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The Residential Resale Real Estate Purchase Contract is a crucial legal instrument used in India for transactions involving previously owned residential properties. This document is essential when transferring ownership of existing residential properties from a seller to a buyer, ensuring compliance with Indian property laws and regulations. It includes detailed provisions covering property description, purchase price, payment terms, representations and warranties, title transfer procedures, and completion timelines. The contract must adhere to requirements under various Indian legislations including the Transfer of Property Act 1882, Registration Act 1908, and Real Estate (Regulation and Development) Act 2016. It serves as a comprehensive agreement that protects both parties' interests while ensuring legal validity and enforceability of the transaction within the Indian legal framework.

1. Parties: Identification and details of the seller and purchaser, including names, addresses, and contact information

2. Background: Brief context of the transaction, including property ownership history and intention to sell/purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Complete description of the property including address, dimensions, registration details, and boundaries

5. Purchase Price: Total consideration, payment structure, and payment methods

6. Payment Terms: Detailed breakdown of payment schedule, earnest money deposit, and balance payment arrangements

7. Completion Timeline: Timeline for transaction completion, including key milestones and completion date

8. Seller's Representations and Warranties: Seller's declarations regarding property title, encumbrances, litigation, and statutory compliance

9. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and compliance with applicable laws

10. Title and Transfer: Provisions regarding clear title transfer and registration process

11. Possession: Terms and conditions for handling over property possession

12. Costs and Expenses: Allocation of transaction costs including stamp duty, registration fees, and professional charges

13. Default and Remedies: Consequences of default by either party and available remedies

14. Force Majeure: Provisions for unforeseen circumstances preventing contract performance

15. Notices: Process and addresses for serving notices between parties

16. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes

17. Execution: Signature blocks and execution formalities