THIS
AGREEMENT FOR SALE is made and executed on this the____________ day
_____________ of ___________, 200-
BETWEEN
Mr. ____________s/o. ____________ 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
Mr.
______________ s /o __________ aged ________ years residing at__________
___Hereinafter referred as "The PURCHASER" (represented by his power
of attorney) which expression shall mean and include his heirs, successors,
executors, administrators, legal representatives, attorneys and assigns of the
OTHER PART.
WHEREAS
THE SELLER is the absolute owner in possession and enjoyment of the more fully
described in the schedule hereunder and hereafter called the "SCHEDULE
PROPERTY.
WHEREAS the property more fully
described in the schedule hereunder is the self acquired property of the SELLER
who purchased the same from Mr._____________ in and by sale deed dated
_____________
and registered
as Doct
No._________of
Book1VolumeNo________________Pagenos._____to_________,
registered on and filed on the file of the Sub-Registrar,
WHEREAS
the SELLER is the absolute owner of the property and he has been enjoying the
same with absolute right and he has clear and marketable title to the Schedule
Property
WHEREAS
the SELLER being in need of funds for the purpose of ________________ has
decided to sell the property more fully described in the Schedule hereunder and
the PURCHASER has offered to purchase the same..
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:
The
Sale consideration of the Schedule Property is fixed at Rs. __________
(Rupees________ only).
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 hereby acknowledges.
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 completing the Sale transaction.
The
parties herein covenant to complete the Sale transaction and to execute the
Absolute Sale Deed by the end of
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.
• The
SELLER hereby assures the PURCHASER and he/she has absolute power to convey the
same and there are no encumbrances, liens, charges, Government dues,
attachments, acquisition, or requisition, proceedings etc.
The
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.
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.
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.
IT IS AGREED between the parties that
all expenses towards Stamp Duty and Registration charges shall be borne by the
PURCHASER only.
• 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.
• 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.
•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.
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
IN
WITNESS WHEREOF the SELLER and the PURCHASER have signed this Agreement of Sale
on the day month and year herein above mentioned in the presence of the
witnesses:
WITNESSES:
1.
2.
Signed
by SELLER_____________
In
presence of
Signed
by PURCHASER______________
In
presence of
[CD1]AGREEMENT FOR SALE
0 Comments
Thank you for your response. It will help us to improve in the future.