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  • Agreement for Sale of Goods (F.O.B. Basis)

    Agreement for Sale of Goods (F.O.B. Basis) This Agreement is made at ... this ... day of... between A B & Co. Ltd., a company registered under the (Indian) Companies Act, 1956 and having its registered office at ... hereinafter referred to as 'the Seller' of the One Part and M/s ... a foreign company registered under the ... Companies Act and having Its registered office at ... and its local agents' office at ... in India, hereinafter referred to as 'the Buyer' of the Other Part. 1.     The Seller agrees to sell and the Buyer agrees to buy... bales of Indian Cotton (... variety) at the price of ... dollars per ton. The price will be on F.O.B. basis - June-July shipment. 2.     The Buyer will nominate a ship within four weeks from the date hereof and shall give intimation of the expected date of her arrival at the port of dispatch and the Seller will ship the said goods in the nominated ship when she arrives at the port of ... 3.     The goods will be transported by the Seller upto the wharf where the ship will be anchored, at its own costs. 4.     When the goods are delivered to the master of the ship against the mate's receipt and the Bill of Lading is issued by the master, or owner of the ship, the delivery by the Seller to the Buyer will be complete and thereafter the goods will be the risk of the Buyer. 5.     It will be the responsibility of the Buyer to pay the freight charges thereon, marine insurance charges and other charges for transporting the goods from the port of shipment to the port of destination and thereafter until the goods come into the actual possession of the Buyer. 6.     On the loading of the goods in the ship, the Seller shall hand over to its banker the necessary documents of title to the goods and which will be sent by Its Bankers to their branch or nominated bank at the port of destination. 7.     The Buyer shall open a letter of credit with its Banker in favour of the Sellers Bankers and on receipt of the documents of title by the Seller's foreign Bankers, the Buyer's Bankers will credit the amount of the price in the Sellers' name with the Seller's Bankers. 8.     If any Import licence is required to be obtained by the Buyer at the place of destination the same will be obtained by the Buyer and the Buyer will be liable to pay all custom duty, import duty and other charges for clearance of the goods. 9.     If any export licence Is required to be obtained for exporting the goods from India under the Indian Law, the same will be obtained by the Seller and all export duties will also be paid by the Seller' 10.  The Buyer will be entitled to examine the goods by sample or otherwise at the port of loading and if the goods are not of the agreed quality or quantity the Buyer will have the option to reject the goods at the risk and costs of the Seller. 11.  The seller shall carryout all customs formalities necessary for the exportation of the goods. 12.  The seller shall bear all risk of laws of damage to the goods until such time as they have passed the ships rail at name port of shipment and thereafter all the risk of loss of or damage to the goods that is from the time they have passed the ships rail will be of the buyer. 13.  The seller shall give to the buyer sufficient notice that the goods have been delivered on the board of the ship. 14.  The seller shall pay the costs of checking quality measuring, weighing, counting and operations necessary for the purposes of placing the goods at the disposal of the buyer. The seller shall pack the goods properly and marked them appropriately. 15.  The seller shall render to the buyer at the latter’s request risk and expenses and every assistance in obtaining documents or equivalent cleeironic massage issued or transmitted the country of ship man and/or of obligations which the buyer may request for the exportation of the goods. 16.  The buyer shall pay all the costs relating to the goods from the time they have passed ships rail at the port of shipment as will as all costs incurred because of the ship named having failed to arrived in time or unable to take goods or closes for cargo earlier then the stipulated time or if the buyer fails to give sufficient notice to the seller of the ship, her arrival and loading place. 17.  The buyer shall take delivery of the goods when they are brought on board the ship by the seller. 18.  In case the ship nominated by the Buyer fails to arrive at the port of despatch within a reasonable time from the expected date of arrival or at all, the Buyer shall nominate another ship and intimate the date of arrival of that ship to the Seller. In such a case all the godown charges incurred by the Seller for storing the goods either with a clearing agent or with the port authorities from the date of arrival of the goods at the port till the date of putting the goods on board. the ship will be payable by the Buyer. If the nominated vessel does not land at the port of despatch but arrives at some other port in India the Seller will if so required by the Buyer transport the goods to the other port for shipment but in such a case the transport charges will be payable by the Buyer. 19.  If any dispute arises under this contract, between the parties, of whatsoever nature, including any claim for damages the same will be referred to arbitration under the Byelaws of the ... Cotton Association. Sd/- Seller. Sd/- Buyer. Download Word Document In English. (Rs.20/-) Download PDF Document In Marathi. (Rs.20/-)

  • Agreement for Sale of Leasehold Property

    Agreement for Sale of Leasehold Property This Agreement is made at ____ this ________ day of ______ between Mr. A residing at __________ hereinafter referred to as the ‘Vendor’ of the One Part and Mr. B residing at _____________________ hereinafter referred to as the ‘Purchaser’ of the Other part. Whereas – 1.     By a Deed of Lease Dated the _________ day of _______ made between Mr. ____________ therein referred to as the Lessee of the One Part and the Vendor therein referred to as the Lessee of the Other Part and registered at _______ under Sr. No. _____ of Book No. 1, at the office of the sub Registrar at _______ the said Lessor has demised unto the Vendor the land and Premises situated at ______ and more particularly described in the Schedule hereunder written for a period of 999 years, from the day of ____ at the yearly rent of Rs. _______ and on the covenants, terms and conditions therein mentioned. 2.     The said Lese is still valid and subsisting. 3.     The purchaser has offered to purchase the leasehold land and premises and the Vendor has agreed to sell the same and to assign the said lease on the terms and conditions agreed upon and hereinafter set out. Now it is agreed by and between the parties hereto as follows : 1.     The Vendor shall sell and assign to the Purchaser the said land and premises described in the Schedule hereunder written and assign the said lease for all the residue of the unexpired period of the said lease and subject to the rent reserved by and to the terms, covenants and conditions contained therein and the Purchaser has agreed to purchase the said land and premises subject to the said lease, at the price of Rs. ____ out of which the Purchaser has paid to the Vendor a sum of Rs. ______ as earnest money on the execution of this agreement (receipt whereof the Vendor hereby admits) and the balance of Rs. ________ is agreed to be paid on the completion of the sale. 2.     The Vendor shall make out a marketable title to the said leasehold property free from encumbrances and reasonable doubts. The root of title will be the said Deed of Lease and the Vendor will not be bound to make out a marketable title to the property so far as the said Lessor is concerned. 3.     The Vendor shall deliver the title deeds relating to the said property in his possession or power within eight days from the date hereof for inspection thereof by the Purchaser or his Advocate for investigation of title. The said documents may be handed over to the Purchaser’s Advocate against his personal accountable receipt for the sake of convenience, if so required by the Purchaser’s Advocate. 4.     If the Purchaser shall insist on any requisition or objection of any kind which the Vendor shall be unable or unwilling to remove or comply with, the Vendor may (notwithstanding any intermediate negotiation or litigation in respect thereof) give notice in writing to the Purchaser or his Advocate of the intention of the Vendor to rescind this contract unless such requisition or objection shall be withdrawn and if such notice shall be given and the requisition or objection shall not be withdrawn within 7 days after the day on which the notice was sent, this contract shall, without further notice, stand rescinded. The Vendor shall thereupon return to the Purchaser the said earnest money but without any interest, costs or other compensation or payment whatsoever. 5.     The Vendor will obtain the written consent of the lessor to the assignment of the Lease as a condition precedent to the completion of the sale. 6.     The outgoings in respect of the said property by way of property taxes, ground rent, land revenue payable by the Lessee till the completion of the sale will be paid by the Vendor and thereafter they will be paid by the Purchaser and the same if necessary will be apportioned as on the date of completion of this transaction. 7.     The sale will be completed within a period of four months from the date thereof. 8.     The sale will be completed by the Vendor executing a Deed of Assignment in favour of the Purchaser or his nominee paying the balance of the said price. 9.     The draft of the Deed of Assignment will be prepared by the Purchaser’s Advocate and will be approved by the Vendor’s Advocate. 10.  On completion of the sale as aforesaid, the Vendor will give possession of the said property to the Purchaser by delivering vacant possession of such portion thereof as is vacant and by attorning tenants of such portion thereof as are occupied by them to the Purchaser. 11.  The Vendor declares that the said property is not subject to any acquisition or requisition and no notice has been received by him for carrying out any heavy or structural repairs. If any notice for acquisition or requisition or structural repairs is issued and received by the Vendor before completion of Assignment, the Purchaser will have the option to cancel this agreement and in that event the Vendor will return the earnest money paid to him by the Purchaser. 12.  If the Vendor fails to make out a marketable title as aforesaid, the Purchaser will have the right to cancel this agreement by giving atleast fifteen days prior notice to the Vendor to that effect and on the expiration of the said period, the agreement shall stand terminated and in that event the Vendor will return the earnest money to the Purchaser and each party will bear and pay the costs of and incidental to this Agreement. 13.  If the Vendor makes default in completing the sale within the stipulating period, the Purchaser shall have the right to make time essence of the contract and to cancel this agreement thereafter by giving atleast fifteen days notice in writing to the Vendor to that effect and on the cancellation of the agreement, the Purchaser shall be entitled to claim and recover from the Vendor not only the said amount of earnest money but also all costs, charges and expenses incurred by the Purchaser of and incidental to this Agreement and the damages suffered by him. This is without prejudice to the right of the Purchaser to seek specific performance of this agreement through Court. 14.  If the Purchaser makes default in completing the sale, within the stipulated period, the Vendor shall be entitled to make time essence of the contract and to cancel this agreement, thereafter by giving atleast fifteen days notice to the Purchaser to that effect and on the cancellation of the agreement, the Purchaser will forfeit his right to the said earnest money which will be appropriated by the Vendor towards his claim for damages including the costs, charges and expenses of and incidental to this agreement. 15.  Before execution of the deed of assignment the Vendor will obtain Income Tax Certificate under Section 230A of the Income Tax Act, 1961 as a condition precedent to the completion of sale. 16.  The expenses by way of stamp duty payable on this agreement and the deed of assignment and registration charges in respect thereof will be borne and paid in equal shares by the parties hereto and except that all the other costs charges, and expenses incurred by the party in respect of the transactions including his and advocates fees will be borne and paid by him. IN WITNESS WHEREOF the parties have put their respective hands the day and year first above written. THE SCHEDULE ABOVE REFERRED TO (Particulars of the property) Signed and delivered by the withinnamed Vendor Mr. ________ in the presence of Signed and delivered by the withinnamed Purchaser Mr. ________ in the presence of Download Word Document In English. (Rs.30/-) Download PDF Document In Marathi. (Rs.30/-)

