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Deed Of Sale Of House Rights

Deed Of Sale Of House Rights Template for India

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Key Requirements PROMPT example:

Deed Of Sale Of House Rights

"I need a Deed of Sale of House Rights for selling my 2-bedroom apartment in Mumbai to an NRI buyer, with completion planned for March 2025, including specific clauses about foreign exchange compliance and power of attorney arrangements."

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Document background
The Deed of Sale of House Rights is a crucial legal instrument in Indian property law that facilitates the transfer of residential property ownership. This document is essential when selling or purchasing any residential property in India, whether it's an independent house, apartment, or other residential units. The deed must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and relevant state-specific property laws. It serves as conclusive proof of the transfer of property rights and includes comprehensive details about the property, parties involved, consideration, and terms of sale. The document is mandatory for property registration and must be executed on appropriate stamp paper as per state stamp duty regulations. When drafting a Deed of Sale of House Rights, special attention must be paid to local property laws, encumbrances, society regulations (if applicable), and any specific requirements of the state where the property is located.
Suggested Sections

1. Parties: Details of the seller(s) and purchaser(s) including full names, addresses, and legal capacity to contract

2. Background: Brief history of property ownership, reason for sale, and context of the transaction

3. Definitions: Definitions of key terms used throughout the deed

4. Property Description: Detailed description of the property being sold including address, boundaries, and measurements

5. Title and Ownership Declaration: Seller's declaration of clear title and right to sell the property

6. Consideration: Purchase price, payment terms, and acknowledgment of receipt

7. Transfer of Rights: Express transfer of ownership and all associated rights to the purchaser

8. Possession: Terms and timing of handing over physical possession

9. Seller's Covenants: Warranties and representations by the seller regarding the property

10. Purchaser's Covenants: Obligations and commitments of the purchaser

11. Registration and Expenses: Responsibilities for registration costs, stamp duty, and other expenses

12. Governing Law: Specification of Indian law as governing law and jurisdiction

13. Execution: Signature clauses and witness requirements

Optional Sections

1. Encumbrances: Details of any existing mortgages, liens, or encumbrances - include if property has any registered charges

2. Power of Attorney: Required if any party is acting through an attorney

3. Society Membership: Transfer of society membership details - required for apartment/flat sales

4. Third Party Rights: Description of any existing tenancies or third-party rights - include if applicable

5. Tax Clearance: Property tax payment status and clearances - include if required by local authorities

6. Foreign Exchange Compliance: FEMA compliance details - required if buyer is NRI/foreign national

Suggested Schedules

1. Schedule A - Property Details: Comprehensive property description including exact measurements, boundaries, and built-up area

2. Schedule B - Title Documents: List of all title documents and chain of title

3. Schedule C - Payment Schedule: Detailed breakdown of payment terms and installments if applicable

4. Schedule D - Inventory: List of fixtures and fittings included in the sale

5. Appendix 1 - Property Plans: Approved building plans, site maps, and layout drawings

6. Appendix 2 - Permissions: Copies of relevant permits, NOCs, and governmental approvals

7. Appendix 3 - Tax Receipts: Property tax and utility bill payment receipts

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


































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Relevant Industries

Real Estate

Banking & Financial Services

Legal Services

Construction

Property Development

Housing & Urban Development

Property Management

Investment & Asset Management

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Documentation

Finance

Risk Management

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Real Estate Agent

Property Developer

Compliance Officer

Title Officer

Real Estate Transaction Manager

Property Registration Officer

Housing Society Manager

Real Estate Investment Manager

Property Documentation Specialist

Real Estate Finance Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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