Sample Property Sale Agreement India

At WITNESS WHEREOF, the two sides signed this agreement in the presence of the following witnesses: nearly 40% of real estate in Bangalore argued. The compensation clause contained in the sale contract frees the buyer from possible legal disputes/vices of the property. Please also mention that in the event of a dispute, the seller will compensate the buyer in the future for any losses incurred by the buyer at the prevailing market price. This clause should be carefully crafted and contain all possible scenarios. 13. That Part 2 after receiving the full remuneration of Rs sales. ———— by Part 2 and after Part 2 has paid/deposited the full balance, there is no further action to be performed, unless it is transmitted by Part 1, since Part 2 has the right to take the act of promotion either by Part 1 or, if authorized, at any time and to a prescribed act, does not apply to the transaction. This sale agreement is executed at this —————— ——— between ——————————, as part 1. AND Sh ——————————-, the following part 2. The expression of Part 1 -2, wherever it appears in the text of this agreement, means that it includes its respective heirs, legal representatives, rights holders, administrators, executors and assignees.

While the No. 1 party is the bonafide allottee/owner, who is in possession of a property with the number——————————— – of its bonafid needs and requirements, has agreed to sell the above-mentioned apartment for a sum of Rs.————————— – and the No. 2 party has agreed to buy the apartment mentioned in party No. 1. For each real estate transaction, the maximum risk is borne by the borrower. Even experts agree that all real estate transactions carry a certain risk. From the buyer`s point of view, it is very important to protect your interests before signing under the tip line. I list 5 most critical clause that should be included in Property Sale Agreement to protect the buyer`s interests.

1. That the full amount of the Rs.——————- of the apartment in Part 1 obtained by Part 2, received a separate legal receipt according to the predetermined indications: Bank check no —————— dated ————— is issued in the name of Part No. 1 and reported to ————————————————- And after receiving the amount, Part 1 admits that nothing is due from Part 2. all taxes and legal charges are borne by Part 2, including stamp duty on the registration of the transport certificate.

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