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DRAFT OF AN AGREEMENT FOR SALE

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 to 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 party.

WHEREAS THE SELLER is the absolute owner in possession and enjoyment of the more fully described property 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 Doc  No._________of Book 1 Volume No.______________Page No.____to_________, registered on and filed on the file of the Sub-Registrar,

WHEREAS the SELLER is the absolute owner of the property, he has been enjoying the same with absolute rights, 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), 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, check, or 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, 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 or 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 that he or she has absolute power to convey the same and that there are no encumbrances, liens, charges, Government dues, attachments, acquisitions, requisitions, 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 or she shall not do any act, deed, or thing creating any charge, lien, or encumbrance in respect of the schedule property during the term of this Agreement.

The SELLER has specifically agreed and covenanted with the PURCHASER that he or she shall do all acts, deeds, and things that 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 related to stamp duty and Registration charges shall be borne by the PURCHASER only.

The PURCHASER shall have the right to nominate or assign his rights under this agreement to any person or persons of his choice, and the SELLER shall execute the Sale Deed as per the terms and conditions of this Agreement in favour of the PURCHASER or his nominee or assignee.

The SELLER has agreed to get a consent deed duly executed to this Sale transaction from his wife or her husband, sons, and daughters on or before the date of registration of the sale deed and has assured them that they will all join to execute the sale deed in favour of the purchaser.

It is hereby expressly provided and agreed by the parties hereto 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 parties shall be with the purchaser, and a 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 hereinabove mentioned in the presence of the witnesses:

SELLER
SellerName
  PURCHASER
PurchaserName
WITNESSES:
1). Write Witness Name
Aadhaar: Mobile:
1).Write Witness address
 

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