EXTENSION OF TIME UNDER AN AGREEMENT TO SELL
Harpreet Singh, of House 118, Sector 35-A, Chandigarh, and Aarav Sharma, of House 211, Sector 21, Panchkula, are the parties to this instrument.
Seller contact: +91 98150 12345 / harpreet@example.com. Buyer contact: +91 98765 43210 / aarav@example.com.
- ORIGINAL AGREEMENT
The parties refer to Agreement to Sell dated 01 August 2026 for House 52, Sector 8, Chandigarh. This extension is executed on 2 April 2026.
Original completion date: 1 April 2026. New completion date: 3 April 2026.
- REASON FOR EXTENSION
Reason: Seller title/loan closure condition remains pending.
- EFFECT OF EXTENSION
New date treatment: The extended date is material and any further extension must be written. Earlier-default waiver: Only delay up to the new date is waived; accrued rights not expressly waived survive.
Extension compensation: No separate extension charge is payable.
Price: Sale consideration remains unchanged. Possession: Possession position remains exactly as under the original agreement. Other terms: All other terms remain unchanged.
- CONTINUING AGREEMENT
Section 54 of the Transfer of Property Act, 1882 treats a contract for sale as an agreement that a sale will take place on settled terms; the contract does not by itself create an interest in or charge on the property. The final transfer of ownership must occur through the legally required conveyance/registered instrument.
Except for the written extension and additional changes expressly stated, the original agreement continues. A further oral extension should not be assumed from continued negotiation or delayed attendance at registration.