SALE DEED
This SALE DEED ("Deed") is made and executed on this ____________ at ____________, Sri Muktsar Sahib, Punjab.
BY AND BETWEEN
____________, S/o ____________, aged about ____________ years, occupation ____________, resident of ____________, hereinafter referred to as the "VENDOR" (which expression shall, unless repugnant to the context or meaning thereof, include his/her heirs, legal representatives, executors, administrators, successors and assigns) of the ONE PART;
AND
____________, S/o ____________, aged about ____________ years, occupation ____________, resident of ____________, hereinafter referred to as the "VENDEE" (which expression shall, unless repugnant to the context or meaning thereof, include his/her heirs, legal representatives, executors, administrators, successors and assigns) of the OTHER PART.
The Vendor and the Vendee are hereinafter collectively referred to as the "Parties" and individually as a "Party".
RECITALS
WHEREAS the Vendor is the absolute owner, seized and possessed of and otherwise well and sufficiently entitled to the property more particularly described in the Schedule hereunder written (hereinafter referred to as the "Scheduled Property"), having acquired the same by way of ____________ vide prior registered deed bearing document No. ____________ dated ____________;
AND WHEREAS the Vendor is in lawful, peaceful and vacant possession and enjoyment of the Scheduled Property and has a clear and marketable title thereto, free from all reasonable doubts;
AND WHEREAS the Vendor has agreed to sell, transfer and convey the Scheduled Property and the Vendee has agreed to purchase the same, free from all encumbrances, for a total sale consideration of Rs. ____________/- (Rupees ____________) on the terms and conditions hereinafter appearing.
NOW THIS DEED WITNESSETH AS FOLLOWS:
- SALE CONSIDERATION AND RECEIPT: In consideration of the sum of Rs. ____________/- (Rupees ____________) paid by the Vendee to the Vendor by way of ____________ (____________), bearing transaction/instrument No. ____________ dated ____________, the receipt of which entire sale consideration the Vendor hereby admits, acknowledges and confirms and forever discharges the Vendee from the payment thereof, the Vendor doth hereby grant, sell, convey, transfer, assign and assure unto the Vendee the Scheduled Property.
- CONVEYANCE: The Vendor hereby conveys, transfers and assigns unto the Vendee ALL THAT the Scheduled Property together with all rights, liberties, privileges, easements, appurtenances, benefits and advantages whatsoever appertaining thereto, TO HAVE AND TO HOLD the same unto the Vendee absolutely and forever, as full and absolute owner.
- DELIVERY OF POSSESSION: The Vendor has this day, on ____________, delivered vacant, peaceful and physical possession of the Scheduled Property to the Vendee, and the Vendee is henceforth entitled to hold and enjoy the same without any let, hindrance, interruption, claim or demand whatsoever from the Vendor or any person claiming through, under or in trust for the Vendor.
- TITLE COVENANT: The Vendor covenants with the Vendee that the Vendor has a good, clear, absolute and marketable title to the Scheduled Property and has full right, power and absolute authority to sell, convey and transfer the same in the manner aforesaid.
- FREE FROM ENCUMBRANCES: The Vendor covenants that the Scheduled Property is free from all sorts of encumbrances, charges, mortgages, liens, gifts, attachments, prior agreements to sell, acquisition or requisition proceedings, save and except ____________.
- NO LITIGATION: The Vendor declares that there is no suit, litigation, claim, dispute or legal proceeding pending or threatened in respect of the Scheduled Property, save and except ____________.
- INDEMNITY: The Vendor hereby indemnifies and agrees to keep the Vendee fully indemnified and harmless against all losses, costs, damages, claims and demands that the Vendee may suffer or incur on account of any defect in the title of the Vendor or any breach of the covenants and declarations herein contained.
- DUES AND OUTGOINGS: The Vendor confirms that all taxes, rates, cesses, assessments and other government and municipal dues in respect of the Scheduled Property have been paid and cleared up to the date of execution of this Deed (____________). All such dues, taxes and outgoings accruing after the date hereof shall be borne and paid by the Vendee.
- MUTATION: The Vendor shall render all necessary co-operation and shall execute all such documents as may be required to enable the Vendee to get the Scheduled Property mutated and transferred in his/her name in the records of the concerned revenue, municipal and other authorities.
- DELIVERY OF DOCUMENTS: The Vendor has handed over to the Vendee all the original title deeds, documents and papers relating to the Scheduled Property in the Vendor's possession or power.
- FURTHER ASSURANCE: The Vendor shall, whenever required by the Vendee, execute and register any further deed, document or assurance as may be reasonably necessary to more perfectly convey and assure the Scheduled Property unto the Vendee.
- STAMP DUTY AND REGISTRATION: The stamp duty, registration charges and all incidental expenses in connection with this Deed shall be borne and paid by the ____________.
SCHEDULE OF PROPERTY
ALL THAT piece and parcel of ____________ bearing No. ____________, Block ____________, Sector ____________, admeasuring ____________ sq. mtrs., situated at ____________, and bounded as follows:
On the East by: ____________
On the West by: ____________
On the North by: ____________
On the South by: ____________
IN WITNESS WHEREOF the Parties hereto have set and subscribed their respective hands to this Sale Deed on the day, month and year first hereinabove written, in the presence of the witnesses attesting hereunder.
WITNESSES:
1. ____________, ____________
2. ____________, ____________
VENDOR
____________
Name: ____________
Date: ____________
VENDEE
____________
Name: ____________
Date: ____________
