Agreement To Sell Deeds Agreement For Sale 1472 - Legal Draft

Home Forms View

Category : Deeds Agreement For Sale

AGREEMENT TO SELL

THESE ARTICLES OF AGREEMENT TO SELL made at Rajgurunagar (Khed) this ......... day of 200 5

BETWEEN

1. Shri D E F , age 40 years, occupation - business,
2. Shri G H I , age 35 years, occupation - service,
3. Shri D E F , age 30 years, occupation -business.
all residents of Alandi, Taluka Khed, District Pune, hereinafter called the VENDORS, (which expression shall, unless repugnant to the context, mean and include their heirs, executors, administrators and assigns) of the One Part

AND

Shri G H I , age 50 years, occupation - agriculture and business, resident of 750 Deccan Gymkhana, Pune 411 004, hereinafter called the PURCHASER, (which expression shall, unless repugnant to the context, mean and include his heirs, executors, administrators and assigns) of the Other Part.

WHEREAS the property bearing Survey No. 250, of the revenue village Alandi, Taluka Khed, District Pune, described in further details in the schedule hereunder and referred to as "the said property", is owned and possessed by the present vendors;

AND WHEREAS the vendors intended to dispose of the said property;

AND WHEREAS the purchaser herein being interested in purchasing the said property approached the vendors with such a proposal to purchase and acquire the said property:

AND WHEREAS the vendors have found the terms and conditions offered by the purchaser to be most competitive;
AND WHEREAS the purchaser has offered the best of the possible terms unto the vendor;

AND WHEREAS the vendors have agreed to sell, transfer and convey the said property unto the purchaser;

AND WHEREAS the parties hereto have worked out the terms and conditions of their agreement and also decided to reduce the same into writing;

NOW, THIS DEED WITNESSES, and it is hereby mutually agreed by and between the parties as follows:

1. That the vendors herein do hereby agree to sell, transfer and convey his property bearing Survey No. 250, of the revenue village Alandi, Taluka Khed, District Pune, described in further details in the schedule hereunder and referred to as "the said property" in favour of the purchaser for and at a price of Rs. 5,25,000/- of which the purchaser has today paid unto the vendors by way of earnest money and a part payment a sum of Rs. 25,000/- in cash, the receipt whereof the vendors do hereby jointly and severally acknowledge unto the purchaser, and the balance of the purchase-price, i.e. Rs. 5,00,000/- shall be paid by the purchaser unto the vendors at the
time of the execution of sale-deed.
2. That the vendors shall apply for obtaining NA permission from the Competent Authority, and the proposed sale-deed shall be executed only on the grant of the said NA permission in respect of the said property.
3. That the vendors do hereby agree and undertake to sign all the necessary applications, statements, declarations, undertakings, indemnity bonds, affidavits, and such other documents and papers as may be required to be made and submitted to the authorities concerned for obtaining NA permission or any other exemptions in respect of the said property.
4. That all the expenses on account of the NA conversion taxes, so also lawyer's fees, stamp duty and registration charges shall be borne out and paid by the purchaser alone.
5. That the vendors do hereby undertake to execute an irrevocable powe r of attorney in favour of the purchaser, authorising the purchaser to prepare, submit and process the applications and sign the same for the purpose of obtaining NA permissions and exemptions, as aforesaid.
6. That the vendors reserve unto themselves a right to have a way along the western boundary of the width as per the TP scheme in respect of the said property.
7. That the vendors do hereby assure unto the purchaser that they, the vendors, have a clean, clear and marketable title to the said property, and that he has neither subjected the same to any encumbrance whatsoever, nor is it a subject-matter of any pending litigation, requisition or acquisition proceedings, and that the vendors have the absolute right to transfer and convey the same.
8. That the vendors further assures unto the purchaser that they, the vendors, have not agreed or entered into any agreement to sell the said property to any other person except the present purchaser.
9. That the vendors also assure unto the purchaser that all the taxes, cesses, charges and assessments payable in respect of the said property have been duly paid out by the vendor uptodate, and the purchaser shall be responsible and liable to pay the same hereafter.
10. That the vendors do hereby undertake to apply for, obtain and furnish unto the purchaser all the necessary permissions, exemptions and clearances under the provisions of the taxation laws or any other laws in force from time to time.
11. That the period for the completion of this transaction has been fixed at three months from the date of these presents, or the grant of the NA permission, whichever is later.

THE SCHEDULE OF THE PROPERTY ABOVE REFERRED TO : All that piece and parcel of land situate within the Registration Division & District Pune, Sub-Division & Taluka Khed, within the local limits of the Pune Zilla Parishad, revenue village Alandi, bearing Survey No. 250, admeasuring 10,000 sqft or thereabouts, and bounded by as follows :

On or towards the East Survey No. 201,
On or towards the South Survey No. 203,
On or towards the West Public Road, and
On or towards the North Nullah.
IN WITNESS WHEREOF the parties hereto have signed hereunder at Pune the date first abovementioned.
Sd/- D E F
Sd/- G H I
Sd/- D E F
VENDORS
Sd/- G _ H _ I __ Witnesses : PURCHASER
Sd/-xXx
Sd/-xXx