Agreement To Sell

 

to sell made at...... (Give place) on this ..... ...........(Give ........... (Give date) day of ........ (Give month) 200… Between A, son of ......... resident of...... of.......... .... (Give details) hereinafter called the vendor of the ONE PART and B, son of ....... resident of ......... (Give details) hereinafter called the purchaser of the OTHER PART.

THIS AGREEMENT

WHEREAS the vendor is absolutely seized and possessed of the house more fully described in the Schedule hereunder: WHEREAS the vendor has agreed to sell his house to the purchaser on the terms and conditions hereafter set-forth. NOW THIS AGREEMENT WITNESSETH AS FOLLOWS  

1.

The vendo vendorr will sell and the pur purchase chaserr will purcha purchase se the house be bearing aring no,.... no,........ .... situate situated d at........ at.........., .., (Give details) more particularly described in the Schedule hereunder for a price of Rs .......... (Give ( Give the price) free from all encumbrances.

2.

The p purc urchas haser er has has pai paid d a sum of of RS.. RS..... ..... ..... ..... (Give details) as earnest money on......... on......... (Give date) (the receipt of which sum, the vendor hereby acknowledges) and the balance amount of consideration will be paid at the time of execution of conveyance deed.

3.

The s sale ale shall shall b be e co complet mpleted ed wi within thin a period period o of... f....... ...... (specify period) months from this date and it is hereby agreed that time is the essence of the contract.

4.

The ven vendor dor shal shalll submit tthe he title title deeds of the the house to the the purchaser purchaser within within one wee week k from th the e date of this this agreement for investigation of title and shall report the same to the vendor.

5.

If the pur purchas chaser er finds tthat hat the vendor’ vendor’s s title is no nott clear, the the vendor vendor shall ref refund und the ea earnest rnest m money, oney, witho without ut interest to the purchaser within ........ (specify period) days from the date of intimation about the report by the purchasers. If the vendor does not refund the earnest money within ........ (specify period) days from the date of intimation about the report, the vendor will be liable to pay interest @ ........... (Give interest rate) p.m. upto the date of repayment of earnest money.

6.

The ve vendor ndor d declar eclares es that that the sale sale of the the house house will be without without encumbra encumbrances. nces.

7.

The ven vendor dor will han hand d over the v vacant acant posses possession sion of th the e house on the the execut execution ion and reg registr istration ation of sa sale le deed.

8.

If the pur purchas chaser er comm commits its breach breach of the agreemen agreement, t, the ve vendor ndor sha shallll be entitled entitled to forf forfeit eit the earnest earnest money money paid by the purchaser to the vendor and the vendor will be at liberty to resell the property to any person.

9.

If the ve vendor ndor com commits mits br breach each of th the e agreement, agreement, he sh shall all be liable liable to refun refund d earnest earnest money, money, received received by him and a sum of Rs ......... (Give details) by way of liquidated damages.

10. The vendor shall ex execute ecute the sale d deed eed in favor of the purchaser or his nominee as the the purchaser may require, on receipt of the balance consideration. 11. The vendor shall at his own cost obtain clearance certificate certificate under section section 230A, IIncome ncome tax Act, Act, 1961 and other permissions required for the completion of the sale. 12. The expenses ffor or preparation of tthe he conveyance deed, deed, cost of st stamp, amp, registration charges and all other other out of  pocket expenses shall be borne by the purchaser. Schedule above referred to

(Give details of the house referred to in the agreement) IN WITNESS WHERE OF

the parties have set their hands to this Agreement on the day and year first hereinabove

written. WITNESSES

1. 2. Signed by A … the within named vendor  Signed by B … the within named purchaser