Sale Agreement Format India

AGREEMENT FOR SALE

THIS AGREEMENT FOR SALE is made and executed at [City] on this [DD] day of
[Month], 20[YY].

BETWEEN

[Seller's Full Name], son/daughter/wife of [Father's or Husband's Name], aged
[Age] years, PAN [XXXXXXXXXX], residing at [Seller's Complete Address, City,
State – PIN], hereinafter referred to as "the VENDOR" (which expression shall
include his/her heirs, executors, administrators and assigns) of the ONE PART;

AND

[Buyer's Full Name], son/daughter/wife of [Father's or Husband's Name], aged
[Age] years, PAN [XXXXXXXXXX], residing at [Buyer's Complete Address, City,
State – PIN], hereinafter referred to as "the PURCHASER" (which expression shall
include his/her heirs, executors, administrators and assigns) of the OTHER PART.

WHEREAS:

A. The Vendor is the absolute owner in possession of the immovable property
   described in the Schedule hereunder written ("the Schedule Property"), having
   acquired the same under [Sale Deed / Partition Deed / Allotment] dated
   [DD/MM/YYYY], registered as Document No. [XXXX] of [Year] with the
   Sub-Registrar, [Location].

B. The Vendor has agreed to sell and the Purchaser has agreed to purchase the
   Schedule Property free from all encumbrances, on the terms and conditions
   recorded below.

NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:

1. SALE CONSIDERATION
   The total sale consideration is Rs. [Amount] (Rupees [Amount in words] only).

2. PAYMENT SCHEDULE
   (a) Rs. [Amount] paid as earnest money on or before the date of this Agreement
       by [cheque / NEFT] bearing reference [XXXXXXXXXX] dated [DD/MM/YYYY], the
       receipt of which the Vendor hereby acknowledges;
   (b) Rs. [Amount] payable on or before [DD/MM/YYYY];
   (c) The balance of Rs. [Amount] payable at the time of execution and
       registration of the Sale Deed.

3. COMPLETION
   The Sale Deed shall be executed and registered on or before [DD/MM/YYYY]
   ("the Completion Date"), time being of the essence of this Agreement.

4. TITLE AND ENCUMBRANCES
   The Vendor covenants that the Schedule Property is free from all encumbrances,
   charges, liens, mortgages, attachments, litigation, acquisition and
   requisition proceedings, and that the Vendor has an absolute, clear and
   marketable title thereto. The Vendor shall produce all original title deeds,
   an encumbrance certificate for the last [NN] years, the latest property tax
   receipts and, where applicable, the approved building plan and occupancy
   certificate for the Purchaser's inspection.

5. POSSESSION
   Vacant and peaceful possession of the Schedule Property shall be delivered to
   the Purchaser on the date of registration of the Sale Deed.

6. DEFAULT
   (a) If the Purchaser fails to complete the purchase within the time stipulated
       without lawful cause, the Vendor may forfeit [the earnest money /
       Rs. [Amount]] and this Agreement shall stand cancelled.
   (b) If the Vendor fails to complete the sale within the time stipulated
       without lawful cause, the Vendor shall refund the amounts received
       together with interest at [X]% per annum, without prejudice to the
       Purchaser's right to seek specific performance of this Agreement.

7. OUTGOINGS AND TAXES
   All property taxes, maintenance charges, electricity and water dues and other
   outgoings in respect of the Schedule Property up to the date of registration
   shall be borne by the Vendor, and thereafter by the Purchaser.

8. STAMP DUTY AND REGISTRATION
   The stamp duty, registration charges and incidental expenses of the Sale Deed
   shall be borne by [the Purchaser / as mutually agreed].

9. DISPUTE RESOLUTION
   Any dispute arising out of or in connection with this Agreement shall be
   subject to the exclusive jurisdiction of the courts at [City].

SCHEDULE OF PROPERTY

All that piece and parcel of [land / flat / house] bearing [Survey / Plot /
Flat No.], admeasuring [Area] square feet / square metres, situated at [Complete
Address], within the registration district of [District] and sub-district of
[Sub-District], bounded as follows:

   On the North by : [Boundary]
   On the South by : [Boundary]
   On the East by  : [Boundary]
   On the West by  : [Boundary]

IN WITNESS WHEREOF the parties hereto have set their respective hands on the day,
month and year first hereinabove written.

VENDOR                                         PURCHASER

[Signature]                                    [Signature]
[Seller's Full Name]                           [Buyer's Full Name]

WITNESSES:

1. [Signature]                                 2. [Signature]
   Name    : [Witness 1 Name]                     Name    : [Witness 2 Name]
   Address : [Address]                            Address : [Address]

[Stamp duty on an agreement for sale is set by each State. Register the
agreement if possession is handed over under it (Registration Act s. 17(1A)),
and check the title documents and encumbrance certificate before signing.]