SALES - Legal Drafting in English

Download property sale templates for India including agreements for sale, sale by co-owners, guardian's sale, POA sales, leasehold rights, and joint purchaser deeds.

Quick Overview

This SALES templates collection offers professionally drafted formats for property sale transactions in India. It includes agreements for sale, sale deeds by co-owners, short-form house sale deeds, guardian-executed sales for minors, sale by power of attorney holders, sale to multiple purchasers, transfer of leasehold rights, and deeds for selling different portions of a property. Each template is prepared in accordance with Indian contract and property laws, suitable for residential, commercial, and leasehold property transfers. These formats ensure clarity in rights, consideration, and possession terms, facilitating legally compliant property transactions.

All templates are provided for reference and should be reviewed by legal professionals before use.

FAQs

What is an agreement for sale?

An agreement for sale is a preliminary contract between seller and buyer outlining terms, conditions, and payment details before executing a registered sale deed.

How is a sale deed different from an agreement for sale?

An agreement for sale contains promises to transfer property in the future subject to conditions, while a sale deed is an executed document transferring ownership.

What is included in a sale by co-owners deed?

It records the joint sale of undivided property shares by all co-owners to the purchaser, confirming title, consideration, and possession transfer clauses.

Can a certificated guardian sell a Hindu minor's property?

Yes, but only with prior permission from the district court, and the deed must disclose the authority and ensure the sale is for the minor’s benefit.

What is a sale deed by attorney?

It is executed by a person holding a registered power of attorney from the property owner, transferring the property to the buyer on the owner’s behalf.

How is sale of leasehold rights documented?

The deed transfers the seller’s leasehold interest in property to a buyer for the remaining lease term, subject to the original lease conditions.

Can one property be sold to multiple buyers?

Yes, deed formats exist for selling different portions to different purchasers or undivided shares to multiple buyers paying equally.

Is registration of sale deeds mandatory in India?

Yes, under the Registration Act, 1908, all transactions involving immovable property worth over ₹100 must be registered for legal validity.

What details must a sale deed include?

It must have property description, seller and buyer details, sale consideration, payment mode, possession date, and covenants on title and encumbrances.

Can a sale deed be executed for a property under mortgage?

Yes, but the mortgage must be disclosed, and the sale is often subject to the charge unless discharged at or before completion.