  • Deed of Conveyance Subject to Mortgage

    Deed of Conveyance Subject to Mortgage This Deed of Conveyance is made at ......... this ....... .... day of ... .................... Between Mr. 'A' of ...... ..... 1 ........... (hereinafter referred to as 'the Vendor') of the One Part, and Mr. 'B' of .................................. (hereinafter referred to as 'the Purchaser') of the Other Part.. Whereas the Vendor is seized and possessed of or otherwise well and sufficiently entitled to the land and premises situate at ………………….. and more particularly described in the Schedule hereunder written. And Whereas by a Deed of Mortgage dated the ... day of ... made between the Vendor therein referred to as the Mortgagor of the One Part and M/s AB & Co. a partnership firm by its partners (1)... (2)... (3)... therein referred to as the Mortgagees of the Other Part and registered at the office of the Sub Registrar at ... under S. No. . . .. of Book No.. . . . . I on the ... day of ... the Vendor has granted and conveyed the said land and premises unto the said Mortgagees to secure a sum of Rs.... lent and advanced by the Mortgagees to the Vendor and Interest thereon and other moneys becoming due and payable thereunder To Have And To Hold the said land and premises unto the said mortgagees, subject to the covenant for redemption and to the other terms, provisions and declarations therein contained. And Whereas the Vendor has agreed to sell the said property to the Purchaser subject to the said mortgage at the price of Rs ...... .. and has received from the Purchaser a sum of Rs ........ as earnest money on the execution of this agreement. And Whereas the Purchaser has requested the Vendor to execute these presents which he has agreed to do. And Whereas for the purposes of stamp duty the consideration is valued at ... ... market value is fixed at ........ NOW THIS DEED WITNESSETH that pursuant to the said agreement and in consideration of the sum of Rs.. . . paid as earnest money and the sum of Rs.. . . . paid on or before the execution of these presents, making together the said sum of Rs ...... .. agreed to be paid by the Purchaser to the Vendor (receipt whereof the Vendor hereby admits), He, the Vendor doth hereby convey and transfer by way of sale unto the Purchaser all that piece of land with the building and structures standing thereon situate at ..... .. In the Registration Sub District of ..... .. ..... ... and more particularly described in the Schedule hereunder written and delineated on the Plan thereof hereto annexed by red coloured boundary line TOGETHER WITH ALL the things permanently attached thereto or standing thereon and all the privileges, casements, profits, rights and appurtenances whatsoever to the said land and other premises or any part thereof belonging or anywise appertaining thereto and ALL the estate, right. title, interest, use, possession, benefit, claim and demand whatsoever at law or otherwise of the Vendor to the said piece of land and other the premises hereby conveyed and every part thereof TO HAVE TO HOLD the same unto and to the use and benefit of the Purchaser absolutely, and for ever but subject to the said mortgage hereinbefore recited and to all the liability thereunder And subject to the payment of all rents, rates, taxes, assessments. dues and duties now chargeable and payable and that may become chargeable and payable from time to time hereafter in respect of the same to the Government or the Municipal Corporation of ...... or any other public body or local authority In respect thereof AND the Vendor doth hereby covenant with the Purchaser that, 1.     The Vendor now has in himself good right full power and absolute authority to convey and transfer by way of sale the said piece of land, and other the premises hereby conveyed or intended so to he unto and to the use of the Purchaser in the manner aforesaid., 2.     Subject to the said mortgage the Purchaser may from time to time and at all times hereafter peaceably and quietly enter upon, occupy. or possess and enjoy the said land, and premises hereby conveyed with their appurtenances. and receive the rents, issues and profits thereof and every part thereof for his own use and benefit without any suit, lawful eviction or Interruption. claim and demand whatsoever from or by him the Vendor or his heirs or any of them or by any person or persons claiming or to claim, from, under or in trust for him or any of them; 3.     Subject to the said mortgage the Purchaser shall hold the said land and premises free and clear and freely and clearly and absolutely exonerated, and forever released and discharged or otherwise by the Vendor and well and sufficiently saved, defended, kept harmless and indemnified of from and against all former and other estates, titles, charges and encumbrances whatsoever had made, executed. occasioned and suffered by the Vendor or by any other person or persons claiming or to claim by, from, under or in trust for him; 4.     The Vendor and all persons having or claiming any estate, right, title, or interest In the said land, and premises hereby conveyed or any part thereof by, from, under or In trust for the Vendor or his heirs, executors, administrators or any of them shall and will from time to time and at all times hereafter at the request and costs of the Purchaser do and execute and cause to be done and executed all such further and other lawful acts. deeds, things, conveyances and assurances in the law whatsoever for the better and more perfectly and absolutely granting the said land, and premises and every part thereof hereby conveyed unto and to the use of the Purchaser In manner aforesaid as by the Purchaser, his heirs, executors or administrators and assigns shall be reasonably required. And the Purchaser doth hereby covenant with the Vendor that the Purchaser will pay all the principal amount with interest thereon and all other moneys becoming payable under the said Deed of Mortgage hereinbefore recited and agrees to indemnify and keep indemnified the Vendor against all liability and loss. costs, charges and expenses that he may incur or suffer on account of his personal covenant to pay all the amount due and payable under the said Deed of Mortgage to the said Mortgagees. IN WITNESS WHEREOF the Vendor has put his hand the day and year first hereinabove written. THE SCHEDULE ABOVE REFERRED TO (Description of the property) SIGNED AND DELIVERED BY THE Vendor Shri ..... .. in the presence of Signed by the withinnamed Purchaser ..... .. in the presence of RECEIVED THE day and year first hereinabove written from the abovenamed Purchaser the sum of Rs ...... .. which together with the sum of Rs ...... . received as earnest money as aforesaid makes up the sum of Rs ........ being the full consideration to be paid by him to me. Witness I say received Vendor. Download Word Document In English. (Rs.20/-) Download PDF Document In Hindi. (Rs.20/-) Download PDF Document In Marathi. (Rs.20/-)

  • Form for Obtaining Income - Tax Clearance Certificate under Section 230a, Income - Tax Act, 1961

    Form for Obtaining Income - Tax Clearance Certificate under Section 230a, Income - Tax Act, 1961 Form No. 34A Application for a certificate under section 230A(I) of the Income-tax Act, 1961 To, The Assessing Officer, ............................. ............... ............ Sir, I, request that a certificate under sub-section (1) of section 230A of the Income-tax Act, 1961, be granted to me. I give below the necessary particulars: 1.     Full name and address of applicant (in block letters) 2.     Status (whether individual, HUF, etc.) 3.     Name of father (or husband)(To be filled in if the applicant is an individual) 4.                             i.        In case any assessment has been made on the applicant under the Indian Income-tax Act, 1922/Income-tax Act, 1961/Wealth-tax Act, 1957/Expenditure-tax Act, 1957/Gift-tax Act, 1958 name of Income-tax Circle/Ward/District in which such assessment in respect of the latest year was made.                      ii.        If no assessment has been made as stated above, whether a return has been submitted under any of the said Acts for any year, and if so, the amount of income/wealth/ expenditure/gift returned for each such year and the Circle/Ward/District where such return has been filed. 5.                             i.        Names and addresses of all firms or associations of persons or bodies of individuals in which applicant is a partner or member and the Income-tax Circle/Ward/ District in which each such firm or association of persons or body of individuals is assessed to tax.                      ii.        Names and addresses of all private limited companies in which applicant is or has been a director at any time after 1st April, 1962 and the Circle/Ward/District in which each such company is assessed to tax. 6.     Particulars of existing tax liability as on the date of the application under- CAP/Asst. year Amount Rs. a.     the Excess Profit Tax Act, 1940 b.    the Business Profits Tax Act, 1947 c.     the Indian Income-tax Act, 1922 d.    the Income-tax Act, 1961 e.     the Wealth-tax Act, 1957 f.     the Expenditure-tax Act, 1957 g.    the Gift-tax Act, 1958 (if there is no existing liability against " applicant on the date of the application under any one of the aforesaid Acts, this should be indicated by writing 'Nil' against the name of the relevant Act). 7.                             i.        Nature of the document i.e. whether a deed of sale, gift, settlement, lease, etc. proposed to be registered.                      ii.        Mature of applicant's right, title or interest to or in the property purported to be transferred, assigned, limited or extinguished. 8.     .                       i.        In case the transferor is not the beneficial owner of or has no beneficial right or interest in the property proposed to be transferred, the name(s) and addressees) of the beneficial owner/owners.                      ii.        In case the property is held by the applicant as a trustee, agent, guardian or in any other capacity on behalf of any person or persons, the name(s) and addresses) of such other person/persons. 9.     In case where the applicant is a trustee the particulars of all existing tax liabilities. if any, of the beneficiary(ies) of the trust as on the date of application under- (To be filled in only if the beneficiary(ies) is/are chargeable to tax).                       i.        the Excess Profits Tax Act, 1940                      ii.        the Business Profits Tax Act, 1947                     iii.        the Indian Income-tax Act, 1922                     iv.        the income-tax Act, 1961                      v.        the Wealth-tax Act, 1957                     vi.        the Expenditure-tax Act, 1957                  vi.a        the Gift-tax Act, 1958 (Particulars should be given in a separate sheet if there is more than one such beneficiary). 10.  Date on which the right, title or interest to or in the property concerned was acquired. 11.  Cost of acquisition of the property. If the property was constructed by the applicant, cost of acquisition of the land and the cost of construction. 12.  Particulars of the source or sources from which the cost of acquisition or construction was met. 13.  If the property or part thereof was acquired under any of the following modes of acquisition, the particular mode of acquisition applicable to the applicant should be indicated.                                           i.    on any distribution of assets on the total or partial partition of a Hindu undivided family,                                          ii.    under a gift or will,                                         iii.      a.     by succession, inheritance or devolution, or b.    on any distribution of assets on the dissolution of a firm, body of individuals or other association of persons, etc., or c.     on any distribution of assets on the liquidation of company, or d.    under a transfer to a revocable or an irrevocable trust, or any other mode not covered by the above, 14. Name and address of the transferee, assignee, etc. 15.               i.        Full value of the consideration for which the property or the right, title or interest in the property is purported to be transferred.              ii.        If the transfer is to be without consideration, the value for purposes of stamp duty. 16.  Particulars of the property, i.e. its nature, extent, location, area, etc. 17.  Designation and address of the registering officer to whom the document has been/will be presented for registration. 18.  In case the applicant has transferred any other property in the financial year, the following particulars of each such property and details of the transfer deed registered should be furnished: a.     particulars of property i.e. its nature, extent, location and area, b.    name and address of transferee or assignee, c.     consideration stated in the instrument of transfer, d.    date when the transfer deed was registered and designation and address of the registering officer. I declare that to the best of my knowledge and belief, the information furnished above is correct, complete and is truly stated. Place Yours faithfully, Date ...................... Signature Notes: 1.     This application should be signed- a.     in the case of an individual by the individual himself; where the individual is absent from India, by the individual concerned or by some person duly authorised by him in this behalf, and where the individual is mentally incapacitated from attending to his affairs, by his guardian or by any other person competent to act on his behalf, b.    in the case of a Hindu undivided family, by the karta, and where the karta is absent from India or is mentally incapacitated from attending to his affairs, by any other adult member of such family, c.     in the case of a company or local authority, by the principal officer thereof, d.    in the case of a firm, by any partner thereof, not being a minor, e.     in the case of any other association or body of individuals, by any member of the association or body or the principal officer thereof, and f.     in the case of any other person, by that person or by some person competent to act an his behalf. 2.     This application should be submitted in duplicate and should be accompanied by a copy of the document which is to be registered. To The Registrar/Sub-Registrar, ..................................... 1.     The above mentioned applicant has been assessed/is assessable* by me upto .............................. 2.     He/She/ it* has • no liabilities outstanding. • made satisfactory provision for payment of taxes due under the Income-tax Act, 1961, Indian Income tax Act, 1922, Excess Profits Tax Act, 1940, Business Profits Tax Act, 1947, Wealth-tax Act, 1957, Expenditure-tax Act, 1957 and Gift-tax Act 1958. 3.     The registration of the document mentioned against item No. 7(i) of the application will not prejudicially affect the recovery of any of the taxes due under the Income-tax Act, 1961, Indian Income-tax Act, 1922, Excess Profits Tax Act, 1940, Business Profits Tax Act, 1947, Wealth-tax Act, 1957, Expenditure-tax Act, 1957 and Gift-tax Act, 1958. .......................................... Signature Designation: Assessing Officer Ward/District/Circle *Delete the inappropriate words or paragraphs. Download Word Document In English. (Rs.40/-) Download PDF Document In Marathi. (Rs.40/)

