Monday, May 22, 2023

Agreement to Sell

 

AGREEMENT TO SELL

 

THIS AGREEMENT TO SELL made at this _ day of 200_

BETWEEN

_______________________________age  years, occupation - _____, resident

of  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

_______________________________age  years, occupation - _________, resident of  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. 30, out of Survey No. 300, of the revenue village   ___  Taluka_________  District________ described in further details in the schedule here under, 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. 30, out of Survey No. 300, of the revenue village ____ Taluka  District  ____described in further details in the schedule here under, unto the purchaser for and at a price of Rs. ________/- of which the purchaser has today paid unto the vendor a sum of Rs. _____/- by cheque/demand draft bearing No.___, dated ____, drawn on the State Bank of India, Branch, the receipt whereof the vendor does hereby acknowledge unto the purchaser, and the balance of the purchase-price, i.e. Rs. __________/- 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 , Sub-Division & Taluka , within the local limits of the Pune Municipal Corporation, revenue village bearing Plot No.   out of Survey No. ___, admeasuring _____ sqft or thereabouts, and bounded by as follows :                                               

On or towards the East        _ 

On or towards the South      _

On or towards the West       _

On or towards the North      _

IN WITNESS WHEREOF the parties hereto have signed here under at  the date first above mentioned.

Sd/-

VENDOR

Sd/-

Witnesses :                                                                       PURCHASER

 

1.       Sd/-

 

2.       Sd/-

 

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