__________________________ W/o. /
Sri.______________ aged _____ years residing at
___________________________________ hereinafter called the “PURCHASER”
(represented by his _____________ as power of attorney holder) which expression
shall mean and include his heirs, successors, executors, administrators, legal
representatives, attorneys and assigns) of the OTHER PART.
WHERE AS THE SELLER is the absolute owner in
possession and enjoyment of the residential / Commercial property
bearing No.______________________
measuring East to West _____ feet and North to
South _____ feet which is more fully described in the schedule hereunder and
hereafter called the
“SCHEDULE PROPERTY”.
WHERE AS the schedule property is the self acquired property of
Sri.______________ vide registered Sale deed bearing No.________ Volume
No.______ Page _____ to ______ dated ________ registered at Sub-Registrar’s
Office, _________________. He having acquired the same without any aid or
assistance from his family of any quarters/ built the schedule property
entirely with his own earnings.
WHEREAS said Smt./Sri._____________________ bequeathed the entire
schedule property in favour of SELLER _________________ a will dated
________ / a registered will bearing No._________
Book III, Volume ____ Page_____ to _____ dated ___________ registered at
Sub-Registrar Office,___________________.
WHEREAS there are no encumbrances, liens, charges,
Government dues, attachments, acquisition, or requisition, proceedings and
whereas the SELLER has clear and marketable title to the Schedule Property and
he/she has absolute power to convey the same.
WHEREAS the SELLER being in need of funds for the purpose of
__________________________________________________________________
has decided to sell the schedule property after obtaining consent of his
wife/her husband, sons and daughters.
WHEREAS
the SELLER offered to sell and transfer the schedule property to the
PURCHASER for a sale consideration of Rs.____________
(Rupees_________________ only) and the PURCHASER
herein has agreed to purchase the same for the aforesaid consideration on the
following terms and conditions:
NOW THIS
AGREEMENT WITNESSETH AS FOLLOWS:
1. The Sale Value of the Schedule Property is fixed at Rs.___________
(Rupees_____________________only).
2. The PURCHASER has paid a sum of Rs.___________
(Rupees_____________________only) by
cash/cheque/D.D. bearing No.____________ drawn on __________ dated ________ as
advance, the receipt of which sum the SELLER does hereby acknowledges.
3. The balance payment of Rs.___________
(Rupees_____________________only) will be paid by
the PURCHASER to the SELLER at the time of execution of the Absolute Sale Deed
and thus complete the Sale transaction.
4. The parties herein covenant to complete the Sale
transaction and to execute the Absolute Sale Deed by the end
of_________________.
5. The SELLER confirms with the PURCHASER that
he/she has not entered into any agreement for sale, mortgage or exchange
whatsoever with any other person relating to the Schedule Property of this
Agreement.
6. SELLER agrees to put the purchaser in absolute and vacant possession of
the schedule property after executing the sale deed and registering the same
in the jurisdictional Sub-Registrar’s office.
7. The SELLER covenants with the purchaser that
he/she shall not do any act, deed or thing creating any charge, lien or
encumbrance in respect of the schedule property during the subsistence of this
Agreement.
8. The SELLER has specifically agreed and
covenants with the PURCHASER that he/she shall do all acts, deeds and things
which are necessary and requisite to convey absolute and marketable title in
respect of the schedule property in favour of the PURCHASER or his nominee.
9. IT IS AGREED between the parties that all expenses towards Stamp
Duty and Registration charges shall be borne by the PURCHASER only.
10. The SELLER covenant to obtain at her cost necessary permission from the
competent Authority, Income Tax Clearance Certificate and such other
Certificate / Document as may be required at the time of Registration of Sale
Deed in pursuance of this Agreement.
11. The PURCHASER shall have the right to nominate or assign his right under
this agreement to any person / persons of his choice and the SELLER shall
execute the Sale Deed as per terms and conditions of this Agreement in favour
of the PURCHASER or his nominee or assignee.
12. The SELLER has agreed to get consent deed duly executed to this Sale
transaction from his wife/her husband, sons and daughters on or before date of
registration of Sale Deed and assured that they all join to execute sale deed
in favour of the purchaser.
13. It is hereby expressly provided and agreed by the parties here to that
both parties are entitled to enforce specific performance of the agreement against
each other in case of breach of any conditions mentioned in this Agreement.
14. The original of the “AGREEMENT” signed by both the parties shall be with
the PURCHASER and copy of the same similarly signed shall be with the
SELLER.
SCHEDULE
All the
piece and parcel of ___________ property
bearing No.____________
situated at ___________________________________ measuring East to West
________ feet (_________ feet) and North to South
_______ feet (___________feet) in all ___________ sq.ft. or ___________sq.mtrs.
and bounded on:
NORTH
|
:
|
By
_______________
|
SOUTH
|
:
|
By
_______________
|
EAST
|
:
|
By
_______________
|
WEST
|
:
|
By
_______________
|
Details
of the Building:
|
i)
Plinth area of the building
ii)
Type of Roof.
iii)
Type of flouring.
iv)
Type of wood used.
v)
Amenities available.
vi)
Year of construction.
