Home
Thursday, February 9, 2012
   
AGREEMENT TO SELL

=Page 2=

 

 

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

 
www.virtualreality.pk