AGREEMENT FOR SALE OF A
HOUSE [CD1]
This
Agreement of sale made at .................. on this .............. day of
................... 2000, between A son of
.....................
resident of .................. hereinafter called the vendor of the ONE PART
and B son of
...............................
resident of .............................. hereinafter called the purchaser of
the OTHER PART.
Whereas
the vendor is absolutely seized and possessed of or well and sufficiently
entitled to the house more fully described in the Schedule hereunder:
And
Whereas the vendor has agreed to sell his house to the purchaser on the terms
and conditions hereafter set-forth.
Now
this Agreement Witnessed as Follows
1.
The vendor will sell and the
purchaser will purchase that entire house No....................... Road
...................... more particularly described in the Schedule hereunder
written at a price of Rs. ................. free from all encumbrances.
2.
The purchaser has paid a sum
of Rs. ................. as earnest money on ......................... (the
receipt of which sum, the vendor hereby acknowledges) and the balance amount of
consideration will be paid at the time of execution of conveyance deed.
3.
The sale shall be completed
within a period of......... months from this date and it is hereby agreed that
time is the essence of the contract.
4.
The vendor shall submit the
title deeds of the house in his possession or power to the purchaser's advocate
within one week from the date of this agreement for investigation of title and
the purchaser will intimate about his advocate's report within ................
days after delivery of title deeds to his advocate.
5.
If the purchaser's Advocate
gives the report that the vendor's title is not clear, the vendor shall refund
the earnest money, without interest to the purchaser within .................
days from the date of intimation about the advocate's report by the purchasers.
If the vendor does not refund the earnest money within ................... days
from the date of intimation about the advocate's report, the vendor will be
liable to pay interest @ ................ p.m. upto the date of repayment of
earnest money.
6.
The vendor declares that the
sale of the house will be without encumbrances.
7.
The vendor will hand over
the vacant possession of the house on the execution and registration of
conveyance deed.
8.
If the purchaser commits
breach of the agreement, the vendor shall be entitled to forfeit the earnest
money paid by the purchaser to the vendor and the vendor will be at liberty to
resell the property to any person.
9.
It the vendor commits breach
of the agreement, he shall be liable to refund earnest money, received by him
and a sum of Rs. ................. by way of liquidated damages.
10. The
vendor shall execute the conveyance deed in favour of the purchaser or his
nominee as the purchaser may require, on receipt of the balance consideration.
11. The
vendor shall at his own costs obtain clearance certificate under section 230A,
Income tax Act, 1961 and other permissions required for the completion of the
sale.
12.
The expenses for,
preparation of the conveyance deed, cost of stamp, registration charges and all
other cut of pocket expenses shall be borne by the purchaser.
Schedule above
referred to
IN
WITNESS WHEREOF the parties have set their hands to this Agreement on the day
and year first hereinabove written.
WITNESSES
1
Signed and delivered by Shri
A the within named vendor
2
.Signed and delivered by
Shri B within named purchaser
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