The Simple Land Purchase Contract serves as a fundamental legal instrument for real estate transactions in India, essential for both individual and corporate property acquisitions. This document is typically used when parties seek to execute a straightforward land purchase without complex development rights or multiple contingencies. It encompasses all necessary elements required by Indian property law, including property description, consideration, transfer terms, and statutory compliance requirements. The contract ensures adherence to the Transfer of Property Act, Registration Act, and state-specific property laws while providing a clear framework for the transaction's completion. It's particularly suitable for transactions involving vacant land, agricultural property, or straightforward plot transfers where the primary objective is a clean transfer of ownership.
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1. Parties: Details of the seller and purchaser including full legal names, addresses, and status (individual/company)
2. Background: Brief context of the transaction and property ownership history
3. Definitions: Key terms used throughout the agreement including 'Property', 'Purchase Price', 'Completion Date', etc.
4. Property Details: Brief description of the property being sold (detailed description in Schedule)
5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment schedule
6. Completion: Details of the completion process, timing, and requirements
7. Seller's Representations and Warranties: Seller's confirmations regarding property title, encumbrances, and legal status
8. Property Possession: Terms regarding handover of physical possession and associated conditions
9. Registration and Expenses: Responsibilities for registration costs, stamp duty, and other transaction expenses
10. Governing Law and Jurisdiction: Specification of Indian law as governing law and relevant jurisdiction
1. Environmental Matters: Required when property has specific environmental considerations or obligations
2. Agricultural Land Conversion: Needed when property requires conversion from agricultural to non-agricultural use
3. Power of Attorney: Include when either party is acting through an authorized representative
4. Outstanding Dues: Required when addressing pending utility bills, property tax, or other liabilities
5. Third Party Rights: Necessary when dealing with existing tenancies or other third-party interests
6. Development Rights: Include when transferring or reserving development rights or TDR
7. Force Majeure: Optional clause for dealing with unforeseen circumstances affecting completion
1. Schedule 1 - Property Description: Detailed property description including boundaries, measurements, and survey numbers
2. Schedule 2 - Title Documents: List of title documents and chain of ownership papers
3. Schedule 3 - Property Documents: List of property tax receipts, utility bills, and other relevant documents
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
5. Appendix A - Property Plans: Approved site plans, building plans, and location maps
6. Appendix B - Encumbrance Certificate: Recent encumbrance certificate from relevant authority
7. Appendix C - NOCs: Copies of necessary No Objection Certificates from relevant authorities
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Agriculture
Industrial
Commercial
Retail
Hospitality
Healthcare
Education
Manufacturing
Logistics
Infrastructure
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Operations
Business Development
Corporate Affairs
Risk Management
Finance
Land Acquisition
Relevant Roles
Real Estate Manager
Property Lawyer
Legal Counsel
Land Acquisition Manager
Property Developer
Real Estate Agent
Compliance Officer
Property Manager
Real Estate Investment Manager
Business Development Manager
Company Secretary
Operations Director
Chief Legal Officer
Property Rights Specialist
Land Records Officer
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