¶¶Òõ¶ÌÊÓÆµ

Agreement For Sale Of Leasehold Property Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Agreement For Sale Of Leasehold Property

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Agreement For Sale Of Leasehold Property

"I need an Agreement for Sale of Leasehold Property for a commercial warehouse space in Mumbai, India, with completion planned for March 2025, including specific provisions for existing sub-tenants and equipment installations."

Document background
The Agreement For Sale Of Leasehold Property is a crucial legal instrument used in Indian real estate transactions where the seller's interest in a property is leasehold rather than freehold. This document is essential when transferring leasehold rights in commercial, residential, or industrial properties, ensuring compliance with Indian property laws and regulations. It includes detailed provisions covering the property description, existing lease terms, purchase price, completion requirements, and obligations of all parties. The agreement must conform to the Transfer of Property Act, 1882, Registration Act, 1908, and state-specific property laws, while also addressing stamp duty requirements and registration formalities. It's particularly important in urban areas where leasehold properties are common and requires careful consideration of existing lease terms, landlord's consent requirements, and any restrictions on assignment.
Suggested Sections

1. Parties: Identification and details of the seller (current leaseholder) and purchaser, including full names, addresses, and legal capacity

2. Background: Brief context about the existing lease, property ownership, and intention to sell the leasehold interest

3. Definitions: Definitions of key terms used throughout the agreement including 'Property', 'Lease', 'Completion Date', etc.

4. Sale and Purchase Agreement: Core agreement to sell and purchase the leasehold interest, including the basic obligations of both parties

5. Property Description: Brief description of the leasehold property (with detailed description in Schedule)

6. Lease Details: Summary of the existing lease terms, remaining duration, and key conditions

7. Purchase Price: Statement of the agreed purchase price and payment terms

8. Deposit: Details of the deposit amount, payment timing, and conditions for retention or return

9. Completion: Completion date, requirements, and process for completing the sale

10. Seller's Covenants: Seller's warranties and obligations regarding the property and lease

11. Purchaser's Covenants: Purchaser's warranties and obligations, including compliance with lease terms

12. Title and Transfer: Provisions regarding title verification and transfer process

13. Conditions Precedent: Any conditions that must be satisfied before completion

14. Registration and Stamp Duty: Obligations regarding registration and payment of stamp duty

15. Notices: Process and addresses for serving notices under the agreement

16. Governing Law: Specification of Indian law as governing law and jurisdiction clause

17. Execution: Signature blocks and execution formalities

Optional Sections

1. Landlord's Consent: Required when the original lease requires landlord's consent for assignment

2. Third Party Rights: Needed when there are existing third-party rights affecting the property

3. Environmental Matters: Include when the property has specific environmental concerns or obligations

4. Planning Permissions: Required when there are specific planning permissions or restrictions

5. Service Charge Provisions: Include when there are specific service charge arrangements to be addressed

6. Insurance: Special insurance requirements beyond standard lease obligations

7. Break Clause: Include if there are specific break options being transferred

8. Maintenance Obligations: Special maintenance requirements beyond standard lease terms

9. Sub-letting Provisions: Include if there are specific sub-letting rights or restrictions

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including boundaries, measurements, and included fixtures and fittings

2. Schedule 2 - Lease Details: Complete copy or detailed summary of the existing lease terms

3. Schedule 3 - Title Documents: List of all relevant title documents and encumbrances

4. Schedule 4 - Property Plans: Plans and drawings of the property

5. Schedule 5 - Inventory: List of any fixtures, fittings or other items included in the sale

6. Schedule 6 - Outstanding Matters: List of any outstanding notices, orders, or requirements affecting the property

7. Appendix A - Form of Transfer: Draft transfer deed to be executed at completion

8. Appendix B - Required Consents: Copies of all required consents (e.g., landlord's consent)

9. Appendix C - Certificates: Relevant certificates including tax clearance, building approvals, etc.

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

































Clauses



































Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Hospitality

Healthcare

Education

Manufacturing

Warehousing

Office Space

Mixed-use Development

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Facilities Management

Operations

Finance

Risk Management

Corporate Services

Administration

Business Development

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Real Estate Agent

Property Developer

Compliance Officer

Real Estate Transaction Manager

Legal Director

Property Consultant

Contract Manager

Real Estate Portfolio Manager

Asset Manager

Facilities Manager

Property Acquisition Manager

Real Estate Operations Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Sellers Agreement Form

