The vendor has agreed to sell the described property to the purchaser for Rs. 36,00,000. The purchaser will pay Rs. 9,00,000 as earnest money upon signing, with the remaining Rs. 27,00,000 to be paid within 45 days. Upon receiving full payment, the vendor will execute the necessary documents to transfer ownership of the property to the purchaser. The vendor represents that they have clear title to the property and it is not subject to any legal disputes.
The vendor has agreed to sell the described property to the purchaser for Rs. 36,00,000. The purchaser will pay Rs. 9,00,000 as earnest money upon signing, with the remaining Rs. 27,00,000 to be paid within 45 days. Upon receiving full payment, the vendor will execute the necessary documents to transfer ownership of the property to the purchaser. The vendor represents that they have clear title to the property and it is not subject to any legal disputes.
The vendor has agreed to sell the described property to the purchaser for Rs. 36,00,000. The purchaser will pay Rs. 9,00,000 as earnest money upon signing, with the remaining Rs. 27,00,000 to be paid within 45 days. Upon receiving full payment, the vendor will execute the necessary documents to transfer ownership of the property to the purchaser. The vendor represents that they have clear title to the property and it is not subject to any legal disputes.
PROPERTY means the property as described in Schedule, along with all
easements and other rights. b. PRICE means the total sale consideration fixed and agreed upon as payable by the Purchaser to the vendors. 2. Sale a. The VENDOR has agreed to sell the schedule property for a Sale Price consideration of Rs. 36,00,000/- (Rupees Thirty Six Lakhs only) to due compliance of the terms of this agreement as hereinafter described in detailed wherever referred to and shall be construed to be the mandatory conditions for execution and performance of the Agreement of Sale. b. The said consideration will be paid by the Purchaser to the Vendors as follows: i. that is to say Rs. 9,00,000/- (Rupees nine Lakhs rupees only) paid on the execution of this agreement as Earnest Money (the payment and receipt whereof the Vendors doth hereby admit and acknowledge and acquit, release and discharge the Purchaser from the payment and receipt thereof and every part thereof) that is paid in part vide Cash receipt, Dated: 20.06.2016, which the Vendors admits to have received and executes a receipt pursuant thereto. ii. the Balance remaining sale consideration will be paid on or before 45 days. The Balance remaining sale consideration shall be Rs Twenty Seven Lakhs which will be paid by the Purchaser on or before the said date.
c. That in pursuant after the payment of total sale price consideration as
per Para b(ii) above the VENDOR shall execute proper deed of conveyance in favor of the Purchaser or his nominees or assignees to pass and convey an absolute title to the Purchaser. d. The Vendors has represented that the Schedule mentioned property is not the subject of any arbitration or conciliation proceedings, and there is no court order that would affect the sale of Schedule mentioned property to the Purchaser in any manner. e. The Vendors agrees to execute and register all necessary documents, sale deeds, rectification deeds, ratification deeds, declarations, affidavits and undertakings and all other papers and forms as may be required by the Purchaser, for the sale of the property in favour of the Purchaser for better assuring the title of the Purchaser after sale has been effected. f. The Vendors shall assist the Purchaser and co-operate with the Purchaser, in the event of any proceedings arising in future and touching the Schedule mentioned property. All costs of such proceedings shall be to the account of the Vendor only. g. The Vendors has represented that there is no material defect in the Schedule mentioned property or in the title of the Vendor to the same, which the Vendors are aware.