AGREEMENT FOR SALE
THIS AGREEMENT OF SALE made at Chennai on this __________________________ day of DECEMBER __________________________ Between Mr. ______________________________ (Aadhar Id : ______________________________, PAN : __________________________ ), S/o. ______________________________ aged ___ years residing at ______________________________ hereinafter referred to as “VENDOR" which expression shall, wherever the context so requires or admits, mean and include, his heirs, executors, administrators and assigns of the ONE PART;
TO AND IN FAVOUR OF
Mr. ______________________________ (Aadhaar No. ______________________________, PAN : __________________________ ), Son of ______________________________ aged ___ years residing at ______________________________ hereinafter referred to as the “PURCHASER", which expression shall, wherever the context so requires or admits, mean and include its successors in title and assigns of the OTHER PART; The VENDOR and the PURCHASER are hereinafter collectively referred to as “Parties” and individually “Party”.
__________________________ AS FOLLOWS:-
WHEREAS the VENDOR is the absolute owner of All that piece and parcel of Residential Flat bearing Flat No. __________________________ First Floor with super built up area of __________________________ Feet in the building complex know as WIDE WING Apartment together with __________________________ Feet undivided share of land out of __________________________ Feet along with a car park (morefully described in Schedule of Property) having purchased the same From __________________________ by way of Sale Deed dated ______________________________ bearing Document No. __________________________ of __________________________ I __________________________ And Subsequently entered into an Construction Agreement for the construction of the said Flat.
WHEREAS the Vendor is desirous of selling the Schedule Property and had offered the same to the PURCHASER by assuring, representing, and warranting to the PURCHASER herein the following: The Vendor herein is the sole and absolute owner of Schedule Property and that the title to the respective property set out in the Schedule hereto is good, valid, marketable and subsisting and none else has any right, title, interest or share therein of the Vendor; a) The Schedule of Property or any part thereof is not subject to any encumbrances, attachments, Court or acquisition proceedings or charges of any kind; b) The Vendor have not received any notice or orders issued under any Ordinance/Act/Statute/Rules or Regulations (State or Central) affecting the Schedule Property or any part thereof or the sale thereof; c) The Vendor is entitled to sell and dispose off Schedule Property;
WHEREAS based on the aforesaid representations, the PURCHASER have agreed to purchase the Schedule Property from the Vendor herein and the Parties hereto are now desirous of reducing the terms agreed into writing in terms hereof;
NOW THIS AGREEMENT OF SALE WITNESSES AS FOLLOWS:
That in pursuance of the foregoing and in consideration of the price hereby agreed to be paid in the manner set out herein, the VENDOR offers the Schedule Property for sale, and the PURCHASER hereby agrees to purchase Schedule Property subject, to the following terms and conditions:-
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
The PURCHASER shall bear and pay the expenses relating to Stamp duty, registration and conveyance charges in regard to the Deed of Sale of the Schedule Property;
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
__________________________ __________________________
This Agreement constitutes the entire Agreement between the Parties, and supersedes all other Agreements and understandings between the Parties or any of them;
__________________________ __________________________
The headings of the paragraphs of this Agreement are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement;
SCHEDULE OF THE PROPERTY
__________________________ __________________________
BOUNDED ON THE
__________________________ __________________________
__________________________ __________________________
IN WITNESS WHEREOF the parties have set their hands to this Agreement on the day and year first hereinabove written.
PURCHASER/ Other Part Vendor /First Part __________________________ ;
__________________________ __________________________
__________________________ __________________________
WITNESSES:
1.
Name, address and signature
2.
Name, address and signature