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Agreement for Sale of Mortgaged House is a free, ready-to-use Banking and finance template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
Reach for this Banking and finance template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
A well-drafted Banking and finance usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.
Updated 9 July 2026
An agreement for the sale of a house that is subject to a subsisting mortgage, between the vendor, the purchaser and the mortgagee, in India. It covers the purchase price, earnest money and instalments; delivery of the title deeds by the mortgagee's advocate for investigation of title (without affecting the mortgage); discharge of the mortgage by the mortgagee on payment, before the sale deed is executed; the completion timeline and conveyance costs; refund of earnest money with interest if title is not approved; forfeiture or liquidated damages on breach; vacant possession and delivery of title documents; required tax clearances and permissions; and preservation of each party's right to specific performance.