  • Package Deal Agreement for Sale of Flats in bulk to a Purchaser

    Package Deal Agreement for Sale of Flats in bulk to a Purchaser Download Word Document In English. (Rs.35/-) Download PDF Document In Hindi. (Rs.35/-) Download PDF Document In Marathi. (Rs.35/-) This Agreement made at .................. on .................. this .............. day of ............., 2000, Between (1) A, son of................ resident of ............... (2) B, son of ............................. resident of ..................................... and (3) C, son of .............................. resident of ........................ (hereinafter called "the Vendor", which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include their heirs, executors, administrators and Assigns) of the ONE PART and the ................... a company incorporated under the Companies Act, 1956 and having its registered office at ......................... (hereinafter called 'the Purchasers', which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the OTHER PART. Whereas the Vendors are absolutely seized and possessed or otherwise well and sufficiently entitled to the piece or parcel of land bearing Plot No ............. situated at.......................................... more particularly described in the First Schedule hereunder written and delineated on the plan thereof hereto annexed and thereon shown surrounded by red coloured boundary line, which is hereinafter referred to as "the said land". And Whereas the Vendors have purchased the said land under a Deed of conveyance dated .................... and made between ................. of the one part and Vendors of the other part, which sale deed has been registered with Sub-Registrar of Assurances, in Book No. 1 at pages ......... at Sr. No ............ in Volume No ...................... And Whereas the said land was not vacant as on the date of the commencement of the Urban Land (Ceiling and Regulation) Act, 1976, and as such no permission is required from the Government of ………………… or the competent Authority under the said Act to hold the said land and deal with the same. And Whereas the Vendors propose to demolish the old structures standing on the said land and intend to construct the buildings thereon and for that purpose, the Vendors have submitted site plans for construction of the building on the said land, to the Municipal Corporation of ……………… and the said ………………. Municipal Corporation have approved the said plans on terms and conditions set out in its letter dated ..................... a true copy whereof is annexed hereto and- marked as Annexure - A; And Whereas the Purchasers intend to purchase ready built flats for their executives and employees in the city of .............. and advertised for the same in the newspapers and the Vendors have submitted their offer to sell the flats to the Purchasers which the Purchasers have agreed to purchase. Now this agreement witnesseth and it is hereby agreed by and between the parties hereto as under: 1.     The Vendors shall sell to the Purchasers and the Purchasers shall purchase from the Vendors the said land and four buildings with ……… flats being constructed thereon at the rate of Rs. ................. (Rs. ...................................................... ) per sq. ft. of built up area of the entire completed buildings. The purchasers shall pay the said price to the Vendors in the manner given below:               i.        Rs. ................................... on execution of this Agreement              ii.        Rs . ........................................ on plinth             iii.        Rs . ......................................... on casting of 1st slab             iv.        Rs ……….......................... on casting of 2nd slab              v.        Rs. ........................................ on casting of 3rd slab             vi.        Rs. ......................................... on casting of 4th slab            vii.        Rs. ........................................ on casting of 5th slab           viii.        Rs. ....................................... after completion of sanitary, plumbing and carpentry work.             ix.        Rs. ......................... on handing over the possession of the buildings. The Purchasers shall make payment to the Vendors in different stages, on receipt of the certificate from the Architect to the effect that the Vendors have completed the stage on which payment is required to be made in terms of this Agreement. 2.             The Vendors hereby agree and undertake to construct on the said land the buildings consisting of …… flats in accordance with the plans approved by .............. Municipal Corporation, true copies whereof are annexed hereto and marked as Annexure - A, in accordance with the specifications set out in the Second Schedule hereunder written: PROVIDED that the Purchasers may require the Vendors to make changes or alterations in the said plans, as it may deem necessary to suit its requirements AND the Vendors hereby undertake to get the said alterations or changes approved by the Municipal Corporation of .............. at its own cost and execute the said alterations or changes within the aforementioned cost SUBJECT HOWEVER to the condition that the said alteration or changes do not involve any change in the specifications as specified in the Second Schedule hereunder written. It is hereby agreed by the parties hereto that in the event of any such alterations or changes in the specifications annexed hereto, the Purchaser shall pay to the Vendors extra charges to be incurred by them in respect of the changes or alterations. 3.     The fixtures, fittings and amenities to be provided by the Vendors in the said buildings are those set out in Annexure - B annexed hereto. 4.     The rate of Rs...................... per sq. ft. of the built-up area of the said completed buildings on the said land is inclusive of:                       i.        The cost of land.                      ii.        Civil works.                     iii.        Plumbing and sanitary works.                     iv.        Water, electricity and gas connection including internal and external water supply.                      v.        Compound wall of the land with gates.                     vi.        Fire fighting installation.                    vii.        Two lifts each in all the buildings.                   viii.        Underground and overhead tanks, pump houses an installation of electrically operated water pumps.                     ix.        All deposits with the authorities for water, electricity, gas, sewerage, sanction of the plans, etc.                      x.        Remuneration and other expenses of the Architects and RCC specialists.                     xi.        Insurance of the buildings during the construction.                    xii.        All other works required for the completion of the buildings as per bye-laws of the ………………….. for issue of completion and occupation certificates. The above rates are firm and shall not be varied under any circumstances whatsoever. All taxes payable in respect of the constructions and materials including sales tax on works contract, if payable, shall be payable by the Vendors. 5.     The total built up area of the said building shall be about .................. sq. ft. and the Purchasers shall pay the purchase price on the basis of actual calculations arrived at after joint measurements by the Architects of both the parties. 6.     The expression 'built up area' shall mean the plinth area of all the floors and balconies as shown in the approved plans measured from their respective outer parameters. The staircase and lift with their common passages and landings measured from plaster to plaster will be excluded from the calculation of the built up area. The areas of the Pump rooms, lofts, suction tanks, overhead tanks and watchman's cabins, staircase cabin, lift machine room, open chocks, ducts within or outside the buildings, terrace and the architectural projections shall not be taken into consideration for the purpose of arriving at built up area of the buildings for calculating purchase price. 7.     The Vendors hereby declare that the floor space index (F.S.I.) in respect of the said land is ..................... sq. m. and no part of the said FSI has been utilised by the Vendors. It any additional F.S.I. become available at any time but before the execution of Deed of Conveyance, the Vendors will be entitled to utilise the said F.S.I. elsewhere and the Purchasers will not object to the same and will not be entitled to any benefits arising out of the same. If any such additional F.S.I. becomes available, after the execution of Deed of Conveyance the Purchasers will be entitled to utilise the said F.S.I. in additional construction on the said buildings as may be allowed by .............. Municipal Corporation. 8.     The Purchasers shall pay Rs. ................ to the Vendors on the execution of these presents. 9.     The Vendors shall make out a clear and marketable title to the land to the satisfaction of the Purchaser's Solicitors and Advocates. In the event of the Vendors not satisfying the Purchaser's Solicitors about their title within ....... days from the date of execution of this agreement, the Vendors shall refund the earnest money of Rs. ....................... together with interest at the rate of ....... % p.a. thereon within ....... days of expiry of ....... days of execution of these presents. 10.  The Vendors agree and undertake to pay all taxes, duties, assessments, dues, levies and outgoings in respect of the said land and the buildings to be constructed thereon upto the date of execution of the deed of conveyance in favour of the Purchasers and the Purchasers shall bear and pay the same from the date of the conveyance. 11.  The Vendors shall within eight days from the execution of these presents deliver to the Purchaser's on their accountable receipt all the title deeds within their possession or power relating to the said land hereby agreed to be sold, for the purpose of examining the title thereto. 12.  The Vendors shall deduce a marketable title to the land hereby agreed to be sold free from reasonable doubts and all encumbrances. The Vendors agree and undertake that they will at their own cost get in all outstanding estimates and clear all defects in title, encumbrance and claims to or in respect of the said land including all claims by way of sale, exchange, mortgage, gifts, trust, inheritance, possession, lease, lien, easements or otherwise. 13.  In case the Vendors fail to make out a marketable title to the satisfaction of Purchaser's solicitors and Advocates or should any objection or requisition whatsoever be insisted upon which the Vendors are unable to comply with, the Purchasers may terminate this agreement and thereupon the Vendors shall refund the earnest money with interest at the rate of ...... % per annum thereon till repayment. In such an event neither party shall be entitled to any damages or specific performance of this agreement. 14.  The Vendors hereby declare that the said land hereby agreed to be sold to the Purchasers is freehold land and has been converted into non-agricultural use and that the said land is free from encumbrances, mortgages, attachments or charge of any nature. 15.  The Vendors declare and represent to the Purchasers that the said land was not vacant on the date of coming into force of the Urban Land (Ceiling & Regulation) Act, 1976 and therefore no permission from the Government of .............. or Competent Authority, Urban Land Ceiling, is required for the sale of the said land. 16.  It is hereby agreed that the stamp duty and registration charges and all out of pocket costs, charges and expenses of and incidental to this agreement and the conveyance seed shall be borne and paid by the Purchasers. However, the Vendors and the Purchasers will bear and pay for their own solicitors' charges. 17.  The Vendors shall obtain and produce or shall cause to be obtained and produced by all other parties concerned requisite certificate under section 230A of the Income-tax Act, 1961 in respect of the sale of the said land and the buildings to the Purchasers. The Vendors shall also obtain no objection certificate from the Appropriate Authority, Income-tax Department under Chapter XXC, income-tax Act, 1961. The Purchasers shall join the Vendors in making application under section 269UC, Income-tax Act, 1961 to the Appropriate Authority, Income-tax Department for obtaining no objection certificate. 