Kaagazaat

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Agreement to Sell with Instalment Terms

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  1. The seller and the buyer
  2. The property
  3. The price and the instalments
  4. Possession, default and the sale deed
  5. Witnesses

Step 1 of 5

The seller and the buyer

For example: Chandigarh

For example: Harpreet Singh

For example: Son of Sh. Gurdev Singh

What is the seller's full address?Needed

For example: Aarav Sharma

For example: Son of Sh. Gurdev Singh

What is the buyer's full address?Needed
More details — you may leave these

A calendar date — the day, the month and the year. Dates in a document like this are read against one another, so a date typed here can change what another date is allowed to be.

For example: ABCDE1234F

Every registered co-owner must sign, so list all of them here.

A long answer. Several lines are fine, and a break you make between paragraphs is the break the document keeps.

For example: ABCDE1234F

A long answer. Several lines are fine, and a break you make between paragraphs is the break the document keeps.

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AGREEMENT TO SELL WITH INSTALMENT TERMS

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. 1. THE PROPERTY
  1. 2. THE PRICE AND THE INSTALMENTS

Where the law requires the Buyer to deduct tax at source from a payment, 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.

  1. 3. POSSESSION BEFORE THE SALE DEED

From that date the Buyer will pay the property tax, electricity, water, sewerage and maintenance charges, will keep the Property in good repair, and will not sell, sub-let, mortgage or part with it, or make structural changes to it, without the Seller's written consent. The Seller will not sell, mortgage or create any right over the Property in favour of anyone else while this agreement is in force.

  1. 4. THE SALE DEED
  1. 5. IF THE BUYER STOPS PAYING
  1. 6. IF THE SELLER FAILS TO GO THROUGH WITH THE SALE

If the Buyer has paid as agreed and the Seller does not sign the sale deed, or sells or charges the Property to anyone else, the Buyer may ask the court to make the sale go through, or to order the Seller to refund everything paid with interest and to pay compensation for the loss, as the law allows.

  1. 7. REGISTRATION OF THIS AGREEMENT

Because possession is given to the Buyer under this agreement, the parties will present it together for registration to the Sub-Registrar who has jurisdiction over the Property within the time allowed. This agreement is governed by Indian law, and the courts at __________ have jurisdiction over it.

SIGNED BY THE PARTIES

Seller: __________

Buyer: __________

The rest stays out of view until every answer is in.

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