AGREEMENT TO SELL PERSONAL PROPERTY

 

 

THIS AGREEMENT made and executed at this _________day of _________, 19__ by and between ____________________having its principal place of business at______ (hereinafter referred to as the "Seller", 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 ONE PART AND ____________________having its principal place of business at______ (hereinafter referred to as the "Buyer", 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 Seller is the owner of the property situated at___ more particularly described in the schedule mentioned herein under, is absolutely seized and possesed of and otherwise well and sufficiently entitled to all that piece and parcel of ground or land, hereditaments and premises together with the structures standing thereon.

 

AND WHEREAS the Seller has agreed with the Buyer for the absolute sale by him the Seller to the Buyer of the said premises free from all encumbrances at and for the price of Rs.___

 

AND WHEREAS the Buyer has paid to the Seller the sum of Rs.___ on the __day of __2001 and by way of and being deposit or earnest money in pursuance and furtherence of the said agreement

 

NOW IT IS AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

 

1. Seller agrees to sell, and Buyer agrees to buy the following described property

2. Buyer agrees to pay to Seller and Seller agrees to accept as total purchase price the sum of Rs__________, payble as follows:

Rs________deposit herewith paid

Rs________balance payable on delivery by cash or bankers cheque

3. Seller warrants it has good and legal title to said property, full authority to sell said property, and that said property shall be sold by warranty bill of sale free and clear of all liens, encumbrances, liabilities and adverse claims of every nature and description whatsoever.

4. Said property is sold in "as is" condition, Seller disclaiming any warranty of merchantability, fitness or working order or condition of the property except that it shall be sold in its present condition, reasonable wear and tear expected.

5. The parties agree to transfer title on________________, 19____, at the address of the Seller.

 

IN WITNESS WHEREOF the said parties hath set their hands at ___ the day and year first hereinabove written.

THE SCHEDULE

SIGNED, SEALED AND DELIVERED

by the within named Seller__

in the presence of __

SIGNED, SEALED AND DELIVERED

by the within named Buyer__

in the presence of __

 

 

RECEIVED THE day and year first hereinafter

written of and from the Buyer the sum of Rs.___

which together with the sum of Rs.___on the day

of___2001 as earnest money, makes in the

aggregate the sum of Rs.___ being the full

consideration money abovementioned to be by

it/him paid to me Rs.______

 

I/We say Received

 

SELLER

two witnesses 

ABSOLUTELY NO WARRANTIES ARE MADE REGARDING THE SUITABILITY OF THESE FORMS FOR ANY PARTICULAR PURPOSE. IT IS ADVISABLE THAT IMPORTANT DOCUMENTATIONS ARE PREPARED OR VETTED BY EXPERT. LEGAL ADVICE OF ANY NATURE SHOULD BE SOUGHT FROM COMPETENT, INDEPENDENT, LEGAL EXPERT IN THE RELEVANT JURISDICTION.