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Sale Agreement New
Sale Agreement New
Whereas the first party is the owner and in possession of one Flat measuring
80.00 Sq. Mt of Property NO. FLAT NO- 713, POCKET-5, MAYUR VIHAR,
PHASE-1, DELHI-110091 (hereinafter called the property).
And whereas the First Party has agreed to sell the above said property to the
Second Party and Second Party has agreed to purchase the same in consideration
of Rs. 60,00,000/- ( Sixty Lacs Only)
And Whereas out of which a sum of Rs. ……………………………… has been
received in advance by the First Party from the Second Party as an earnest
money receipt of which the First Party hereby acknowledge on the basis of
this agreement.
PAYMENT DETAILS:-
• Received Rs. ……………………/- through ………….. No.
……………………….., Dated ……………..
That Second Party is paying the amount to clear the mortgage to South Indian
Bank Ltd, Mayur Vihar Delhi, as the loan was against property (Loan No
0434081000000129) Rs.…………………………………… payment is being transferred to
bank via DD No. ___________________
And balance amount of will be paid by the Second party to the first party at the
time of completion of this transaction as full and final settlement of the said
property under sale .
1. That the actual physical and vacant possession of the said property will
be delivered to the second party by the First Party on Date………………….
2. That the Second party shall be entitled to get done transaction
completed either in his /her/their own name or in the name of
his/her/their nominee/s.
3. That the time of completion of this transaction have been fixed between
both the parties which is up till 05-06-2024.
4. That When the Loan Will be cleared , The NOC provided by the Bank
Should be transferred to Second Party by First Party.
5. That Both parties are not allowed to do any sort of construction or
renovation on property till the time of completion of this transaction
which is up till 05-06-2024.
6. That if the First Party will fail or refuse to complete the transaction
within due period of this agreement then the second party shall be
entitled to get the Rs.60,00,000/- of the earnest money from the First
Party or to get the transaction completed through court of law at the
cost and risk of the first party.
7. That all the dues and demands regarding the aforesaid property shall be
paid and borne by the First Party up till the date of completion of this
transaction and thereafter the same shall be paid and borne by the
second party.
8. That the First party, hereby assure the second party that the said
property is free from all sorts of encumbrances such as mortgage, gift,
lien, decree, charges, sale, family disputes court disputes, injunction,
acquisition etc. and there is no defect in its title. If proved otherwise
then the first party will be liable to indemnity the Second Party, in full
losses sustained by the Second Party which shall be double the amount
spent by it.
9. That the first party shall pay the vacant land tax or house tax, water,
electricity bills and sewerage if any, till the date of full
transaction/possession.
10. That all the expenses of this agreement and all other transfer papers
shall be paid and borne by the second party.
In witness whereof the parties have signed this agreement on the day, month
and year first above written.
WITNESSES:
1. FIRST PARTY/SELLER
2. SECOND PARTY/PURCHASER