Shown below are the
rough and general drafts of documentations. These may be got verified from
legal experts before signing as AAkarashna Realtors
Inc. will not be responsible for any inaccuracies and deficiencies in these.
(M) 09891088944, 9818512450
Email: investments@aakarshna.com,
Website: http://www.aakarshna.com
AGREEMENT TO SELL AND
PURCHASE
Note: This format has been
prepared as applicable to flats. The word "flat" can be substituted
with the type of property for which this document is being executed. Similarly,
the name of the concerned authority can also be changed as applicable. For the
sake of convenience, we have italicized such words.
This agreement is made at
The expression first and
second party occurs in the body of this Agreement shall mean and include their
respective legal heirs, successors, legal representative, administrators,
executors and assigns.
WHEREAS
the First Party is the absolute Owner and in lawful possession of Flat No. __________, __________
Floor, comprising of __________ __________ __________ __________ __________
__________ __________ __________ CO-OPERATIVE GROUP HOUSING SOCIETY LTD.
Known as __________ __________ __________ __________ against Membership No.
__________ with the said society.
That the
first party for his legal needs and requirements has agreed to sell the said flat
for a sum of Rs. __________ __________ __________
__________ __________ to the second party. Both parties i.e. first and second have
agreed to sale/purchase of the said flat on the following terms &
conditions of this agreement.
NOW THIS AGREEMENT
WITNESSES AS UNDER:-
1.
That the entire consideration amount of the flat is finalized for
a sum of Rs.__________ __________ __________
__________ __________ __________.
2.
First Party has received an amount of Rs.
__________ __________ __________ __________ __________ as earnest money from
the second party at the same time of signing this agreement.
3.
Balance payment of Rs. __________ __________
__________ __________ __________ shall be paid by the second party on or before
__________.
4.
First Party assured second party that the said property under sale is
free from all kinds of encumbrances, sale, gift, liens, legal laws, court
degrees, court injunctions,attachments whatsoever and
if it is proved otherwise the first party shall be liable and responsible for
the same.
5.
That all the expenses of this transaction (i.e. registration) shall be
borne by the second party only.
6.
If the first party shall be defaulter to comply any terms &
conditions of this agreement and fail to execute the concerned documents for
transfer the ownership of this said S.R.as per the
fixed period by this agreement, then the first party shall have to pay double
amount of earnest money to the second party or court of law. The second party
shall have full right to get execute the same documents by the first party
through court of law at the cost and expense of first party.
7.
First Party shall pay the vacant Land Tax or House Tax, Water Bill,
Electricity bill if any, till the date of final transaction.
8.
First Party undertake to get the said property registered in the name of
second party or his nominee within the period mentioned in clause 3 above, if
the second party fails to arrange the payment of the balance amount as per
clause 3 above, the transaction will be considered as cancelled and the earnest
money given will be forfeited. Further, if the second party sells this flat
to some other party and received the earnest money in his name under his
signatures, the First Party will have no objection in the name of the other
party.
9.
That this transaction has been finalized through __________ __________
__________ __________, through its Director __________ will be paid commission
@2% each by the purchaser as well as by the seller on
the total amount of sale of the said property.
IN WITNESSES WHEREOF, the parties here have to
set their respective hands on these presents in the presence of the following
witness.
WITNESSES:
Signature of Seller/First Party
1.
2. Signature of the
Purchaser/Second Party
Shown above are the rough and general drafts
of documentations. These may be got verified from legal experts before signing
as AAkarashna Realtors Inc. will not be responsible
for any inaccuracies and deficiencies in these. (M) 09891088944, 9818512450
Email: investments@aakarshna.com,
Website: http://www.aakarshna.com