Agreement for Sale of a House (Long Form) (India)
This is a detailed legal template for the sale of residential property between a seller and a buyer. It outlines key terms including the purchase price, earnest money deposit, title investigation procedures, and the timeline for completion of the sale.
Agreement for Sale of a House
This Agreement of sale made at .................. on this .............. day of ................... 20___, between A son of ..................... resident of .................. hereinafter called the vendor of the ONE PART and B son of ............................... resident of .............................. hereinafter called the purchaser of the OTHER PART.
WHEREAS the vendor is absolutely seized and possessed of or well and
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About this template
What is this template?
This is a formal agreement to sell residential property in India, containing detailed payment schedules and title warranties. It is not a Sale Deed, but a precursor that binds the parties to a future transfer of title.
When should you use it?
Use this when you have agreed on a price for a house in India but need time to arrange financing or clear titles before final registration. Use a Sale Deed instead when the final payment is made and immediate title transfer is required.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Agreement to Sell | The Vendor agrees to sell and the Purchaser agrees to purchase the Property for the specified Consideration. |
| 2 | Payment of Consideration | The Purchaser pays an earnest money deposit of [percentage]% upon execution, with the balance due at registration. |
| 4 | Title and Encumbrances | The Vendor covenants that the property is free from all encumbrances and that they have a marketable title. |
| 6 | Completion and Registration | Both parties agree to execute and register the Sale Deed within [number] months from the date of this agreement. |
| 7 | Possession | The Vendor shall deliver vacant and peaceful possession of the house to the Purchaser upon full payment of the price. |
| 10 | Default and Forfeiture | If the Purchaser fails to complete the purchase, the Vendor may forfeit the earnest money deposit. |
Who it's for
- a property owner in India selling a residential house to an individual buyer
- a purchaser in India entering into a formal commitment to buy residential real estate
- legal professionals drafting a sale agreement under the Transfer of Property Act 1882
How long it runs and how it's signed
Law it's drafted under
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