18.  The Vendors hereby agree to observe, perform and comply with all the terms, conditions, stipulation and restrictions, if any, which may have been imposed by the .............. Municipal Corporation at the time of sanctioning the said plans or thereafter and shall before handing over possession of the building to the Purchaser, obtain from the .............. Municipal Corporation, completion and occupation certificates in respect of the buildings to the Purchaser. 19.  The Vendors hereby declare that at present there is no notice, order or intimation issued by the Government or the Municipal Corporation of .............. or any other public body or authority for acquisition or requisition of the said land or any part thereof and it any such notice, order or intimation is received by the Vendors before the execution of conveyance deed pursuant to these presents, then the Purchasers may terminate this agreement and in such case the Vendors shall return and repay the earnest money together with the interest amount at the rate of 18% per annum till the date of repayment thereof. However the Purchasers may require the Vendor to complete the sale subject to such notice, order or intimation, if so desired by the Purchasers. The Purchaser will communicate its decision to the Vendors in writing within 30 days from the issue of such notice, order or intimation. In case, the Purchasers opt to terminate this agreement, each party shall bear their own costs incurred upto that period. 20.  The Vendors shall make and execute a conveyance deed in favour of the purchasers or their nominee or nominees after the construction stage of all the buildings reach upto plinth level and the conveyance deed will be executed for a price of the land and the cost of construction completed upto the date of execution of conveyance deed. The draft of the conveyance deed shall be prepared by the Purchaser's solicitors and approved by the Vendor's solicitors. 21.  At the time of execution of the conveyance deed in respect of the land, the Vendors shall deliver or cause to be delivered to the Purchasers the title deeds exclusively relating to the said land hereby agreed to be sold and shall keep the common documents in their safe custody and produce the same to the Purchasers as and when required by the Purchasers for reasonable cause and a covenant to that effect shall be inserted in the conveyance deed to be executed in respect of the land. 22.  If the purchase of the land with flats is not completed due to wilful default on the part of the Purchasers, the Vendors will be entitled to forfeit earnest money paid by the Purchasers and the Vendors shall also be entitled to claim all costs, charges and expenses including the Vendors solicitors' professional fees and costs incurred by the Vendors. However in any case, the Vendors shall not be entitled to insist upon specific performance of this Agreement. 23.  If the sale of the land with flats is not completed due to wilful default on the part of the Vendors, the Purchasers shall be entitled either to claim specific performance or to terminate the agreement and claim damages from the Vendors and in either of the events, the Vendors shall be liable to pay all costs, charges and expenses, solicitors' fees and costs incurred by the Purchasers together with the return of earnest money and other sum paid with interest thereon at the rate of 18 per cent per annum. 24.  Upon completion of the sale, the Purchasers shall be the absolute owners of the said land and buildings thereon and the Vendors shall complete the construction of the buildings and his possession of the said land will be as mere licencee. 25.  The Vendors hereby agree and undertake to complete the construction of all the buildings agreed to be sold hereunder on or before the expiry of six months from the date of execution of these presents in accordance with the plans duly approved and sanctioned by the Municipal Corporation of .............. and specifications as set out in the Second Schedule written hereunder and other terms and conditions as set out in this agreement. Provided that the Vendors shall be entitled to reasonable extension of time for giving delivery of buildings on the aforesaid date, if the completion of the buildings is delayed on account of-                       i.        non-availability of steel, cement, other building material, water or electric supply;                      ii.        war, civil commotion or act of God;                     iii.        any notice, order, rule, notification of the Government, .............. Municipal Corporation and/or other public or competent authority. 26.  The Vendors shall execute the construction work with good material and in workmanship manner and the Purchasers may be entitled to depute its own Engineer to supervise the construction work. 27.  The Vendors will undertake all the works included in the Agreement and they shall not directly or indirectly transfer, assign or under-let the contract or any part/share thereof or any interest therein without the prior consent of the Purchaser in writing. 28.  If the Vendors fail to complete the said buildings on the said land within the period or the extended period as stipulated in the foregoing provision and fail to deliver the possession of the same to the Purchasers by the stipulated date, the Vendors shall be liable to pay liquidated damages calculated at Rs. ....... per day for the period during which the said works shall so remain incomplete and the purchasers may deduct such damages from any moneys due to the Vendor. The Vendors hereby authorise the Purchasers to deduct such liquidated damages, if any, from any payments to be made to the Vendors in terms of this agreement. 29.  It is hereby further agreed between the parties hereto that the Vendors shall allow the Purchaser's officials or his Engineers on site ' at all reasonable times to inspect the progress of the construction work and materials used for the construction and the said persons shall be entitled to point out to the Vendors any defects in the construction work, quality of workmanship or materials used when such defective work is in progress or being executed or such material is being brought on site and in such case the Vendors shall rectify such defects in the said construction at their own cost and if the Vendors tail to rectify the defects, the purchasers shall be entitled to get such defects removed at the risk and cost of the Vendors. 30.  The Vendors shall procure all the materials required for construction of the buildings, including steel and cement at their cost, and the Purchasers shall not be liable for the procurement of such item. However, the Purchasers shall co-operate with the Vendors by making necessary applications to the concerned authorities, it required by the Vendors for steel and cement. 31.  The Vendors shall procure the completion and occupation certificates in respect of all the buildings necessary from the Municipal Corporation of .............. in order to enable the Purchasers to occupy and use the buildings. As soon as the completion and occupation certificates are received by the Vendors, the Vendors shall give a notice to the Purchasers to deliver the possession of the said buildings and the Purchasers shall receive the possession of the said buildings within a week from the date of receipt of such notice. 32.  If before the execution of the Deed of Conveyance in respect of the land and buildings, the said land and building is notified by the Government or any other authority for acquisition or requisition, the Purchasers shall not be entitled to cancel this Agreement. In case of acquisition of the land and the buildings, the Purchasers shall be entitled either to refund of the amount paid by him to the Vendors under this Agreement or to the compensation for property if and when awarded by the Government or other Authority at the discretion of the Vendors. In case of requisition of the land and buildings, the Purchasers will be entitled to the compensation that will be awarded by the requisitioning authority. 33.  The Vendors hereby agree and undertake to indemnify and keep the Purchasers indemnified against any claims, demands, actions or proceedings that may be made or taken or commenced against the Purchasers or that may be suffered by the Purchasers by reason of anything done by the Vendors for the construction of the buildings in pursuance of this agreement. 34.  It is hereby further agreed between the parties hereto that the Vendors shall allow the Purchaser's officials or his Engineers on site ' at all reasonable times to inspect the progress of the construction work and materials used for the construction and the said persons shall be entitled to point out to the Vendors any defects in the construction work, quality of workmanship or materials used when such defective work is in progress or being executed or such material is being brought on site and in such case the Vendors shall rectify such defects in the said construction at their own cost and if the Vendors tail to rectify the defects, the purchasers shall be entitled to get such defects removed at the risk and cost of the Vendors. 35.  The Vendors shall procure all the materials required for construction of the buildings, including steel and cement at their cost, and the Purchasers shall not be liable for the procurement of such item. However, the Purchasers shall co-operate with the Vendors by making necessary applications to the concerned authorities, it required by the Vendors for steel and cement. 36.  The Vendors shall procure the completion and occupation certificates in respect of all the buildings necessary from the Municipal Corporation of .............. in order to enable the Purchasers to occupy and use the buildings. As soon as the completion and occupation certificates are received by the Vendors, the Vendors shall give a notice to the Purchasers to deliver the possession of the said buildings and the Purchasers shall receive the possession of the said buildings within a week from the date of receipt of such notice. 37.  If before the execution of the Deed of Conveyance in respect of the land and buildings, the said land and building is notified by the Government or any other authority for acquisition or requisition, the Purchasers shall not be entitled to cancel this Agreement. In case of acquisition of the land and the buildings, the Purchasers shall be entitled either to refund of the amount paid by him to the Vendors under this Agreement or to the compensation for property if and when awarded by the Government or other Authority at the discretion of the Vendors. In case of requisition of the land and buildings, the Purchasers will be entitled to the compensation that will be awarded by the requisitioning authority. 38.  The Vendors hereby agree and undertake to indemnify and keep the Purchasers indemnified against any claims, demands, actions or proceedings that may be made or taken or commenced against the Purchasers or that may be suffered by the Purchasers by reason of anything done by the Vendors for the construction of the buildings in pursuance of this agreement. 39.  All notice to be served on the Vendors and Purchasers shall be deemed to have been duly served, it sent to the Vendors and the Purchasers by Registered Post A.D. at their addresses specified Below:- For the Vendors ............................................... For the Purchaser ............................................... 40.  This Agreement shall be executed in duplicate. The original shall be retained by the Purchasers and the duplicate by the Vendors. IN WITNESS WHEREOF the Vendors have signed these presents and a duplicate hereof and the Purchasers have caused these presents and the said duplicate to be signed on its behalf by its Managing Director duly authorised by its Board of Directors the day and year first hereinabove written. The Schedule above referred to Signed and delivered by the within named Vendors Signed and delivered by the within named Purchasers ........................... by the hands of its Managing Director Shri .....................................duly authorised by its Board of Directors in its meeting held on ... ................ WITNESSES; 1. 2.

