Thursday, March 31, 2011

Draft of SALE AGREEMENT



THIS AGREEMENT is made on this……………day………… between Mr\Miss\Mrs……………………..age………………….. S/O-W/O-D\O…………………. Address…………… (Hereinafter called the first party) and Mr\Miss\Mrs…………. Age…………… S/O-W/O-D\O ……………… Address …………… (Hereinafter called the second party), whereby it has been agreed between both the parties here as under: -

1.         The WORD “the first party” and “the second party” shall include their respective heirs, executors and representatives.

2.         Whereas the first party is the sole owner of a piece of land\Building measuring………… situated at…………………by virtue of ……………………

3.         And whereas the first party has agreed to sell and the second party has agreed to purchase a piece of land\Building measuring………… party situated at…………. for a consideration of Rs……………

NOW THIS AGREEMENT WITNESSED AS UNDER:-      

1.         That the first party in consideration of Rs………………. paid by the second party agrees to sell, convey and transfer all the rights, title and interest in the land\Building measuring………….. Situated at……………. The payment is paid to first party by Bank Draft No………. of …………Bank.
2.         The physical vacate possession of property has been delivered by the first party to the second party on the date of execution of this agreement.

3.         That this property is free from all kinds of encumbrances, charges, liens. It is not under any surety or security. It is free from all litigations, disputes, etc., and if it is found contrary the first party shall re-pay the entire sale consideration received from the second party with interest @……    

4.         The first party shall execute all such documents necessary for the Registration of sale and mutation of this property in the name of the second party. All the expenses of stamps fee etc including the registration charges will be bear by second party.

IN WITNESS THERE HAVE both the parties have set and subscribed their respective seals and signature.
DATE………..
PLACE………

WITNESSES:

                                                                                                 First Party………………….
1……..……
[Name and Address]
2……………..                                                                         Second Party……………….
 [Name and Address]


No comments:

Post a Comment