- DEED OF SALE
-
THIS DEED OF SALE
made at ___ this ___day of___2001
BETWEEN___hereinafter referred to as the VENDOR
(which expression shall mean and include his/
her heirs, successors, administrators, executers,
assigns) of the ONE PART; AND ___hereinafter
referred to as the 'PURCHASER' (which
expression shall mean and include his/ her heirs,
successors, executors, administrators and
assigns)
WHEREAS the Vendor
is the absolute owner, in possession of property
bearing no..... which is fully described in the
schedule hereunder written and hereinafter
referred to as the "Schedule Property."
AND WHEREAS the
Vendor herein is desirous of selling the schedule
property and the purchaser is desirous of buying
the same on the terms and conditions below
mentioned.
NOW THIS DEED
OF SALE WITNESSES AS UNDER:
1. In
consideration of a sum of Rs___ (Rupees___only)
paid by the Purchaser to the Vendor by Demand
Draft /Cheque bearing No.___ dated___ drawn on
___Bank, the Vendor, as the absolute owner in
possession of the schedule property bearing
No___, do hereby sells, conveys, transfers the
right, title and interest of the property,
absolutely and free from all encumbrances in
favour of the purchaser herein along with the
rights, privileges and appurtenances of
whatsoever nature in or to the schedule property
together with all rights, title, interests,
claims and demands of whatsoever nature of the
vendor herein to or upon the schedule property
hereby conveyed and every part thereof to hold
the same unto the purchaser absolutely.
2. The Vendor
assures the Purchaser that he/she is the absolute
owner in actual and exclusive possession of the
schedule property having a marketable title
thereto and that no other person has any right,
title or interest in or upon the schedule
property and the Vendor doth hereby for himself,
his heirs, executors and administrators covenant
with the Purchaser that notwithstanding any act,
deed, matter or thing whatsoever by the vendor,
or any person or persons lawfully or equitably
claiming from, under or in trust for him, made,
done, omitted or executed, knowingly or willingly
suffered to the contary, he the vendor now hath
in himself good right and absolute power to
grant, release, convey and assure the said
schedule property unto and to the use of the
purchaser in the manner mentioned herein.
3. The Vendor
hereby undertakes to unconditionally indemnify
the Purchaser against any defect in the title or
against any claim or demand whatsoever in respect
of the schedule property including the
costs/expenses of litigations, if any, that may
be incurred by the purchaser to defend his/ her
title to the schedule property
4. The Vendor
shall pay and bear all taxes, cesses, rates and
other outgoings including debts, if any, in
respect of the schedule property prior to the
date of this deed.
5. The Vendor has
this day put the Purchaser in possession of the
schedule property and he / she has also
handed over to the purchaser all the documents of
title pertaining to the schedule property along
with a list thereof.
6. The Vendor
further undertakes to execute at the cost of the
Purchaser such other and further documents
in favour of the Purchaser, to more perfectly
convey the schedule property.
7. The Vendor
further covenants that the schedule property is
free from all encumbrances and is not the subject
matter of any proposed or existing acquisition,
requisition or reservation proceedings by
any Public Body.
SCHEDULE OF THE PROPERTY
IN WITNESS
WHEREOF, the vendor has signed and executed this
deed of absolute sale on the day, the month and
the year first mentioned above.
- SIGNED,
SEALED AND DELIVERED
- by the
withinnamed Vendor Mr.___
- in the
presence of Mr. _____________
- SIGNED,
SEALED AND DELIVERED
- by the
withinnamed Purchaser Mr.___
- in the
presence of Mr. _____________
- NOTE:
- 1
If the sale consideration is above 5
lakhs then clearance certificate from the
Income Tax Authority under Section,230A
of the Income Tax is required to be
obtained by the Vendor.
- 2.
Whenever applicable NOC under Chapter XXC
of the Income Tax Act to be obtained.
- 3.
The document, has to be stamped in
accordance with the applicable Stamp Act
and registered if value exceeds Rs.100/-.
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