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1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and legal capacity
2. Background: Establishes the context of the sale and the seller's ownership/right to sell the property
3. Definitions: Defines key terms used throughout the agreement for clarity and precision
4. Property Details: Comprehensive description of the property being sold, including location, boundaries, and measurements
5. Sale Consideration: Specifies the agreed purchase price and payment terms, including installment schedule if applicable
6. Payment Terms: Details the mode, timing, and conditions of payment
7. Possession: Specifies when and how possession will be transferred to the buyer
8. Title and Encumbrances: Declarations regarding property title clearance and existing encumbrances
9. Seller's Representations: Warranties and representations made by the seller regarding the property
10. Buyer's Representations: Confirmations and undertakings by the buyer
11. Completion: Details of the completion process and timeline
12. Default and Remedies: Consequences of default by either party and available remedies
13. Governing Law: Specifies Indian law as governing law and jurisdiction details
14. Execution: Signature blocks and execution formalities
1. Force Majeure: Include when parties want to address unforeseen circumstances that may affect contract performance
2. Assignment: Include when transfer of rights under the agreement needs to be addressed
3. Broker/Agent: Include when a broker or agent is involved in the transaction
4. Development Rights: Include for properties with unused development potential or TDR
5. Existing Tenancies: Include when the property has existing tenants
6. Joint Ownership: Include when the property will be purchased by multiple buyers
7. Loan/Mortgage: Include when the purchase involves bank financing
1. Property Schedule: Detailed property description, including floor plans and measurements
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Documents: List of title documents and their copies
4. Encumbrance Certificate: Recent encumbrance certificate details
5. Property Tax Records: Details of property tax payments and outstanding dues
6. Approvals and Permissions: List of relevant governmental approvals and permissions
7. Property Photographs: Current photographs of the property and its features
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Risk Management
Asset Management
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Finance
Sales
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Title Officer
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