agreement to sale of agriculture land, Lecture notes of Law of Evidence

Download agreement to sale of agriculture land and more Lecture notes Law of Evidence in PDF only on Docsity! A GREE ME NT FOR SA L E OF A GRICULT URA L LA ND THIS AGREEMENT of sale made at .................. on this .............. day of ................... 20 , between ..................... resident of .................. hereinafter called the Vendor of the ONE PART and ............................... resident of .............................. hereinafter called the BUYER of the OTHER PART. WHEREAS the vendor is absolutely seized and possessed of or well and sufficiently entitled to the house more fully described in the Schedule hereunder: AND WHEREAS the vendor has agreed to sell his Agriculture Land to the BUYER on the terms and conditions hereafter set-forth. NOW THIS AGREEMENT WITNESSETH AS FOLLOWS: (1) The Vendor will sell and the BUYER will buy that entire agriculture land measuring....................... more particularly described in the Schedule hereunder written at a price of Rs. ...............................................................................................................................free from all encumbrances. (2) The BUYER has paid a sum of Rs. ................. as earnest money on ......................... the receipt of which sum, the Vendor hereby acknowledges) and the balance amount of consideration will be paid at the time of execution of conveyance deed/sale deed. (3) The sale shall be completed within a period of................... months from this date and it is hereby agreed that time is the essence of the contract. (4) The Vendor shall submit the title deeds of the agriculture land mentioned in the schedule in his possession or power to the BUYER's advocate within one week from the date of this agreement for investigation of title and the BUYER will intimate about his advocate's report within ................ days after delivery of title deeds to his advocate. (5) If the BUYER's Advocate gives the report that the Vendor's title is not clear, the Vendor shall refund the earnest money, without interest to the BUYER within ................. days from the date of intimation about the advocate's report by the BUYER If the Vendor does not refund the earnest money within ................... days from the date of intimation about the advocate's report, the Vendor will be liable to pay interest @ ................ p.m. upto the date of repayment of earnest money. (6) The Vendor declares that the sale of the agriculture land will be without encumbrances. (7) The Vendor will hand over the vacant possession of the agriculture land on the execution and registration of conveyance deed/sale deed. (8) If the BUYER commits breach of the agreement, the vendor shall be entitled to forfeit the earnest money paid by the purchaser to the vendor and the vendor will be at liberty to resell the property to any person. (9) It the Vendor commits breach of the agreement, he shall be liable to refund earnest money, received by him and a sum of Rs. ................. by way of liquidated damages. (10) The Vendor shall execute the conveyance deed/sale deed in favour of the buyer or his nominee as the buyer may require, on receipt of the balance consideration. (11) The vendor shall at his own costs obtain clearance certificate under Income tax Act, 1961 and other permissions required for the completion of the sale. (12) The expenses for, preparation of the conveyance deed/sale deed, cost of stamp, registration charges and all other cut of pocket expenses shall be borne by the buyer.