Agreement For Sale Of A House Legal Draft Template

This

Agreement of sale made at .................. on this .............. day of

................... 2000, between A son of ..................... resident of

.................. hereinafter called the vendor of the ONE PART and B son of

............................... resident of ..............................

hereinafter called the purchaser of the OTHER PART.Whereas

the vendor is absolutely seized and possessed of or well and sufficiently

entitled to the house more fully described in the Schedule hereunder:And

Whereas the vendor has agreed to sell his house to the purchaser on the terms

and conditions hereafter set-forth.Now

this Agreement Witnesseth as Follows1.

The

vendor will sell and the purchaser will purchase that entire house

No....................... Road ...................... more particularly

described in the Schedule hereunder written at a price of Rs. .................

free from all encumbrances.2.

The

purchaser has paid a sum of Rs. ................. as earnest money on

......................... (the receipt of which sum, the vendor hereby

acknowledges) and the balance amount of consideration will be paid at the time

of execution of conveyance deed.3.

The

sale shall be completed within a period of......... months from this date and

it is hereby agreed that time is the essence of the contract.4.

The

vendor shall submit the title deeds of the house in his possession or power to

the purchaser's advocate within one week from the date of this agreement for

investigation of title and the purchaser will intimate about his advocate's

report within ................ days after delivery of title deeds to his

advocate.5.

If

the purchaser's Advocate gives the report that the vendor's title is not clear,

the vendor shall refund the earnest money, without interest to the purchaser

within ................. days from the date of intimation about the advocate's

report by the purchasers. If the vendor does not refund the earnest money

within ................... days from the date of intimation about the

advocate's report, the vendor will be liable to pay interest @ ................

p.m. upto the date of repayment of earnest money.6.

The

vendor declares that the sale of the house will be without encumbrances.7.

The

vendor will hand over the vacant possession of the house on the execution and

registration of conveyance deed.8.

If

the purchaser commits breach of the agreement, the vendor shall be entitled to

forfeit the earnest money paid by the purchaser to the vendor and the vendor

will be at liberty to resell the property to any person.9.

It

the vendor commits breach of the agreement, he shall be liable to refund

earnest money, received by him and a sum of Rs. ................. by way of

liquidated damages.10.

The

vendor shall execute the conveyance deed in favour of the purchaser or his

nominee as the purchaser may require, on receipt of the balance consideration.11.

The

vendor shall at his own costs obtain clearance certificate under section 230A,

Income tax Act, 1961 and other permissions required for the completion of the

sale.12.

The

expenses for, preparation of the conveyance deed, cost of stamp, registration

charges and all other cut of pocket expenses shall be borne by the purchaser.Schedule

above referred toIN

WITNESS WHEREOF the parties have set their hands to this Agreement on the day

and year first hereinabove written.Signed

and delivered by Shri A..............the

within named vendorSigned

and delivered by Shri B ..The

within named purchaserWITNESSES;1.2