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The Private Property Sale Agreement is a fundamental legal document used in Indian real estate transactions for transferring ownership of immovable property between private parties. This agreement is essential when any individual or entity wishes to sell or purchase property in India, whether residential or commercial. It must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and various state-specific property laws. The document typically includes crucial details such as property description, sale price, payment terms, warranties, and completion obligations. It requires proper stamping and registration at the Sub-Registrar's office to be legally enforceable. The agreement serves as the primary evidence of the transaction and protects both parties' interests by clearly defining their rights and obligations.

1. Parties: Identifies and provides full details of the seller and purchaser, including names, addresses, and legal capacity

2. Background: Contains recitals explaining the context of the sale, the seller's ownership, and the parties' intention to enter into the transaction

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

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

5. Sale Consideration: Specifies the agreed purchase price, payment terms, and method of payment

6. Payment Schedule: Details the timeline and breakdown of payments to be made by the purchaser

7. Seller's Representations and Warranties: Statements and guarantees about the property's title, encumbrances, and legal status

8. Purchaser's Representations and Warranties: Confirms purchaser's capacity and authority to enter into the agreement and make payments

9. Conditions Precedent: Lists conditions that must be satisfied before completion of the sale

10. Completion Obligations: Details the actions required by both parties to complete the transaction

11. Possession: Terms regarding the handover of physical possession of the property

12. Registration and Transfer: Obligations regarding property registration and transfer of title

13. Expenses and Taxes: Allocation of costs, stamp duty, registration fees, and other transaction-related expenses

14. Governing Law and Jurisdiction: Specifies applicable law and courts having jurisdiction

15. Notices: Method and addresses for serving legal notices between parties

16. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

17. Dispute Resolution: Mechanism for resolving disputes between parties