An Indian law-compliant agreement establishing terms and conditions between seller and buyer for commercial transactions of goods or services.

find out more

Home Buying Contract

An Indian law-governed agreement for the transfer of residential property ownership, detailing sale terms and ensuring regulatory compliance.

find out more

Restaurant Purchase Contract

An Indian law-governed agreement for the purchase and sale of a restaurant business, including transfer of assets, licenses, and operational rights.

find out more

Flat Buying Agreement

An Indian law-governed agreement between builder and buyer for the purchase of a residential flat, compliant with RERA and state real estate regulations.

find out more

Basic Sales Agreement

A standard sales agreement template compliant with Indian law, establishing terms and conditions for product sales between parties.

find out more

Owner To Owner Home Sale Contract

An Indian law-governed contract for direct property sale between private owners, detailing terms of sale and ensuring legal compliance with property transfer requirements.

find out more

Stock Sale Agreement Form

An Indian law-governed agreement that documents the terms and conditions for the sale and transfer of company shares between parties, ensuring legal compliance and protection of both parties' interests.

find out more

Letter Of Intent For Buying Property

A preliminary document under Indian law expressing serious intent to purchase property and outlining key terms of the proposed transaction.

find out more

Agreement For Sale Of Leasehold Property

An Indian law-governed agreement for transferring leasehold property rights from an existing leaseholder to a new leaseholder, including terms, conditions, and regulatory compliance requirements.

find out more

Mortgage Loan Sale Agreement

An Indian law-governed agreement for the sale and transfer of mortgage loans between financial institutions, including associated security interests and regulatory compliance requirements.

find out more

Used Equipment Sale Agreement

An Indian law-governed agreement for the sale of pre-owned equipment, including terms for transfer of ownership, equipment condition, and warranties.

find out more

Agreement To Sell Real Estate Contract

An Indian law-compliant agreement documenting the terms and conditions for a future transfer of real estate property from seller to purchaser.

find out more

Simple Purchase And Sale Agreement

An Indian law-governed agreement that documents the basic terms and conditions for the sale and purchase of goods between a seller and buyer.

find out more

Domain Sale Agreement

An Indian law-governed agreement for the sale and transfer of domain name ownership rights between parties, including terms, conditions, and transfer procedures.

find out more

Bulk Sales Agreement

An Indian law-governed agreement establishing terms for bulk purchase and sale of goods, including quantity commitments, pricing, and delivery terms.

find out more

Option To Buy Land Agreement

An Indian law-governed agreement granting exclusive rights to purchase specified land within a set timeframe and price.

find out more

Letter Of Offer To Sell Property

A formal letter under Indian law expressing the seller's intent to sell a specific property, stating the price and basic terms of the proposed sale.

find out more

Land Transfer Agreement Letter

A formal letter under Indian law documenting the intent and terms for transferring land ownership between parties, serving as a precursor to the final sale deed.

find out more

Buy Sell Life Insurance Agreement

An Indian law-governed agreement establishing life insurance-funded business ownership transfer arrangements upon a business owner's death.

find out more

Commercial Real Estate Purchase And Sale Agreement

An Indian law-governed agreement for the purchase and sale of commercial real estate, outlining transaction terms and ensuring legal compliance.

find out more

Vessel Purchase Agreement

An Indian law-governed agreement for the sale and purchase of marine vessels, incorporating key requirements under Indian maritime legislation and regulations.

find out more

Restaurant Asset Purchase Agreement

An Indian law-governed agreement for the purchase and sale of restaurant business assets, including equipment, inventory, and associated operational rights and licenses.

find out more

Commercial Real Estate Sales Contract

An Indian law-governed agreement for the sale and purchase of commercial real estate, establishing terms, conditions, and obligations for property transfer.

find out more

Buy And Sale Agreement

A legally binding agreement under Indian law that governs the sale and purchase of goods or property between parties, establishing terms, conditions, and obligations.

find out more

House Purchase Contract

An Indian law-governed agreement for the sale and purchase of residential property, documenting ownership transfer and compliance with property regulations.

find out more

Purchase Contract Addendum Form

An Indian law-compliant document that modifies or supplements an existing purchase contract, updating terms while maintaining the original agreement's validity.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.