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WHEREAS the Vendor abovenamed
is seized, possessed of and is otherwise well and sufficiently entitled
to all that Plot of land bearing No._______________________________________________________________________________________________________
__________________________________________________________________________________________________________
____________________________________________________________________
hereinafter referred to as the ‘SAID PROPERTY.
AND WHEREAS the Vendor has agreed
to sell/transfer and the Vendee has agreed to purchase the said
property for a total sale consideration of Rs.__________________________________________________________________________________________
free from all claims, liens, charges and encumbrances whatsoever.
NOW THEREFORE THIS AGREEMENT
WITNESSETH AS UNDER:-
1. That the Vendor has this day
received from the Vendee a sum of Rs._______________________________________________________________________________________________________
________________________________________________________________________________________
vide Cheque/Payorder No.________________Dated_______________ drawn
on____________________________________________________ being the
advance/partpayment towards the sale consideration of the said property,
receipt of which the Vendor doth hereby fully admit and acknowledge.
2. That the balance payment of
Rs. ____________________________________ shall be paid by the Vendee
to the Vendor on or before ___________________________________________herein
at the time of signing of verification of Transfer Documents in
favour of the Vendee or his/her nominee of the above said plot before
the concerned Officer of __________________________________________
3. That the Vendee will provide the photocopies of payorders of
the balance payment to the Vendor on one day before the verification
of transfer documents.
4. That the Vendor shall be liable
to pay all dues, NUF, Ground Rent, new imposed Development Charges,
debts and taxes in respect of the said property upto the date of
verification of transfer documents and from the date thereof the
same shall be borne by the Vendee.
5. That the Vendor covenants with
the Vendee that the said property is his/her own, separate, exclusive,
individual and absolute property which is free from all sorts of
claims, liens, demands, charges and encumbrances whatsoever and
the Vendor has good right, full power and lawful authority to sell
the same to the Vendee.
6. That the Vendor hereby allows
to Vendee to invite objection through publication in the news paper
regarding purchase of the said property and the Vendor undertakes
to remove such objection (if any) at his/her own cost at risk, prior
to the date of final payment and fully satisfy to the Vendee..
7. That in case at any later
stage it is found that the title and rights of the Vendor were legally
defective and there were found any impediments in the transfer in
favour of the Vendee, the Vendor hereby undertake and agree to fully
secure and indemnify the Vendee against all accruing losses, claims,
demands, dues, litigations, objections, suffered or paid by the
Vendee owing to in-accuracy of the matters relating to the Sale
of the said property.
Contd…p/3
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