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Land Sales Contract (Real Estate)
"I need a Land Sales Contract (Real Estate) for selling my residential property in Bangalore, India to an individual buyer, with completion scheduled for March 2025 and payment to be made in three installments."
1. Parties: Details of the seller(s) and purchaser(s), including full legal names, addresses, and status (individual/company)
2. Background: Context of the transaction, brief property history, and seller's ownership basis
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property being sold, including boundaries and measurements
5. Sale Consideration: Purchase price, payment terms, and schedule of payments
6. Mode of Payment: Specified methods of payment and banking details
7. Completion Timeline: Timeline for transaction completion and key milestone dates
8. Seller's Representations and Warranties: Seller's declarations regarding property title, encumbrances, and legal status
9. Purchaser's Representations and Warranties: Purchaser's declarations regarding financial capacity and compliance
10. Title Documents: List of title documents to be provided and verification process
11. Registration and Stamp Duty: Responsibilities for registration and payment of stamp duty
12. Possession: Terms and conditions for handling over property possession
13. Costs and Expenses: Allocation of transaction costs between parties
14. Default and Remedies: Consequences of default and available remedies
15. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
16. Notices: Process for sending and receiving formal communications
17. Execution: Signature blocks and witness requirements
1. Power of Attorney: Required when any party is acting through an authorized representative
2. RERA Compliance: Required for newly constructed properties or ongoing projects
3. Foreign Exchange Provisions: Required when any party is an NRI or foreign national
4. Society Approval: Required for apartments or properties in housing societies
5. Agricultural Land Conversion: Required when dealing with agricultural land being converted for non-agricultural use
6. Mortgage Details: Required when property has existing mortgage or purchaser obtaining mortgage financing
7. Development Rights: Required when transferring or reserving development rights
8. Third Party Rights: Required when dealing with existing tenancies or other third-party interests
9. Tax Indemnity: Optional protection against unforeseen tax liabilities
10. Force Majeure: Optional protection against unforeseen circumstances preventing completion
1. Schedule 1 - Property Description: Detailed property description including measurements, boundaries, and plot numbers
2. Schedule 2 - Title Documents: List of all title documents and chain of title
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment installments and timelines
4. Schedule 4 - Encumbrances: List of existing encumbrances, if any
5. Schedule 5 - Completion Requirements: Checklist of documents and actions required for completion
6. Appendix A - Property Plans: Approved architectural plans and property maps
7. Appendix B - Land Records: Revenue records, tax receipts, and municipal documents
8. Appendix C - Permissions: Copies of relevant permissions and approvals
9. Appendix D - Previous Agreements: Copies of relevant previous agreements affecting the property
10. Appendix E - Photos and Surveys: Recent property photographs and survey reports
Authors
Property
Sale Deed
Sale Consideration
Completion Date
Completion
Title Documents
Encumbrances
Force Majeure
Parties
Seller
Purchaser
Possession
Business Day
Earnest Money
Registration
Stamp Duty
Title Deeds
Property Description
Schedule
Appendix
Permitted Encumbrances
Bank
Due Diligence
Material Adverse Change
Competent Authority
Governmental Authority
Applicable Laws
Transfer
Legal Representative
Power of Attorney
Sub-Registrar
Land Records
Survey Number
Municipal Authority
Property Tax
Occupancy Certificate
Mutation
Development Rights
Floor Space Index (FSI)
Carpet Area
Built-up Area
Super Built-up Area
Common Areas
Title Search
Chain of Title
Marketable Title
Deed of Declaration
Khata
Revenue Records
Consideration Receipt
Completion Certificate
Outstanding Dues
Representation and Warranties
Default
Remedy
Notice
Effective Date
Execution Date
Registration Date
Interpretation
Sale Agreement
Consideration
Payment Terms
Title and Ownership
Property Transfer
Registration and Stamp Duty
Representations and Warranties
Covenants
Possession
Encumbrances
Due Diligence
Completion
Default and Termination
Indemnification
Force Majeure
Notices
Governing Law
Dispute Resolution
Assignment
Severability
Entire Agreement
Costs and Expenses
Confidentiality
Amendment
Authority and Capacity
Third Party Rights
Further Assurance
Time of Essence
Survival
Tax Compliance
Property Inspection
Municipal Compliance
Insurance
Environmental Compliance
Real Estate
Construction
Property Development
Banking
Housing
Commercial Property
Industrial Property
Agriculture (for agricultural land)
Retail
Hospitality
Healthcare
Education
Manufacturing
Logistics
Urban Development
Legal
Real Estate
Compliance
Finance
Operations
Business Development
Risk Management
Property Management
Documentation
Corporate Affairs
Investment
Facilities Management
Project Management
Administration
Due Diligence
Real Estate Manager
Property Developer
Legal Counsel
Company Secretary
Compliance Officer
Property Manager
Real Estate Agent
Land Acquisition Manager
Business Development Manager
Property Valuation Expert
Real Estate Consultant
Corporate Lawyer
Finance Manager
Investment Manager
Operations Manager
Project Manager
Risk Manager
Documentation Specialist
Title Research Officer
Property Registration Officer
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