  • Deed of Conveyance of a Property Exclusive of a Flat or Floor in the Building

    Deed of Conveyance of a Property Exclusive of a Flat or Floor in the Building Download Word Document In English. (Rs.60/-) Download PDF Document In Hindi. (Rs.40/-) Download PDF Document In Marathi. (Rs.60/-) This Deed Of Conveyance is made at ....... this ....... day of ...... between Mr ........ hereinafter referred to as the 'Vendor' of the One Part and Mr ........ hereinafter referred to as the 'Purchaser' of the Other Part. Whereas the Vendor is absolutely seized and possessed of or otherwise well and sufficiently entitled to the land with building thereon situate at;..………………. and more particularly described in the Schedule hereunder written. And Whereas the said building consists of a ground floor and two upper floors and the ground floor is occupied by the Vendor himself with his family members and the upper floors are vacant. And Whereas the Vendor has agreed to convey or transfer by way of sale the said land and building but exclusive of the ground floor of the building to the Purchaser and the Purchaser has agreed to so purchase the same at the price and on the terms and conditions hereinafter mentioned. And Whereas the said land and building (exclusive of the ground floor premises) is valued at Rs ........ and stamp duty thereon/market value thereon fixed at Rs ........ is paid accordingly. NOW THIS DEED WITNESSETH that pursuant to the said agreement and In consideration of the sum of Rs ........ (Rupees ....... ) paid by the Purchaser to the Vendor as earnest on the day of ....... and the balance of Rs ....... paid on the execution of these presents making together the sum of Rs . . . . . . . .(Rupees . . . . . . .) being the full consideration agreed to be paid by the Purchaser to the Vendor (receipt whereof the Vendor doth hereby admit) He the Vendor doth hereby convey or transfer by way of sale the said piece of land with the building/structures standing thereon situate at ....... and more particularly described in the Schedule hereunder written and all things permanently attached thereto and standing thereon together with the benefit of all privileges, casements, profits, advantages, rights and appurtenances whatsoever to the said land and premises or any part thereof belonging or in anywise appertaining thereto (but exclusive of the whole of the ground floor built up portion or part of the said building in the occupation of the Vendor and all rights and appurtenances belonging thereto which will continue to belong to the Vendor as owner) and all the other estate, right, title and Interest of the vendor whatsoever at law or otherwise to the said land and building and other premises hereby conveyed (but exclusive of the ground floor portion as aforesaid) TO HAVE AND TO HOLD the same and the other premises hereby conveyed (but exclusive as aforesaid) unto and to the use of the Purchaser for ever and absolutely subject to the payment of all rents, rates, taxes, assessment dues and duties now chargeable and payable and t at may become chargeable and payable from time to time hereafter in respect of the said land and premises hereby conveyed (but excluding those relating to the ground floor portion of the said building) to the Government or the Municipal Corporation (or Council) or any other local or public authority. And for the beneficial enjoyment of the said land and other premises hereby conveyed to the Purchaser and of the ground floor portion of the said building retained by the Vendor. by the respective parties to whom they shall belong it is agreed and covenanted by and between the parties hereto as follows; 1.     The Purchaser hereby grants to the Vendor and the Vendor shall have the right In common with other occupants of the said building to pass and re-pass over the passage from the main door of the said flat leading to the staircase and over the staircase and the ground floor passage leading to the main road on which the said building abuts at all the time during day and night. 2.     The Vendor shall have no right to use the said passage or any other area outside the flat for storing any material whatsoever or to use It for any other purpose. 3.     The Vendor shall be liable to pay to the Purchaser the proportionate expenses incurred by the Purchaser for carrying out any repairs to the said building including the said flat or ground floor premises for painting or whitewashing the outside walls Including expenses for repairs to the water, electricity and drainage connections and amenities and which repairs will be of a nature common to or for the benefit or advantage of the whole building and for the maintenance and upkeep of the said whole building. 4.     The Vendor will have no right or claim to the said land on which the said building stands or any part thereof and in the event of the complete destruction of the building by fire or earthquake or any other calamity. the Vendor will have no right or claim thereto. 5.     The said building shall be insured by the Purchaser in the joint names of the Purchaser and Vendor for such amount as will be equal to the cost of construction thereof for the risk as to 'destruction' due to fire and in the event of the said building including the said ground floor flat being destroyed or damaged by fire the Vendor will be entitled to the proportionate share in the insurance money paid by the insurance company. The Vendor shall also pay to the Purchaser the proportionate share in the yearly premium payable to such company. 6.     The charges payable in respect of Water and Electricity in respect of the said flat or ground floor premises hereby retained by the vendor and excluded from the transfer to the purchaser will be borne by the Purchaser alone and the same if common to the whole building will be paid by the Purchaser and the Vendor proportionately. 7.     The Vendor shall also be liable to pay to the Purchaser proportion- ate expenses Incurred for common expenses by way of sweepers wages, watchmen's wages if any or otherwise as any may be required to be incurred for the maintenance and protection of the said building. 8.     The Vendor shall carry out promptly all maintenance and repair work of the said flat or ground floor premises which if omitted would he a danger to the other parts of the said building or any part thereof and will be responsible for the damages and liabilities that the Vendor's failure to do so may endanger or result. 9.     All the repairs to the Internal Installations of the said flat or ground floor premises hereby retained by the Vendor and not transferred to the purchaser such as water. light and gas, power sewage. telephones. airconditioners, sanitary installations, doors, windows, lamps and all other accessories belonging to or forming part of the said flat shall be at the expense of the Vendor. 10.  The Vendor shall not make any structural modifications or alterations in the said flat and the Installations located therein which will affect or damage any other portion of the said building without notifying the Purchaser in writing at least two weeks before the commencement of such work. 11.  The Purchaser shall permit the Vendor or his representative. when so required, to enter any part of the said land and building for the purpose of fixing any installations, making alterations or repairs to the said ground floor flat provided that such request for entry is made in advance and that such entry is convenient to the Purchaser except in case of emergency. 12.  The Vendor shall not install wiring for electrical or telephone Installation. television antenna, machinery or air-conditioning units etc., on the exterior parts of the said ground floor flat or in common areas without the consent of the Purchaser which will not be unreasonably refused. 13.  The Purchaser will also not carry out any structural repairs or modifications to the said building which will cause any damage to the said flat externally or internally unless such repairs or modifications are absolutely necessary for the maintenance of the building. 14.  Each of the parties will not do or cause to be done any act of omission or commission, which would cause nuisance or annoyance to the other. 15.  No expenses for repairs or other purposes mentioned above will be incurred without the prior notice to the Vendor and without his approval. 16.  If the Purchaser fails to carry out any repairs as agreed and which are required to be carried out or required by the Government or Municipality or other local authority within a reasonable time, the Vendor will be entitled to carry out the same and in that event the Purchaser will he liable to pay the proportionate part thereof to the Vendor. 17.  The proportion of the expenses and other liabilities mentioned above would mean the proportion which the total built up area on the said land bears to the built up area of the said flat or ground floor premises hereby transferred. 18.  The expression ‘Purchaser' or 'Vendor' used includes their respective heirs, executors administrators and assigns. 19.  Any amount payable by the Purchaser to the Vendor or by the Vendor to the Purchaser under these presents will be a charge on the portion of the said building belonging to him and such charge can be enforced by the other, by sale of such portion of the said property through court. 20.  All the agreements or covenants hereinbefore mentioned as given by the parties hereto to each other shall be attached to and run with their respective portions of the said property to which may relate. 21.  The Vendor shall continue to be the full owner of the said ground floor flat and subject to what is provided above his ownership will be veritable and transferable. II AND THE VENDOR HEREBY COVENANTS WITH THE PURCHASER AS FOLLOWS 1.     That the Vendor has in himself good right and full power to transfer the said land and the building thereon (excluding the ground floor flat as aforesaid) In the manner aforesaid. 2.     The Purchaser may from time to time and at all times hereafter peaceably and quietly enter upon and exclusively occupy or possess and enjoy the said premises conveyed to him as aforesaid with the appurtenances and receive the rents, Income and profits thereof if any for his own use and benefit without any suit lawful eviction or interruption, claim or demand whatsoever from or by the Vendor or his heirs, executors, administrators or assigns or by Any person or persons claiming or to claim from or in trust for them, or any of them. 3.     The Purchaser shall hold the said land and other premises hereby conveyed freely and clearly and absolutely exonerated and for ever released or. discharged or otherwise by the Vendor and well and sufficiently saved, defended kept harmless and Indemnified of, from or against all former and other estates, title, charges or encumbrances whatsoever made occasioned or suffered by the Vendor or by any other person or persons by, from, under, or, in trust for him. 4.     The Vendor and all persons having or claiming any estate, right, title or Interest in the said land and premises hereby transferred by, from under or in trust for the Vendor or his heirs, executors administrators or assigns or any of them shall and will from time to time and at all times hereafter at the request and cost of the Purchaser do and execute or, cause to be done and executed all such further and other lawful acts. deeds and things In the law whatsoever for the better and more perfectly and absolutely granting the said land and premises unto and to the use of the Purchaser in manner aforesaid as by the Purchaser. his heirs. executors or administrators or assigns shall be reasonably required. IN WITNESS WHEREOF the parties have put their hands the day and year first herein written. THE SCHEDULE ABOVE REFERRED TO (description of the property) Signed and delivered by withinnamed Vendor in the presence of ........ Signed and delivered by withinnamed Purchaser In the presence of

