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Absolute Deed
"I need an Absolute Deed drafted for the transfer of my commercial property in Mumbai to a corporate buyer, with completion scheduled for March 15, 2025, including specific clauses about existing tenant rights and municipal tax clearances."
1. Title and Date: Specifies the document as an Absolute Deed and the date of execution
2. Parties: Details of the transferor (seller) and transferee (buyer) including names, ages, addresses, and legal capacity
3. Recitals: Background information including property ownership history and reason for transfer
4. Definitions: Definitions of key terms used in the deed
5. Property Description: Brief description of the property being transferred with reference to detailed description in Schedule
6. Consideration: Details of the sale consideration and payment terms
7. Transfer Declaration: Clear statement of absolute and unconditional transfer of all rights, title, and interest
8. Title Guarantee: Seller's warranty of clear title and right to transfer
9. Past Transactions: Declaration regarding any prior agreements or transactions affecting the property
10. Possession: Statement regarding transfer of physical possession
11. Execution Clause: Formal execution statement and signature blocks
12. Witness Details: Names and details of witnesses to the deed execution
1. Spousal Consent: Required when the property is jointly owned or falls under Hindu Undivided Family
2. Agricultural Land Clause: Required when the property is agricultural land, including necessary permissions
3. Power of Attorney Reference: Required when any party is represented through Power of Attorney
4. Ancestral Property Declaration: Required when the property is ancestral or inherited
5. Municipal Dues Clause: Statement regarding payment of pending municipal dues and taxes
6. Third Party Rights: Declaration regarding any existing tenancy or third-party rights
7. Non-Encumbrance Declaration: Specific declaration that property is free from all encumbrances when applicable
1. Schedule A - Property Description: Detailed description of the property including boundaries, measurements, and survey numbers
2. Schedule B - Title Documents: List of all title documents and prior deeds relating to the property
3. Schedule C - Encumbrance Certificate: Recent encumbrance certificate from the Sub-Registrar's office
4. Schedule D - Property Tax Receipts: Copies of recent property tax payment receipts
5. Schedule E - Permissions and Approvals: Copies of relevant governmental or regulatory approvals
6. Schedule F - Site Plan: Detailed site plan or property layout
7. Schedule G - Payment Details: Detailed breakdown of consideration and payment structure if applicable
Authors
Real Estate
Construction
Banking and Finance
Agriculture (for farmland)
Commercial Property
Residential Property
Industrial Property
Legal Services
Property Development
Urban Planning
Legal
Real Estate
Property Management
Documentation
Compliance
Land Records
Title Search
Registration
Property Valuation
Due Diligence
Property Lawyer
Real Estate Agent
Legal Counsel
Property Manager
Title Officer
Conveyancing Manager
Real Estate Developer
Property Registration Officer
Land Records Officer
Compliance Officer
Real Estate Transaction Manager
Property Documentation Specialist
Legal Administrator
Estate Planning Attorney
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