AGREEMENT TO SELL A BUILDER FLOOR
Signed at __________ on __________.
BETWEEN
__________, __________, of __________ (the "Seller")
AND
__________, __________, of __________ (the "Buyer")
Where more than one person is named as Seller or as Buyer, each of them is bound by this agreement jointly and separately, and each must sign it.
- 1. THE FLOOR AND THE LAND SHARE
- 2. TITLE
- 3. PRICE AND PAYMENT
Every payment will be made by bank transfer, cheque or demand draft, so that it can be traced, and not in cash.
Where the law requires the Buyer to deduct tax at source from the price, the Buyer will deduct it, deposit it within the time allowed and give the Seller the certificate. The tax so deposited counts as payment of that much of the price, and the Seller will give the PAN needed for it.
- 4. SALE DEED AND POSSESSION
The Seller will pay all property tax, electricity, water, sewerage and maintenance dues on the Floor up to the day possession is handed over, and the Buyer will pay them after that day.
Until the sale deed is registered, the Seller will not sell, mortgage, lease or otherwise part with the Floor or create any right or charge over it.
- 5. IF A SIDE FAILS TO GO THROUGH WITH THE SALE
This agreement is governed by Indian law, and the courts at __________ have jurisdiction over it.
SIGNED BY THE PARTIES
Seller: __________
Buyer: __________