  • Sale of Property to Various Purchasers in Different Portions

    Sale of Property to Various Purchasers in Different Portions       i.        This Deed of Sale made at ................... this........... day of ..........…….., 2000, Between A, son of ............................... resident of ............................. (hereinafter called the Vendor) of the ONE PART and (i) Shri B, son of ........................................ resident of .......................      ii.        Shri C, son of .............................. resident of ....................     iii.        Shri D, son of ..................................... resident of ........................ (hereinafter collectively called the Purchasers) of the OTHER PART. Whereas the Vendor is the absolute owner of the property more particularly described in the Schedule 1 hereto. And Whereas the Vendor has agreed to sell to Purchasers the said property in different portions mentioned against the names of several Purchasers in column No. 2 of the Schedule 11 hereto and for the prices specified in column No. 3 thereof. THIS DEED OF SALE WITNESSETH that in pursuance of the said agreement and in consideration of the total sum of Rs. .................. paid by the Purchasers in the proportion mentioned against their names in Column 3 in the Schedule hereto before the Sub-Registrar at the time of registration of these presents (the receipt whereof the Vendor hereby acknowledges) the Vendor as sole and absolute owner hereby grants, conveys, transfers and sells to the purchasers all that property described in the Schedule 1 hereto with all lands, structures, other offices and other buildings attached hereto and all rights, interests, privileges and appurtenances held or enjoyed with or appurtenant to the same or reputed or known so to be TO HAVE AND TO HOLD the same unto the Purchasers in portions as specified against their names in column 2 of the Schedule 11 hereto and such portions shown in separate colours on the map hereto annexed. And The Vendor hereby covenants with the Purchasers that he or his heirs/legal representatives, executors or assigns will at all time hereafter a@ the request and cost of the Purchasers do and execute all such acts, things and deeds as may be reasonably required more effectively to transfer and assure the property hereby conveyed, transferred and sold to the Purchaser. IN WITNESS WHEREBY the parties have hereunto set and subscribed their respective hands on the day and year first aforementioned in the presence of: Schedule 1 above referred to (Description of property to be sold) Schedule 11 above referred to (Name of the purchasers, portions of the property the purchasers will purchase and the price paid by them) WITNESSES 1. Vendor ............................ 2. Purchaser ....................... Download Word Document In English. (Rs.15/-) Download PDF Document In Hindi. (Rs.15/-) Download PDF Document In Marathi. (Rs.15/-)

  • Deed of Conveyance in Favour of Mortgagee

    Deed of Conveyance in Favour of Mortgagee This Deed of Conveyance is made at ........ this ....... day of .... between Mr ........ A' residing at ........ hereinafter referred to as 'the vendor' of the One Part, and Mr 'B' residing at ........ hereinafter referred to as 'the Purchaser' of the Other Part. Whereas the Vendor is absolutely seized and possessed of or otherwise well and sufficiently entitled to the land and premises situate at ........ and more particularly described in the Schedule hereinafter written. And Whereas by a Deed of Mortgage dated the ........ day of ........ made between the Vendor (therein called the Mortgagor) of the One Part and the Purchaser (therein called the Mortgagee) of the Other Part and registered at the office of the Sub Registrar at ........ under serial No ......... of Book No. 1 on the ..... day of ........ the Vendor, in consideration of the sum of Rs ........ lent and advanced by the Purchaser as Mortgagee, granted and transferred the said land & premises into the Purchaser as Mortgagee as therein mentioned subject to the covenant for redemption therein contained and on the terms, powers & provisions therein provided. And Whereas there Is now due and owing by the Vendor as Mortgagor to the Purchaser as Mortgagee a sum of Rs ........ for principal and a sum of Rs ........ for interest aggregating to Rs ......... And Whereas the Vendor As unable to repay the said amount and, therefore, requested the Purchaser to purchase the said land and premises in consideration of the said sum of Rs ....... due and owing by the Vendor to the Purchaser and in full discharge of the said mortgage debt and which the latter has agreed to do in the manner following. And Whereas for the purposes of stamp duty the consideration /market value is fixed at Rs ........ NOW THIS DEED WITNESSETH that pursuant to the said agreement and in consideration of the said sum of Rs ........ due and payable by the Vendor as Mortgagor to the Purchaser as Mortgagee and in full discharge of the said mortgage debt the Vendor doth hereby grant and convey by way of sale unto the Purchaser the said land and premises more particularly described In the Schedule hereunder written TOGETHER WITH ALL the things permanently attached thereto or standing thereon and all the privileges, casements, profits, rights and appurtenances whatsoever to the said land and other premises hereby granted or any part thereof belonging or anywise appertaining thereto and All the estate, rights, title. interest, use, possession, benefit, claim and demand whatsoever in law or otherwise of the Vendor to the said piece of land and other the premises hereby conveyed and every part thereof TO HAVE AND HOLD the same unto and to the use and benefit of the Purchaser absolutely and forever to the Intent and purpose that the said mortgage in favour of the Purchaser as Mortgagee and the latter's, right, title and interest in the said land and premises as Mortgagee shall become fully merged In the title of the Purchaser as owner and in full discharge of the personal covenant to pay the mortgage debt and all other moneys payable under the said Deed of Mortgage by the vendor as mortgagor but subject to the payment of all rents, rates, taxes, assessments, dues and duties now chargeable and payable and that may become chargeable and payable from time to time hereafter in respect of the same to the Government or the Municipal Corporation of ........ or any other public body or local authority in respect thereof. AND THE VENDOR DOTH HEREBY CONVENANT WITH THE PURCHASER THAT 1.     The Vendor now has in himself good right and full power to convey and transfer by way of sale the said piece of land, and other the premises hereby conveyed or intended so to be unto and to the use of the Purchaser in the manner aforesaid. 2.     The Purchaser may from time to time and at all times hereafter peaceably and quietly enter upon, occupy, or possess and enjoy the said land, and premises hereby conveyed with their appurtenances, and receive the rents, issues and profits thereof and every part thereof for his own use and benefit without any suit, lawful eviction or interruption. claim and demand whatsoever from or by him the Vendor or his heirs or any of them or by any person or persons claiming or to claim, from, under or in trust for him or any of them. 3.     The Purchaser shall hold the said land and premises free and clear and freely and clearly and absolutely acquitted, exonerated, and forever released and discharged or otherwise by the Vendor including of the said Deed of Mortgage, and well and sufficiently saved, defended, kept harmless and indemnified of from and against all former and other estates, titles, charges and encumbrances whatsoever made occasioned and suffered by the Vendor or by any other person or persons claiming or to claim by from under or in trust for him. 4.     The Vendor and all persons having or claiming any estate, right, title or interest In the said land and premises hereby conveyed or any part thereof by. from, under or in trust for the Vendor or his heirs, executors, administrators and assigns or any of them shall and will from time to time and at all times hereafter at the request and costs of the Purchaser do and execute and cause to be done and executed all such further and other lawful acts, deeds, things, in law whatsoever for the better and more perfectly and absolutely granting the said land, and premises and every part thereof hereby conveyed unto and to the use of the Purchaser in manner aforesaid as by the Purchaser, his heirs. executors, administrators and assigns shall be reasonably required. IN WITNESS WHEREOF the Vendor has put his hand the day and year first hereinabove written. SCHEDULE ABOVE REFERRED TO (Description of the property) Signed And Delivered by the withinnamed Vendor ...... Shri .................. in the presence of ...... .. Download Word Document In English. (Rs.20/-) Download PDF Document In Hindi. (Rs.20/-) Download PDF Document In Marathi. (Rs.20/-)

  • Agreement to sell format for property sale

    Agreement to sell format for property sale. What is the format of Agreement to sale? How to make agreement to sell for property sale? Sample agreement to sell is given below. Please make necessary modification according to transaction type. This is only a draft format. AGREEMENT TO SALE This Agreement to Sale is executed at ___ on this _______between ___________________________________________________________, hereinafter called the  Party No.1 . AND Sh. __________________________________________________, hereinafter called the  Party No.2 . The expression of the party No.1 & 2, wherever they occur in the body of this agreement shall mean and include their respective heirs, legal representatives, successors, administrators, executors and assignees. Whereas Party No.1 is the bonafide allottee/owner in possession of property bearing number _________________________out of his bonafide needs and requirements, has agreed to sale the aforesaid flat for a sum of Rs.________________________ and Party No.2 has agreed to purchase the said flat from Party No.1. AND WHEREAS Party No.1 admits that the said amount of Rs.______ if the full and final payment in respect of the said property. The Party No.1 has represented to party No.2 that the said flat is self acquired flat of party No.1 in which her heirs successors, family members or any one else have no right, title, interest or concern of any nature whatsoever and as such Party No.1 is fully competent to enter into this agreement and transfer his all the rights in favour of Party No.2 on the terms and conditions agreed between the parties and are mentioned hereunder:_ NOW THIS AGREEMENT TO SALE WITNESSETH AS UNDER:- 1. That the total and entire sale consideration amount of Rs._______ of the flat has been received by party No.1 from Party No.2 vide separate legal receipt as per given details: Banker Cheque No______ Dated _____ issued in the name of Party No.1 and is drawn on _________________And on the receipt of the said amount the Party No.1 admits that nothing remains due from Party No.2.However, all the statutory dues and expenses will be borne by Party No.2 including the Stamp duty on the registration of conveyance Deed. Party No.1 will hand over the vacant possession of the aforesaid flat to Party No.2.immediately thereafter. 2. That Party No.1 assures Party No.2 that the aforesaid flat is free from all sorts of encumbrances such as prior sale, gifts, mortgage, litigation, disputes, stay orders, attachments, notifications, acquisitions, charges, liens, sureties, securities, HUF, Benami, ownership or any other registered or unregistered encumbrances and if this fact is found otherwise as a result of which a part or whole of the aforesaid flat goes out from the hands of Party No.2 then Party No.1 will indemnify the loss thus suffered by Party No.2. 3. That party No.1 has undertaken and agreed not to create any disputes or encumbrances in respect of possession or ownership of the said flat in future. 4. That Party No.1 has also executed an irrevocable General Power of Attorney and Special Attorneys in respect of the said flat in favour of Party No.2 and all these attorney Deeds shall remain irrevocable in future, Party No.1 has also executed various other court documents in favour of Party No.2 and all these document namely, Will, Receipt, Indemnity Bond etc. shall also remain irrevocable under all circumstances. 5. That Party No.1 admits its liability that in case of any encumbrances or in case the allotment gets cancelled then Party No.1 admits its liability to pay the amount of Rs.________________ apart from interest and damages to Party No.2 and also apart from the refund of the amount of Rs.__________________ being paid under this agreement to sale. 8. That the Party No.1 has agreed to communicate the Party No.2, the necessary requirements required to be complied for execution and Registration of conveyance Deed as well as handing over the possession etc. 9. That Party No.1 will have no objection if Party No.2 transfer all rights vested in her vide this Agreement to any one else or gets the sale effected in her name or in the name of her nominee. 10. That Party No.1 shall not violate any of the terms and conditions of this agreement in future failing which Party No.2 will have a right to enforce this agreement through a competent court by a suit for specific performance or otherwise at the costs, risks and consequences of Party No.1. 11. That the Party No.1 admits that he has been left with no rights, titles, interest or concern of any nature whatever in the aforesaid flat. 12. That Party No.1 has also executed a General Power of Attorney in respect of the said flat so as to conclude the sale after the registration of Conveyance Deed of the said flat in her favour or in favour of her nominee. 13. That in fact after receiving the entire sale consideration of Rs. ____from Party No.2 and after Party No.2 has paid/deposited the entire balance consideration amount the Party No.2 has not to do any other act except the same if conveyed by the Party No.1 as such Party No.2 shall be entitled to get the conveyance Deed executed either from Party No.1 or if permissible at any point of time and period of limitation shall not be applicable in the transaction. 14. That the Party No.1 admits that this agreement to sale shall remain irrevocable and Party No.1 shall not revoke or cancel the same in future in any circumstances. IN WITNESS WHEREOF both the parties have signed this agreement in the presence of the following witnesses: PARTY NO.1 PARTY NO.2 WITNESSES: 1. 2.   Download Word Document In English. (Rs.30/-) Download PDF Document In Marathi. (Rs.30/-)

