Agreement For Sale - Labelling

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Name- Harsh Dixit

Class- B.A. LL.B (Hons.), S/F

Roll No-21

I.D. No- 20186463

Clinical-II (Drafting, Pleading, and Conveyance)

(Assignment 16- Labelling of Sale Agreement

AGREEMENT FOR SALE

This agreement for sale is made and executed before the sub-registrar, at Ghaziabad on this
day sixth day of May Month, Two Thousand and Twenty two, (06.05.2022).

BETWEEN

Mr. Tanush Mittal aged about 34 years s/o Himanshu Mittal r/o H/No. 32, Block C, Kavi
Nagar, Ghaziabad, UP, 201002. (Hereinafter referred to as the VENDOR which expression
shall, unless repugnant to the context or meaning thereof shall mean and include his heirs,
executors, administrators and assigns of the FIRST PART).

AND

Mr. Akshit Saini aged about 35 years s/o Anshul Saini r/o H/No. 42, Sector 9, Raj Nagar,
Ghaziabad, UP, 201001 (hereinafter referred to as the VENDEE/PURCHASER which
expression shall, unless repugnant to the context or meaning thereof shall mean and include
his heirs, executors, administrators and assigns of the SECOND PART).

WHEREAS, the Vendor is the absolute owner of the property bearing No. 170 admeasuring
300 square yards situated at M’ Block of the residential colony known as Kavi Nagar,
Ghaziabad (hereinafter referred to as the said property).

AND WHEREAS the Vendor has agreed to sell the said property to the Vendee at the price
and on the conditions mentioned hereinafter.

NOW IT IS AGREED BETWEEN THE PARTIES AS FOLLOWS:


1. The Vendor hereby agrees to sell, transfer and convey the said property in favour of the
Vendee.

2. That the consideration of Rs 80 lakhs is to be paid by the Vendee to the Vendor. Rs. 25
lakhs is to be paid at the execution of this agreement as earnest money, Rs. 25 lakhs on
30.06.2022 and lastly Rs. 30 lakhs at the time of final sale deed.

3. The Vendor acknowledges the payment of Rs. 25 lakhs as earnest money paid by cheque
No. 010806 dated 05.05.2022 drawn on State Bank of India, Kavi Nagar, Ghaziabad-201002.
by Vendee.

4. The Vendor shall make out a marketable title of the said property free from encumbrances
and reasonable doubts.

5. The Vendor shall deliver to the Vendee the title deeds relating to the said property in his
possession and power on execution of these presents for inspection and investigation of the
title by the Vendee or his advocate.

6. The Vendor agrees to apply for, obtain and furnish unto the Vendee all such permissions as
may be necessary under the laws for registration of Sale Deed.

7. The Vendor and the Vendee hereby agree that the sale will be completed within six months
from the date hereof.

8. All the taxes, levies etc due and payable against the said property shall be paid by the
Vendor till the completion of sale and thereafter it will be the responsibility of the purchaser.
The Vendor shall handover all the tax receipts etc. duly paid to the Vendee at the time of
completion of sale.

9. The Vendor agrees to handover actual, physical and vacant possession of the said property
unto the Vendee at the time of sale deed.

10. That the expenses towards the payment of stamp duty, registration charges and all other
incidental expenses for agreement for sale and sale deed shall be borne out by the Vendee.

11. If the Vendor fails to make out the clear marketable title to the said property as aforesaid
then the Vendee will have the right to cancel this agreement by giving at least fifteen days’
notice to the Vendor and after the expiration of fifteen days the agreement shall stand
terminated and the Vendor agrees to return the earnest money to the Vendee.
12. If the Vendee fails to perform his obligations under this agreement within the time
stipulated then the Vendor shall be entitled to cancel this agreement by giving at least fifteen
days’ notice in writing to the Vendee. On termination the Vendor will be entitled to forfeit
the earnest money paid by the Vendee.

13. That this transaction has taken place at Ghaziabad. As such Ghaziabad District shall have
exclusive jurisdiction to entertain any dispute arising out of or in any way touching or
concerning this deed.

SCHEDULE OF PROPERTY

All that piece and parcel of property bearing Ghaziabad Municipal Corporation Katha
No.120, bearing P.I.D. No. 89-677-75/1-1, situated at H/No. 170 M Block, Kavi Nagar,
Ghaziabad, totally measuring 300 Square yards, and bounded as follows: -

On the East: Road

On the West: Service Lane

On the North: PLOT NO. M-168

On the South: PLOT NO. M-172

IN WITNESS WHEREOF parties hereunto have signed this document on the date and place
first above written in the presence of following witnesses.

VENDOR

VENDEE

WITNESSES: (1)

(2)

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