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Agreement For Sale

draft for agreement for sale

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20 views4 pages

Agreement For Sale

draft for agreement for sale

Uploaded by

shivamcri.l
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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AGREEMENT FOR SALE

THIS AGREEMENT is made on this 21day of October 2021 at Ghaziabad.

BETWEEN

1. Mr. Pulkit Saxena S/O Mr. Ravneet Saxena aged 44 years,


occupation business, R/O H.no. 4, Laxmi Nagar, New Delhi.
Hereinafter referred to as “the Vendor” (which expression shall,
unless repugnant to the context or meaning thereof shall mean and
include his heirs, executors, administrators and assigns).

The party of the One Part

AND

Hereinafter referred to as “the Purchaser”

(which expression shall, unless repugnant to the context or meaning


thereof shall mean and include his heirs, executors, administrators and
assigns).

The party of the Other Part

WHEREAS

(i) The vendor is absolutely seized and possessed of or otherwise well


and sufficiently entitled to property bearing survey No. , Hissa
No.________, admeasuring __________ situated at __________ more
particularly described in the schedule written herein below and
hereinafter referred to as the said property.

(ii) The vendor has agreed to sell the said property to the purchaser at
the price and on the terms and conditions hereinafter mentioned.

NOW IT IS AGREED BETWEEN THE PARTIES HERETO AS FOLLOWS: —


1) The vendor hereby agrees to sell, transfer and convey the said
property in favour of the purchaser or his nominees.

2) That the consideration of Rs. _________ (Rupees_____) is to be paid


by the purchaser in the following manner: —

(i) Rs._______ (Rupees_____) at the time of execution of this


agreement (earnest money).

(ii) Rs. ________ (Rupees______) on ________date.

(iii) Rs. _______(Rupees______) at the time of final


conveyance/sale deed.

3) That the vendor hereby acknowledges and admits the payment of


Rs. _____ (earnest money) paid vide cheque No. ________ drawn on
_______bank.

4) The vendor shall make out a marketable title to the said property
free from all encumbrances and reasonable doubts.

5) The vendor shall deliver to the purchaser the title deeds relating to
the said property in his possession and power on execution of these
presents for inspection and investigation of title by the purchaser or
his advocate.

6) That the vendor hereby agrees to apply for, obtain and furnish unto
the purchaser all such permissions as may be necessary under the
prevalent laws for registration of sale deed.

7) That the purchaser hereby agrees to make the payment of the


agreed consideration within the stipulated period and enumerated
in Para (2) hereinabove.

8) That it is hereby agreed that the sale will be completed within six
months from the date of execution of this agreement.
9) All the taxes, levies etc. due and payable against the said property
shall be paid by the vendor till the completion of sale and thereafter
it will be the responsibility of the purchaser. The vendor shall
handover all the tax receipts etc. duly paid to the purchaser at the
time of completion of sale.

10) That the vendor agrees to handover actual, physical and vacant
possession of the said property unto the purchaser at the time of
sale deed.

11) That if the vendor fails to make out the clear marketable title to the
said property as aforesaid then the purchaser will have the right to
cancel this agreement by giving at least 15 days’ notice to the
vendor and after the expiration of the said period the agreement
shall stand terminated and the vendor agrees to return the earnest
money to the purchaser.

12) That if the purchaser fails to perform his obligations under this
agreement within the stipulated time then the vendor shall be
entitled to make time as essence of the contract and will have the
right to cancel these entitled to forfeit the earnest money paid by
the purchaser.

13) That all the expenses towards the payment of stamp duty,
registration charges and other incidental expenses in respect of
these presents as well as for the sale deed shall be borne out by the
purchaser.

SCHEDULE OF PROPERTY

All the piece and parcel of _____ land admeasuring ______________ Sq. mtrs.
within the registration Division and District _______ Sub-Division and
Taluka ________ within the limits of _______ Gram Panchayat/ Municipal
Corporation, bearing Survey No. ________, Hissa No. _____ and is bounded
as under.
ON OR TOWARDS

East :

West :

South:

North:

IN WITNESS WHEREOF the parties have put their respective hands the day
and year first above written.

Sd by Vendor

Sd by Purchaser

In presence of witness

1. ____________

2. ____________

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