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Agreement For Sale - Legal Draft

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Category : Agreements Contract Law

THIS

AGREEMENT FOR SALE is made and executed on this the____________ day

_____________ of ___________, 200-BETWEENMr.

____________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.ANDMr.

______________ s /o __________ aged ________ years residing at__________

___Hereinafter referred 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 PART.WHEREAS

THE SELLER is the absolute owner in possession and enjoyment of the more fully

described 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 Doct No._________of

Book1VolumeNo________________Pagenos._____to_________, registered on and filed

on the file of the Sub-Registrar,WHEREAS

the SELLER is the absolute owner of the property and he has been enjoying the

same with absolute right and he has clear and marketable title to the Schedule

PropertyWHEREAS

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) and 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/ cheque /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 and

thus completing the Sale transaction.The

parties herein covenant to complete the Sale transaction and to execute the

Absolute Sale Deed by the end ofThe

SELLER confirms with the PURCHASER that he/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 and he/she has absolute power to convey the

same and there are no encumbrances, liens, charges, Government dues,

attachments, acquisition, or requisition, 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/she shall not do any act, deed or

thing creating any charge, lien or encumbrance in respect of the schedule

property during the subsistence of this Agreement.The

SELLER has specifically agreed and covenants with the PURCHASER that he/she

shall do all acts, deeds and things which 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 towards Stamp Duty and

Registration charges shall be borne by the PURCHASER only.The

PURCHASER shall have the right to nominate or assign his right under this

agreement to any person / persons of his choice and the SELLER shall execute

the Sale Deed as per terms and conditions of this Agreement in favour of the

PURCHASER or his nominee or assignee.The

SELLER has agreed to get consent deed duly executed to this Sale transaction

from his wife/her husband, sons and daughters on or before date of registration

of Sale Deed and assured that they all join to execute sale deed in favour of

the purchaser.It is hereby expressly provided and

agreed by the parties here to 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 the parties shall be with

the PURCHASER and copy of the same similarly signed shall be with the SELLER.SCHEDULEIN

WITNESS WHEREOF the SELLER and the PURCHASER have signed this Agreement of Sale

on the day month and year herein above mentioned in the presence of the

witnesses:WITNESSES:1.2.Signed

by SELLER_____________In

presence ofSigned

by PURCHASER______________In

presence of


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