Document background
The Notice of Intent to Sell is a crucial document in Indian property transactions, required in various scenarios where formal notification of an intended property sale is necessary. It is particularly important when there are existing tenants, when dealing with statutory authorities, or when fulfilling obligations under right-of-first-refusal agreements. The document must comply with the Transfer of Property Act, 1882, and other relevant Indian property laws, while also adhering to state-specific regulations. This notice typically precedes the actual sale agreement and serves as an important step in the property transaction process, protecting the interests of all parties involved and ensuring proper communication of the seller's intentions.
