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Deed Of Sale Of Condominium Unit
"I need a Deed of Sale of Condominium Unit for a 3BHK apartment in Mumbai, with a staged payment structure where 20% is paid on signing and the remaining 80% to be paid by March 2025, including provisions for parking space and club house access."
1. Parties: Identification and details of the Vendor/Seller and Purchaser/Buyer, including names, addresses, and legal capacity
2. Background: Recitals explaining the ownership history, development context, and intention to sell
3. Definitions: Definitions of key terms used throughout the deed
4. Property Description: Detailed description of the condominium unit, including unit number, floor area, boundaries, and share in common areas
5. Consideration: Purchase price, payment terms, and acknowledgment of receipt
6. Transfer of Ownership: Express words of transfer and warranties of title
7. Representations and Warranties: Seller's declarations regarding property title, encumbrances, and compliance with laws
8. Rights and Obligations: Rights transferred and obligations assumed regarding common areas, facilities, and association membership
9. Possession: Terms of delivering physical possession and associated conditions
10. Registration and Expenses: Responsibilities for registration, stamp duty, and other transfer expenses
11. Governing Law: Specification of Indian law as governing law and jurisdiction details
12. Execution: Formal execution clause and witness provisions
1. Mortgage Details: Required if the property has an existing mortgage that needs to be discharged
2. Power of Attorney: Include when either party is acting through an authorized representative
3. Third Party Rights: Needed when there are existing tenants or other third-party interests
4. Defect Resolution: Include for new properties to address construction defects and warranty periods
5. Tax Indemnity: Include when specific tax implications need to be addressed
6. Pending Litigation: Required if there are ongoing legal disputes affecting the property
1. Schedule A - Property Details: Detailed technical description of the unit, including exact measurements and boundaries
2. Schedule B - Common Areas: List and description of common areas and facilities, including ownership share
3. Schedule C - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Schedule D - Title Documents: List of title documents and chain of ownership
5. Schedule E - Amenities: List of included amenities and facilities specific to the unit
6. Schedule F - Encumbrances: Details of any existing encumbrances, if any
7. Appendix 1 - Floor Plan: Architectural plan showing the exact location and layout of the unit
8. Appendix 2 - Society Rules: Copy of applicable society/association rules and regulations
Authors
Apartment
Appurtenances
Association
Building
Bye-Laws
Common Areas
Common Facilities
Completion Certificate
Consideration
Condominium
Deed
Developer
Encumbrances
Floor Area
Housing Society
Limited Common Areas
Maintenance Charges
Managing Committee
Occupancy Certificate
Parking Space
Parties
Property
Purchaser
RERA
Rules and Regulations
Schedule
Seller
Share in Common Areas
Sinking Fund
Society
Super Built-up Area
Title Documents
Transfer Date
Unit
Undivided Share
Vendor
Sale Consideration
Payment Terms
Title Transfer
Possession
Representations and Warranties
Rights and Obligations
Common Areas
Property Usage
Transfer Expenses
Registration
Stamp Duty
Society Membership
Maintenance
Utilities
Property Tax
Insurance
Encumbrances
Indemnification
Force Majeure
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Binding Effect
Further Assurance
Real Estate
Legal Services
Banking & Finance
Construction
Property Development
Property Management
Housing & Urban Development
Legal
Real Estate
Compliance
Property Management
Documentation
Contracts Administration
Risk Management
Corporate Affairs
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Real Estate Transaction Manager
Title Officer
Contract Administrator
Real Estate Paralegal
Housing Society Manager
Property Documentation Specialist
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