  • Agreement for Sale of Goods (C.I.F. Basis)

    Agreement for Sale of Goods (C.I.F. Basis) This Agreement is made at ... this ... day of ... between M/s. A B & Co. Ltd., a company registered under the (English) Companies Act and having Its registered Office at ... London. hereinafter referred to as the 'Seller' of the one part and M/s. X Y & Co. Ltd., a Company registered under the (Indian) Companies Act, 1956. and having its registered office at ... hereinafter referred to as 'the Buyer' of the Other Part; 1.     The Seller agrees to sell to the Buyer and the Buyer agrees to buy from the Seller, synthetic rubber of... tons... quantity at the price of... sterling per ton (hereinafter referred to as the said 'goods') C.I.F. for December - January shipment. 2.     The Seller- will engage space in a ship at the port of shipment and Intimate the name of the ship and her expected date of arrival in any port in India. 3.     The Seller will enter into a contract of affreighment with the owner of the ship for transporting and delivery of the said goods at the port of... in India. The Buyer shall also obtain a Policy of Insurance for the value of the said goods upon the current terms and make out an invoice. 4.     The Buyer shall open a Letter of Credit through its Bankers for the agreed price of the goods and including the freight, insurance and other charges in favour of the Seller's Banker viz... 5.     The Seller shall ship the goods in the ship and despatch the documents relating to the said goods namely the contract of affreighment, insurance policy, invoice. bills of lading etc. to Its Bankers at the port of arrival. 6.     The said documents duly endorsed in favour of the Buyer will be handed over to the Buyer's Bankers against encashment of the Letter of Credit and the Buyer will receive the same from Its Bankers to enable the Buyer to get the goods cleared at the port of arrival. Such delivery of documents will be deemed to be delivery of the goods to the Buyer and thereafter the goods will be at the risk of the Buyer. 7.     If the said goods are short delivered or are not according to the quantity or quality agreed upon the Buyer, he will be entitled to claim compensation for the loss suffered by it due to short delivery or breach of warranty and the Seller will be liable to make good the loss. 8.     If the goods are not shipped by the Seller within the shipment period mentioned above, the Buyer will have the option either to cancel this contract or to extend the period. If the contract is not cancelled within two weeks from the last date of shipment, the Buyer shall be deemed to have agreed to an extension of a reasonable period for shipment. 9.     It will he the responsibility of the Buyer to obtain license for the Import of the goods In its country and to pay all the custom duties, import duties and other clearance charges for clearing the goods from the ship and carrying them to its factory or godown. 10.  Similarly it will be the responsibility of the seller to take out an export License if required by the law of its country and to pay all charges for transport and shipment of the said goods. 11.  The seller shall inter to the contract at is own expense for the carriage of the goods to the port of destination namely - by the usual route In a seagoing ship for the transport of the said goods. 12.  The seller shall obtain at is own costs cargo Insurance for the price of the goods plus 10% so that the buyer shall able to the claim directly from the insurance provide the buyer with the Insurance policy or other evidence of insurance cover. The insurer shall be of good reputed and the Insurance shall be in accordance with maximum cover of the cargo clauses embed by the institute of undeprescribed writers. The declaration of the insurance shall be from the delivery of the goods on board the ship at the port of shipment namely ..... 13.  The seller shall he responsible for all the risk of loss of damage to the goods until such time as they have the passed the ships rail at the said port of shipment. The seller shall also bar the risk to the goods until they have been delivered as aforesaid including costs of loading the goods on boat the ship and charges for unloading at the port of discharge which may be levied by the shipping line when contracting for carriage and also pay all customs charges for exportation as will as all duties taxes and other Government charges payable on exportation. 14.  The seller shall give sufficient notice that the goods have been delivered on board the ship as will as any other notice required to allow the buyer to take measures necessary to unable him to take delivery of the goods. 15.  The buyer shall pay all costs relating to the good from the time they have been delivered to the ship and pay all costs and charges relating to the goods whilst in transit until her arrival and other charges and duties and taxes payable at the port of discharge. 16.  If any dispute arises between the parties in respect of this contract of whatsoever nature or if any claim by one against the other is disputed the same will be referred to arbitration under the Bye-laws of the ... Association in London. Sd/- Seller Sd/- Buyer. Download Word Document In English. (Rs.20/-) Download PDF Document In Marathi. (Rs.20/-)

  • Deed of Conveyance of Freehold Property

    Deed of Conveyance of Freehold Property This Deed of Conveyance is made at ........... this ....... .... day of ............. between Mr. 'A' of ........... (hereinafter referred to as 'the Vendor'), of the One Part, and Mr. 'B' of ............. (hereinafter referred to as 'the Purchaser') of the Other Part., Whereas the Vendor is absolutely seized and possessed of or otherwise well and sufficiently entitled to the land and premises situate at ..... and more particularly described In the Schedule hereunder written. And Whereas the Vendor has agreed to sell the said property to the Purchaser at the price of Rs . ..... and has received from the Purchaser a sum of Rs. ... as earnest money on the execution of the agreement for sale. And Whereas the Purchaser has requested the Vendor to execute these presents which he has agreed to do, And Where as the consideration /market value on which stamp Is payable on this deed is Rs ...... and stamp duty is paid accordingly. NOW THIS DEED WITNESSETH; That pursuant to the said agreement and in consideration of the sum of Rs .......... paid as earnest money and of the sum of Rs ....... paid on or before the execution of these presents, making together the said sum of Rs .............. by the Purchaser to the Vendor (receipt whereof the Vendor hereby admits). He, the Vendor Doth hereby convey and transfer by way of sale unto the Purchaser all that piece of land with the building and structures standing thereon situate at ......... In the Registration Sub-District of .......... and more particularly described in the Schedule hereunder written and delineated on the Plan thereof hereto annexed by red coloured boundary line TOGETHER WITH ALL the things permanently attached thereto or standing thereon and all the privileges, easements, profits, advantages, rights and appurtenances whatsoever to the said land and other the premises or any part thereof belonging or anywise appertaining thereto And ALL the estate, right, title, Interest, use, possession, benefit, claim and demand whatsoever at law or otherwise of the Vendor to the said piece of land and other the premises hereby conveyed and every part thereof TO HOLD the same unto and to the use and benefit of the Purchaser absolutely and for ever, subject to the payment of all rents, rates, taxes, assessments, dues and duties now chargeable and payable and that may become chargeable and payable from time to time hereafter In respect of the same to the Government or the Municipal Corporation or Council of ........... or any other public body or local authority in respect thereof. AND the Vendor doth hereby covenant with the Purchaser that, 1.     the Vendor now has in himself good right and full power to convey and transfer by way of sale the said piece of land, and other the premises hereby conveyed or Intended so to be unto and to the use of the Purchaser in the manner aforesaid. 2.     the Purchaser may from time to time and at all times hereafter peaceably and quietly enter upon, occupy. or possess and enjoy the said land. and premises hereby conveyed with their appurtenances, and receive the rents, issues and profits thereof and every part thereof for his own use and benefit without any suit, lawful eviction or interruption, claim and demand whatsoever from or by him the Vendor or his heirs or any of them or by any person or persons claiming or to claim, from, under or in trust for him or any of them., 3.     the Purchaser shall hold the said land and premises free and clear and freely and clearly and absolutely exonerated, and forever released and discharged or otherwise by the Vendor and well and sufficiently saved, defended. kept harmless and indemnified of. from and against all former and other estates, titles, charges and encumbrances whatsoever made occasioned and suffered by the Vendor or by any other person or persons claiming or to claim by, from, under or in trust for him; 4.     the Vendor and all persons having or claiming any estate, right, title or Interest In the said land, and premises hereby conveyed or any part thereof by, from. under or in trust for the Vendor or his heirs, executors, administrators or any of them shall and will from time to time and at all times hereafter at the request and costs of the Purchaser do and execute and cause to be done and executed all such further and other lawful acts, deeds, things, whatsoever for better and more perfectly and absolutely granting the said land, and premises and every part thereof hereby conveyed unto and to the use of the Purchaser in manner aforesaid as by the Purchaser, his heirs, executors or administrators and assigns shall be reasonably required. IN WITNESS WHEREOF the Vendor has put his hand the day and year first hereinabove written. THE SCHEDULE ABOVE REFERRED TO (Description of the Property) SIGNED AND DELIVERED BY THE Vendor Mr ....... in the presence of RECEIVED the day and year first hereinabove written from the abovenamed Purchaser the sum of Rs ........ which together with the sum of Rs.... ..... received as earnest money as aforesaid makes up the sum of Rs.. . ........ being the full consideration to be paid by him to me. Witness I say received. Vendor. Download Word Document In English. (Rs.20/-) Download PDF Document In Marathi. (Rs.20/-)

