Agreement To Sell Deeds Agreement For Sale 1473 - Legal Draft

Home Forms View

Category : Deeds Agreement For Sale

AGREEMENT TO SELL

THIS AGREEMENT TO SELL made at Nasik this __ day of 200 5
BETWEEN
Shri A B C age40years, occupation- agriculture, resident of 150 Hadapsar, Nasik 411 028, hereinafter called the VENDOR, (which expression shall, unless repugnant to the context, mean and include his heirs, executors, administrators and assigns) of the One Part

AND

Shri X Y Z , age 50 years, occupation - agriculture, resident of 75 Hadapsar, Nasik 411 028, 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 Plot No. 15, out of Survey No. 150, of the revenue village Hadapsar, Taluka Haveli, District Nasik , described in further details in the schedule hereunder, is owned and possessed by the present vendor;

AND WHEREAS the vendor decided to sell and dispose of the said property;

AND WHEREAS the purchaser approached the vendor with such a proposal to purchase and acquire the said property;
AND WHEREAS the purchaser has offered the best of the possible terms unto the vendor;

AND WHEREAS the vendor has 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 vendor does hereby agree to sell, transfer and convey his property bearing Plot No. 15, out of Survey No. 150, of the revenue village Hadapsar, Taluka Haveli, District Nasik , described in further details in the schedule hereunder, unto the purchaser for and at a price of Rs. 2,50,000/- of which the purchaser has today paid unto the vendor a sum of Rs. 50,000/- by cheque/demand draft bearing No

......... , dated ........... , drawn on the Bank of Maharashtra, Branch, the receipt whereof the vendor does hereby acknowledge unto the purchaser, and the balance of the purchase-price, i.e. Rs. 2,00,000/- shall be payable by the purchaser unto the vendor at the time of the execution of sale-deed and final conveyance.
2. That the vendor does hereby assure unto the purchaser that he, the vendor, has 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.
3. That the vendor further assures unto the purchaser that he, the
vendor, has not agreed or entered into any agreement to sell the said property to any person other than the present purchaser.
4. That the vendor also assures 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 those accruing and becoming due hereafter shall be borne out by the purchaser.
5. That the vendor shall apply for, obtain and furnish unto the purchaser all the necessary permissions, exemptions and clearances under the provisions of the Urban Land (Ceiling & Regulation) Act 1976, the Income Tax Act 1961, or any other laws in force from time to time.
6. That all the expenses of stamp duty and registration charges shall be borne out by the purchaser alone.

THE SCHEDULE OF THE PROPERTY ABOVE REFERRED TO : All that piece and parcel of land situate within the Registration Division & District Nasik , Sub-Division & Taluka Haveli, within the local limits of the Nasik Municipal Corporation, revenue village Hadapsar, bearing Plot No. 15, out of Survey No. 150, admeasuring 2000 sqft or thereabouts, and bounded by as follows :

On or towards the East Plot No. 16,
On or towards the South Plot No. 18,
On or towards the West Public Road, and
On or towards the North Nullah.
IN WITNESS WHEREOF the parties hereto have signed hereunder at Nasik the date first abovementioned.

Sd/- ABC VENDOR

Sd/- XYZ
Witnesses : PURCHASER
Sd/-xXx
1. Sd/-xXx