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Absolute Deed Of Sale
"I need an Absolute Deed of Sale for transferring my commercial property in Mumbai to a corporate buyer, with specific provisions for existing tenant rights and a phased possession schedule starting March 2025."
1. Title and Date: Specifies the document as an Absolute Sale Deed and the date of execution
2. Parties: Details of the Seller(s) and Purchaser(s) including names, ages, occupations, and complete addresses
3. Recitals: Background information about the property ownership, title history, and intention to sell
4. Definitions: Defines key terms used throughout the deed
5. Details of Property: Comprehensive description of the property being sold including exact measurements and boundaries
6. Title Declaration: Seller's declaration of clear title and right to sell the property
7. Consideration: Purchase price and payment details including method and timing of payment
8. Possession: Terms of physical possession transfer to the purchaser
9. Covenant of Title: Seller's warranties regarding title, encumbrances, and right to sell
10. Indemnification: Seller's commitment to indemnify buyer against title defects or claims
11. Registration and Expenses: Details about registration requirements and allocation of associated costs
12. Execution: Signature clause and witness requirements
1. Previous Title Deeds: Used when there's a need to reference chain of previous ownership documents
2. Pending Litigation Declaration: Include when there's a need to specifically declare absence of pending litigation
3. Power of Attorney: Required when either party is acting through an authorized representative
4. Society NOC: Include for apartment properties requiring housing society approval
5. Third Party Rights: Used when addressing existing tenancy or other third-party interests
6. Tax Clearance: Include when specific tax clearances need to be declared
7. Development Rights: Required when transferring properties with unused development potential
1. Schedule A - Property Description: Detailed technical description of the property including measurements, boundaries, and construction details
2. Schedule B - Title Documents: List of all title and ownership documents relating to the property
3. Schedule C - Encumbrance Details: List of any existing charges, mortgages, or encumbrances
4. Schedule D - Payment Terms: Detailed breakdown of payment structure and timing
5. Appendix 1 - Property Documents: Copies of key property documents including tax receipts, utility bills
6. Appendix 2 - Maps and Plans: Property layout, location maps, and approved building plans
Authors
Real Estate
Construction
Banking & Finance
Housing & Urban Development
Agriculture (for agricultural land)
Industrial
Commercial Property
Residential Property
Infrastructure
Legal
Real Estate
Compliance
Property Management
Corporate Affairs
Documentation
Risk Management
Acquisition
Title Research
Legal Counsel
Property Lawyer
Real Estate Manager
Property Acquisition Manager
Legal Director
Compliance Officer
Real Estate Development Manager
Property Rights Specialist
Title Officer
Real Estate Transaction Manager
Corporate Counsel
Land Acquisition Officer
Property Documentation Specialist
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