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Agreement to Sell- Immovable Property

{For recording terms and conditions of sale agreed between buyer & seller}

2950

An Agreement to Sell constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which the property is to be sold and the future date of full payment. An Agreement to Sell precedes a Sale Deed and is a base document on which a sale deed is drafted.

 

Being an important document in the sale transaction, it enables the process of sale to go through without any hurdles. All the terms and conditions included in the agreement to sell must be understood thoroughly by both the parties and obeyed throughout the sale process till the time the sale deed is made.

 

An Agreement to Sell does not confer/ transfer title of the property onto buyer, the same happens only when a sale deed is executed.

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Features of Agreement to Sell

  • description of property
  • title of the property
  • earnest money to be paid by buyer
  • payment of balance sale consideration
  • time frame for execution of sale deed

Registration of Agreement to Sell

Normally, Agreement to Sell is not required to be registered. But in some states, registration may be required depending upon the bye laws.

Note :-

  • Draft template will be provided in soft copy
  • Extra charges will apply for customized document