  • Agreement for Sale of an Apartment

    Agreement for Sale of an Apartment Download Word Document In English. (Rs.50/-) Download PDF Document In Hindi. (Rs.50/-) Download PDF Document In Marathi. (Rs.50/-) This Agreement made at ....................... this .............. day of .............., 2000 between A, son of .............................. resident of ........................ hereinafter referred to as the Vendor of the ONE PART and B, son of ................... resident of .................... hereinafter referred to as the Purchaser of the OTHER PART. Whereas the Vendor is absolutely seized and possessed of the land bearing Plot No............................ situated at ………………….................. and hereinafter referred to as the said land and more particularly described in the Schedule 1 hereunder written; And Whereas the Vendor proposes to develop the said land and for that purpose obtained permission of the Competent Authority under section ........... of the Urban Land (Ceiling and Regulation) Act vide his Order No ......................... dated .......................; And Whereas the Vendor has submitted the building plans to the .................... Municipal Corporation, which have been approved by the .................... Municipal Corporation vide letter No ............................ dated ............. subject to certain conditions laid down in the said letter; And Whereas the Vendor has started the construction of the buildings as per the building plans approved by the .................... Municipal Corporation enclosed herewith at Annexure 1; And Whereas the Vendor has agreed to sell one apartment on the ............... floor in the building No................. being constructed and having the specifications mentioned in the Schedule 11 hereunder written at a price of Rs ................... (Rupees ................................. subject to the terms and conditions hereinafter appearing. And Whereas the Purchaser has inspected the documents relating to the land, the order of the Competent Authority, site plans approved by the .................... Municipal Corporation and is satisfied about the Vendor's title to the said property and the site plans of the proposed buildings; And Whereas the title of the Vendor to the said property has been certified to be clear, marketable and free from encumbrances by M/s. ................................. Solicitors and Advocates................... and a copy of the said title certificate is hereto annexed at Annexure II ; And Whereas the Vendor has agreed to sell and the Purchaser has agreed to purchase the Apartment No……………..on the............. floor in the building No.................... hereinafter referred to as the said Apartment on the following terms and conditions. Now this Agreement Witnesseth and it is Hereby Agreed by and Between the Parties as Follows: 1.     The Vendor shall construct the said building on the said plot of land, more particularly described in the Schedule 1, in accordance with the plans, designs and specifications approved by the .................... Municipal Corporation and which have been seen and approved by the Purchaser and kept by the Vendor at the office of M/s. ...................... Architects at ......................... for inspection. The Vendor shall be entitled to make such variations and modifications as he may consider necessary or as may be required by the .................... Municipal Corporation of the Government of …………….. or any local authority. 2.     The Vendor agrees to sell and the Purchaser agrees to purchase the Apartment No.......................... on ........... floor in the building No ................ of Carpet Area admeasuring ............. sq. metres as delineated on the plan thereof hereto annexed and marked Annexure Ill and thereon shown surrounded by green coloured boundary line at or for a sum of Rs ........... (Rupees ......................... ). The Purchaser agrees that out of the said amount of Rs ................... to be paid by him to the Vendor, a sum of Rs............ has been paid by the Purchaser to the Vendor on the execution of these presents (the payment and receipt the Vendor doth hereby admit and acknowledge) and the balance will be paid by installment as follows: 1.     Rs .......................... on or before .......................... 2.     Rs .......................... on or before .......................... 3.     Rs .......................... on or before .......................... 4.     Rs .......................... being the final balance on the delivery of the apartment by the Vendor to the purchaser. the amounts payable under these presents are not paid within the time stipulated, the Purchaser will be liable to pay interest at the rate of 18% per annum from the due date of payment to the date of payment. 3.     The Vendor shall deliver the possession of the apartment to the Purchaser on or before ................... day of ..............., 2000. The vendor shall obtain the completion and occupation certificate in respect I the said apartment from the .................... Municipal Corporation. The purchaser shall take possession of the apartment within one week of ) a receipt of the notice of the Vendor to the Purchaser that the said apartment is ready for use and occupation and that the completion certificate and occupation certificate has been obtained from the .................... Municipal Corporation; Provided that the Vendor shall be entitled to reasonable extension time for delivery of possession of the Apartment on the aforesaid ate, if the completion of the said building is delayed on account of non- availability of steel, cement, other building material, water or electric supply or on account of war, civil commotion or act of God or any notice, order, rule, notification of the Government, .................... Municipal Corporation and/or other public or competent authority or on account of non-issue of building completion or occupation certificate - water or electricity connection or on account of any order of any Court affecting the construction work of the building. he Vendor will deliver the possession of the apartment to the Purchaser only if the Purchaser has paid all the amounts payable by him under this Agreement to the Vendor and if he has duly observed and performed all obligations and stipulations contained in this Agreement and on his part to be observed and performed. 4.     The Purchaser hereby declares and undertakes that he shall have no claim, save and except in respect of the said Apartment hereby agreed to be purchased by him and the Vendor shall continue to be entitled to the property in all the structures on the said land, open spaces, parking places, lobbies, staircases, lifts, terrace, etc., until all the apartments are transferred to the purchasers and the Declaration of Deeds of Apartment is executed and the condominium is formed as provided in the ………….. Apartment Ownership Act. 5.     Till the Purchaser takes the possession of the Apartment, the Purchaser shall be liable to pay a sum of Rs . ................. per month as his share on account of rates, taxes, assessments, dues, duties and impositions of any kind or nature whatsoever in respect of the said land or the building constructed thereon or any part thereof payable to the Government of ...................., .................... Municipal Corporation or any other authority and wages of watchmen, sweepers, mali, and other expenses of common benefit. After the Purchaser takes the possession of the Apartment, he shall be liable to contribute proportionate share for common expenses as aforementioned, as decided by the Association of the Apartment Owners from time to time. 6.     The Vendor agrees that he shall comply with the provisions of section 10 of the .................... Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963 (hereinafter referred to as the .................... Apartment Ownership Flats Act, 1963) and the .................... Apartment Ownership Act, 1970 and shall execute a Declaration as provided by section 11 of the .................... Apartment Ownership Act, 1970 and register it with the Registering Officer under Indian Registration Act and the Purchaser hereby agrees that he shall join and form an association of all the apartments in the said building as contemplated by the .................... Apartment Ownership Act. 7.     The Vendor shall convey and assign all rights, title and interest in each apartment to each purchaser after the completion of building and on receipt of all payments, price, deposits payable by the Purchasers to the Vendor in respect of all apartments/car parking spaces and other premises in the said building. 8.     The Purchaser shall on or before the delivery of possession of the said apartment keep deposited with the Vendor a sum of Rs. ................. towards legal charges, expenses of formation of Association and execution of these presents and other documents a required to be executed. The Purchaser shall also be liable to pay expenses on account of stamp duty and registration charges in respect of the Deed of Apartment. 9.     Any delay or indulgence on the part of the Vendor in enforcing any of the terms of this Agreement or any forbearance or giving time by the Vendor to the Purchaser shall not be considered as a waiver on the part of the Vendor and he shall be entitled to take action against the Purchaser for the breach or non-compliance of any terms and conditions of this Agreement by the Purchaser. 10.  The Purchaser shall not be entitled to let, mortgage, create charge or assign the said Apartment, pending the transfer of apartment, to him without the consent of the Vendor in writing. etc. 11.  The Purchaser shall use the apartment or any part thereof or permit the same to be used only for the purpose of residence and the Purchaser hereby covenants with the Vendor as follows.- a.     He shall maintain the apartment at his own cost in good tenantable repair and condition from the date of taking over possession of the apartment and shall not do or suffered to be done anything in or to the building in which the apartment is situated, staircase or any passage which may be against the rules, regulations, or bye-laws of .................... Municipal Corporation or any other authority or change/alter or make addition in or to the building in which the apartment is situated and the apartment itself or any part thereof. b.    He shall not demolish or cause to be demolished the apartment or any part thereof nor at any time make or cause to be made any addition or alteration of whatever nature in or to the apartment or any part thereof. c.     He shall observe and perform all the rules and regulations which the Association of Apartment Owners may adopt at its inception and the additions, alterations or amendments thereof that may be made from time to time for protection and maintenance of the said building and the apartments therein. The Purchaser shall also observe and perform all the stipulations and conditions laid down by the Association of Apartment Owners regarding the occupation and use of the Apartment in the building and shall pay and contribute regularly and punctually towards the taxes, assessments, dues, duties and impositions, expenses or other outgoings in accordance with the terms of this Agreement. 13.  The Vendor hereby covenants with the Purchaser as under:- a.     Subject to the Purchaser paying all sums payable to the Vendor under this Agreement and performing and observing the terms and conditions of this Agreement, the Purchaser shall be entitled to peaceably hold and enjoy the Apartment without any interference or obstruction by the Vendor on any person claiming under or in trust for the Vendor. b.    The Vendor shall maintain a separate account in respect of sums received by the Vendor from the Purchasers of the Apartments as advance or deposit sums received on account of the legal charges and execution of other documents required to be executed, and shall utilise the amounts only for the purposes for which they have been received and after transfer of the said property, the balance amounts shall be paid and transferred by the Vendors to the flat purchasers. c.     The Vendor shall pay all outgoings, including ground rent, taxes, assessments, dues, duties, impositions and outgoings upto the date of delivery of the possession to the flat owners and transfer of the building is complete. 14.  The Deed of Apartment shall be made and executed by the Vendor, and other persons having any right or interest in the said property. 15.  If before the completion of transfer of the building, the building including the apartment is notified by the Government under the Land Acquisition Act or any other law for the time being in force for acquisition or requisition, the Purchaser shall not be entitled to cancel this agreement and in case of acquisition of the building including the said apartment, the Purchaser shall be entitled to a proportionate part of the compensation if and when awarded by the Government or any other authority. If the said apartment is requisitioned by the Government or any other authority, the Purchaser shall be entitled to the compensation awarded by the requisitioning authority in respect of the apartment. 16.  This Agreement shall not be construed as a grant, demise or assignment in law of the said apartment or of the said land and building or any part thereof. 17.  The Purchaser shall execute a Deed of Declaration in the prescribed form along with or prior to the execution of Deed of Apartment to the effect that he submits his apartment to the provisions of the .................... Apartment Ownership Act. 18.  The Sale of the said Apartment shall be subject to the provisions of .................... Apartment Ownership Act and rules made thereunder. 19.  The Vendor shall be entitled to construct additional building or buildings in the said land, if any additional Floor Space Index (FSI) becomes available before the completion of the transfer of the said )and with buildings and allowed by the .................... Municipal Corporation and the Vendor shall be authorised to sell the same and the Purchaser will not be entitled to any right, benefit or interest on the same. 20.  All notices to be served on the Purchaser as contemplated by this Agreement shall be deemed to have been duly served to the Purchaser by Registered Post A.D. at his address specified below:              Viz ......................................                   -------------------------------                    …………………………… 21.  This Agreement shall be executed in triplicate. The original copy shall be lodged for registration by the Purchaser and the vendor shall admit execution before the Sub-Registrar and the Second and Third copy shall be retained by the Purchaser and vendor respectively. The original copy of this Agreement will be received by the Purchaser from the Registrar as and when ready after registration. IN WITNESS WHEREOF the parties hereto have hereunto put their respective hands the day and year first hereinabove mentioned. The Schedule I above referred to The Schedule II above referred to Annexure I Annexure II Annexure Ill Signed and delivered by the within named Vendor Signed and delivered by the within named Purchaser WITNESSES; 1. 2.

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