Agreement For Selling of Property

Download as doc, pdf, or txt
Download as doc, pdf, or txt
You are on page 1of 3
At a glance
Powered by AI
The document outlines an agreement for the sale of a property between an owner and buyer. It details the consideration amount, terms of payment, warranties regarding the property, and obligations of both parties.

The buyer will pay an earnest money amount upfront and the balance within three months at the time of registration of the conveyance deed.

The owner warrants that the property details are true, the title is clear and marketable, and the property is free from any encumbrances.

AGREEMENT FOR SELLING A HOUSE

THIS AGREEMENT made at ......... on this ................. day

of ......................, 2000, between…………………………………………….resident

of .................................................... hereinafter called "the owner" (which

expression shall, unless it be repugnant to the context or meaning thereof, be

deemed to mean and include his heirs, legal representatives, executors and

administrators) of the ONE PART

and…………………………………………………….resident of ……………..

……….. hereinafter called "the buyer" (which expression shall, unless it be

repugnant to the context or meaning thereof, be deemed to mean and include his

heirs, legal representatives, executors and administrators) of the OTHER PART.

WHEREAS the owner is the absolute owner of the property described in

the Schedule hereunder written and he wants to sell the same and for that

purpose he sell this property..

AND WHEREAS the buyer, who is a person to purchase the real estate in

the area has shown his willingness to purchase the said property.

AND WHEREAS the owner has agreed to sale of his property described in

the Schedule hereto on the terms and conditions as hereinafter appearing.


NOW THIS AGREEMENT WITNESSES AS UNDER:

1. The owner sell the property for a consideration of Rs.................. out of which

the purchaser shall pay Rs ...................... in advance as earnest money and

the balance of Rs ...................... shall be paid within a period of three months

at the time of registration of the conveyance deed.

2. The owner hereby represents and warrants that the details of the property as

described in the Schedule hereunder written are true and the title of the

owner to the said property is clear, marketable and free from encumbrances.

3. The owner hereby undertakes that after the receipt of earnest money from the

purchaser, he shall deliver the abstract of title showing that he is the owner of

the property and the property is free from mortgage, lien, charge or any

encumbrance.

4. The owner hereby agrees that on receipt of entire consideration in respect of

the property, he shall execute conveyance deed in favour of the purchaser.

5. The owner hereby agrees that area around the property is also included.in the

property and it shall for sell with the property.


6. The buyer shall pay the registration fee, which shall be payable at the time of

registration of the property.

IN THE WITNESS WHEREOF the parties have hereunto set their hands,

the day, month and year first above written.

Schedule of the above property

Name of Property Address of Property Area of Property Price of Property


1.
2.

WITNESSES;

1. Signed and delivered by…………………………………….,

the within named owner.

2. Signed and delivered by…………………………………….,

the within named buyer.

You might also like