Page 187 - DMGT512_FINANCIAL_INSTITUTIONS_AND_SERVICES

Financial Institutions and Services

Notes
Example:
……………………………………………………………….

Agreement to Sell
This AGREEMENT TO SELL is executed at New Delhi, on this ……………………………. day of
……………………………. by and between;

Sh. ……………………………. S/o ……………………………. R/o …………………………….
hereinafter called "THE FIRST PARTY".

IN FAVOUR OF

Sh. ……………………………. S/o ……………………………. R/o …………………………….,
hereinafter called "THE SECOND PARTY".
The expression of the terms the 'FIRST PARTY' and the 'SECOND PARTY' wherever they occur
in the body of this Agreement to Sell, shall mean and include them, their legal heirs, successors,
legal representatives, administrators, executors, transferee(s), beneficiary(ies), legatee(s),
probatee(s), nominees and assignee(s).

AND WHEREAS the FIRST PARTY for his bonafide needs and requirements have agreed to sell,
convey, transfer and assign to the SECOND PARTY and the SECOND PARTY has agreed to
purchase the along with proportionate, undivided, indivisible and impartible ownership
rights in the said freehold land underneath the said building measuring
……………………………. square yards, bearing No. ……………………………., situated at
……………………………., with all rights, title and interest, easements, privileges and
appurtenances thereto, with all fittings, fixtures, electricity and water connections,
structure standing thereon, with all rights in common driveway, entrances, passages,
staircase and other common facilities and amenities provided therein, hereinafter referred
to as "THE SAID PORTION OF THE SAID PROPERTY" for a total sale consideration of .
……………………………. (Rupees ……………………………. …………………………….).

NOW THIS AGREEMENT TO SELL WITNESSETH AS UNDER:

That in consideration of the sum of . ……………………………./- (Rupees
…………………………….), out of which a sum of . ……………………………./- (Rupees
…………………………….…………………………….), as advance money has been received by
the FIRST PARTY from the SECOND PARTY, in the following manner; the receipt of which the
FIRST PARTY hereby admits and acknowledges and the remaining balance sum of . ;/
- (Rupees …………………………….), will be received by the FIRST PARTY from the SECOND
PARTY, at the time of registration of the Sale Deed, the FIRST PARTY do hereby agree to
grant, convey, sell, transfer and assign all his rights, titles and interests in the said portion of
the said property, fully described above, together with proportionate undivided, indivisible
and impartible ownership rights in the freehold land underneath the said building to the
SECOND PARTY, on the terms and conditions herein contained provided that nothing herein
stated shall confer or deemed to have conferred upon the SECOND PARTY exclusively any
right or title to the common driveway, passages, staircase, overhead water tanks, sewers, water
meters and other common facilities to the exclusion of the FIRST PARTY and or the SECOND
PARTY or owners or occupants of the other units of the said building.

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