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Here are a few major things to remember when executing a sale deed. The sale deed must include a clause that transfers ownership rights to the buyer once the purchase is complete. The title of the property must be free of all encumbrances. The registrar's office must verify the encumbrance status.
Elements of a sales agreement Buyer and seller names and contact information. Description of goods, services, or property being purchased. Payment amount, dates, and method. Liability of each party in the case of loss, damage, or delivery failure. Ownership information, such as when ownership formally transfers to the buyer.
The Promoter, on receipt of Total Price of the said Plot as per para 1.2 under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the said Plot within 3 months from the date of issuance of the Part Occupancy Certificate/Occupancy Certificate/ Part completion certificate/ Completion ...
___________(Rupees___________ only) and the PURCHASER herein has agreed to purchase the same for the aforesaid consideration on the following terms and conditions: NOW THIS AGREEMENT WITNESSETH AS FOLLOWS: The Sale consideration of the Schedule Property is fixed at Rs. __________ (Rupees________ only).
Draft of Agreement for Sale of a House The vendor will sell and the purchaser will purchase that entire house No....................... ... The purchaser has paid a sum of Rs. ................. as earnest money on ......................... ... The sale shall be completed within a period of.........