Advocate for Agreement of Sale
The agreement of sale shows the willingness of the parties to
buy/sell the property in future upon the satisfaction of certain terms and
conditions. However, since it does not involve an immediate transfer of ownership,
the buyer has no right and interest in the property in question until the
execution of the sale deed and full and final payment towards consideration
agreed upon by the concerned parties to the agreement.
This agreement
specifies the terms and conditions under which the property may be transferred.
This instrument of an agreement
of sale shall contents the following terms:
Detailed description of the property and concerned partiesDisclaimer that the property is free from legal encumbrancesValue of the property including payment detailsDelivery of the original documents on the final paymentExecution of sale deed and registration of the same if the titles
are found goodMethod of property deliveryPayment refund in case of improper titlesAction course for non-completion
of sale on the part of the sellerLoss of advance payment if the purchaser fails to complete the
transactionRemedy if legal issues besiege the propertyTransfer of tax-related certificatesAll other matters related to the proposed sale
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