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A Full Payment Agreement of Property is essential for property transactions in India where the buyer pays the entire purchase price in one payment, rather than through installments. This document is used when both parties want to execute a straightforward property transfer without complicated payment structures. It must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and state-specific property laws. The agreement includes crucial details such as property specifications, payment terms, warranties, and transfer conditions. It's particularly important for establishing clean title transfer and protecting both parties' interests in high-value transactions. The document serves as the foundation for the subsequent sale deed registration and is often required by banks, property registrars, and other authorities as proof of the transaction terms.

1. Parties: Identification and details of the seller and purchaser, including names, addresses, and legal capacity to contract

2. Background: Context of the transaction, including brief property history and intention to sell/purchase

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

4. Property Details: Comprehensive description of the property being sold, including its location, boundaries, and registration details

5. Consideration: Full payment amount and payment terms

6. Transfer of Title: Terms regarding the transfer of property ownership from seller to purchaser

7. Seller's Representations and Warranties: Seller's declarations regarding property ownership, encumbrances, and legal status

8. Purchaser's Representations and Warranties: Purchaser's declarations regarding financial capacity and compliance with laws

9. Completion: Details of the completion process, including timing and documentation requirements

10. Registration and Stamp Duty: Obligations regarding registration of the sale deed and payment of stamp duty

11. Possession: Terms for handling over physical possession of the property

12. Expenses: Allocation of costs related to the transaction

13. Notices: Process for sending formal communications between parties

14. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction

15. Execution: Signature blocks and execution formalities