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Exclusivity and Standstill Letter

At a glance

Price
₹99 · GST included
Stamp duty
Binds the seller not to market the property for the stated period — chargeable under Article 5, Sch.I-A, a small fixed duty.
Registration
Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA).
Witnesses
Not required for a preliminary letter.

₹99

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

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Also called

  • property exclusivity letter
  • buyer standstill agreement
  • no-shop property letter

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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Why you need it

When you need it

For a short period where the seller must stop shopping the property elsewhere while you spend on title review, valuation or loans. States the period, what's barred, diligence duties, any deposit, and exit terms — avoiding an excessive penalty (s.74 caps stipulated sums). Doesn't sell the property or grant possession.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Binds the seller not to market the property for the stated period — chargeable under Article 5, Sch.I-A, a small fixed duty. Buy the e-stamp before signing (s.17); get the figure from the tehsil Sub-Registrar or an e-stamp vendor.

Registration

Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA). The eventual agreement/conveyance is assessed on its own terms.

Notarisation

Not required; doesn't replace stamping or registration where needed.

Witnesses

Not required for a preliminary letter. For a binding term sheet or exclusivity/cost-sharing deal, two witnesses help.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

EXCLUSIVITY AND STANDSTILL LETTER
1. PERIOD

This letter is dated 1 April 2026. Harpreet Singh gives Aarav Sharma exclusivity concerning Plot 218, Eco City 1, New Chandigarh, Punjab (Apartment): Residential plot measuring approximately 300 sq yd in Eco City 1. from 2 April 2026 to 3 April 2026, stated as 15 day(s).

Indicative transaction price for context: ₹2,25,00,000 (Rupees Two Crore Twenty Five Lakh only).

2. SELLER STANDSTILL

Seller restriction: Seller will not solicit, negotiate or enter a competing property sale with another buyer during the exclusivity period.

3. BUYER DILIGENCE

Buyer duty: Proceed diligently with title, finance and documentation review.

4. EXCLUSIVITY DEPOSIT

Fee/deposit status: No exclusivity fee is paid. Refund rule: Refund if no definitive agreement is signed by expiry unless buyer breaches the stated diligence duty.

5. EARLY END, CONFIDENTIALITY AND REMEDIES

Early end: By mutual written agreement. Confidentiality: Transaction terms and diligence material shared only with professional advisers/lenders who need them. Remedy rule: Only legally recoverable loss/reasonable compensation; no automatic penalty is created.

Questions about this document

Does the Exclusivity and Standstill Letter need stamp paper or stamp duty in Punjab and Chandigarh?

Binds the seller not to market the property for the stated period — chargeable under Article 5, Sch.I-A, a small fixed duty. Buy the e-stamp before signing (s.17); get the figure from the tehsil Sub-Registrar or an e-stamp vendor.

Does the Exclusivity and Standstill Letter need registration in Punjab and Chandigarh?

Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA). The eventual agreement/conveyance is assessed on its own terms.

What does the Exclusivity and Standstill Letter cost on Kaagazaat?

₹99, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Exclusivity and Standstill Letter need witnesses?

Not required for a preliminary letter. For a binding term sheet or exclusivity/cost-sharing deal, two witnesses help.

Often needed with this document

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