Sale of Building, etc. on Leasehold Land by Shiva.

Sale of Building, etc. on Leasehold Land

THIS TRANSFER is made the . . . . . . . . . day of . . . . . . in the year 20 . . . . . , BETWEEN Shri . . . . . . . . . . ., aged about . . . . . . . . years, son of . . . . . . . . ., resident of . . . . . . . . . , (hereinafter called ‘‘the Seller’’, which expression shall unless the context otherwise requires include the heirs, successors and representatives of the Seller), of the one part, AND Shri . . . . . . . . ., aged about . . . . . . . . . years, son of Shri . . . . . . . . ., resident of . . . . . . . . ., (hereinafter called ‘‘the Purchaser’’, which expression shall unless the context otherwise requires, include the heirs, successors and assigns of the Purchaser), of the other part.

WHEREAS the Seller under a deed of lease, . . . . . . . . ., executed by. . . . . . . . . and registered on the . . . . . . . . . in the Sub-Registry Office at . . . . . . . . . as No. . . . . . . . . . in Book I, Volume No.  . . . . ., pages . . . . . . . . ., etc. acquired the land herein described and intended to be transferred, on a lease of . . . . . . . . . years, calculated from the. . . .AND WHEREAS the Seller from his own monies built thereon a single storeyed pucca house under a building permit obtained by him from the Local Municipal Board and has fitted the same with electric and sanitary fittings and connections; AND WHEREAS the Purchaser is desirous of absolutely purchasing the house free of all encumbrances, charges and liens, whatsoever and is also desirous of getting the leasehold rights in the said land transferred to him and is willing to pay therefor a sum of Rupees . . . . . . . (Rs. . . . . .) only, which said sum the Seller is willing to accept and transfer and sell the said property and rights;

NOW THEREFORE THIS DEED WITNESSES as under:

1. That in consideration of the said sum of Rupees . . . . . . . . (Rs. . . ) only, received in full by the Seller from the Purchaser in the manner and on the dates mentioned in the Schedule hereto, which said sum the Seller acknowledges as having received in full, the Seller hereby sells, free of all encumbrances, charges and liens whatsoever the said house and building, together with all connections and fittings, electrical and sanitary in and upon the building erected or standing on the land and transfers hereby for the residue of the period all his leasehold rights in the land situate in . . . . in the city of . . . . . . . . ., more specifically described in the Schedule hereto on the terms and conditions laid down in the original lease executed by . . . . . . . . . . . . in favour of the Seller.

2. That the property hereby sold or transferred is free of all encumbrances, charges and liens whatsoever, and the Seller has not done anything whereby the said property and rights may in any manner be charged with the payment of any monies and that the Seller has full and subsisting rights to make this transfer in the manner hereby done and that all rents, taxes, cesses and rates in respect of the house or the land have all been paid and cleared by the Seller up to the date of this deed.

3. That the Seller hereby agrees to keep harmless and indemnified the Purchaser from all losses, expenses and costs incurred or suffered arising from the untruthfulness or inaccuracy of the matters mentioned in Paragraph 2 above.

4. That the Seller further agrees that he shall at the request and cost of the Purchaser do or cause to be done anything reasonable for the purposes of more fully assuring, selling, transferring or giving full and complete effect to the true meaning and intent of these presents.

5. That the Seller has put the Purchaser in actual possession of the house and the land hereby sold and transferred and has handed over all documents and papers connected or pertaining to the said house and land, a list whereof is given in the Schedule hereto.

Schedule: Detail of Sale Consideration

1. Rupees . . . . . . . (Rs. . . . . .) only, received by the Seller from the Purchaser by way of earnest money under a separate receipt, dated . . . . .

2. Rupees . . . . . . . (Rs. . . . . . .) only, being the balance of the sale consideration received by the Seller from the Purchaser in cash or cheque No. . . . . . . . ., dated . . . . . . . . ., on the . . . . . . . . . Bank, . . . . . . . . ., before the Sub-Registrar at the time of presentation of this deed.

Total sale consideration received by the Seller from the Purchaser on the said two dates: Rupees . . . . . . . . . (Rs. . . . . . .) only.

Schedule: Detail of Property Sold or Transferred

1. All the proprietary rights in that single-storeyed pucca built house and building erected and now standing, together with all fixtures and fittings, sanitary and electric and the connections for the same, AND

2. All the leasehold rights in the land being Plot No. . . . . . . . ., measuring . . . . . . . . . square feet, situate in . . . . . . . . ., in the city of . . . . . . . . . and bounded as below:

EAST

WEST

SOUTH

NORTH

 :

:

:

:

Schedule : List of Documents handed over to the Purchaser

1. Lease deed executed by . . . . . . . . ., in favour of the Seller, dated . . . . . . . . . ., in respect of the land hereby transferred.

2. Building Permit No. . . . . . . . ., dated . . . . . . . . ., issued by the local Municipal Board in favour of the Seller together with the map bearing the sanction of the Municipal Board for the erection of the house hereby sold.

3. Rent Receipt No. . . . . . . . . ., dated . . . . . . . . ., showing that the lease rent has been paid for the current year in respect of the land hereby transferred.

4. Receipt for the House and Water Taxes No. . . . . . . , dated . . . . . , in respect of the house hereby transferred for the period . . . . .  to . . . . . .

IN WITNESS whereof the said . . . . . . . . ., the Seller, has hereunto at. . . . . . . . . . . . signed the day and the year first abovewritten.

Witnesses:                                                        Sd. Seller.

1.

2.

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