Drafting of
Sale Deed is not a simple assignment. Parties of both the vender/s and the
buyer/s are to be secured. Important Clauses to be contained in Sale Deed are
as follows;
- Details of the parties, for example, name, address, age and name of the father or spouse of the parties;
- If one of the parties is a minor, name of the Guardian represents him. For the most part the minor is Represented by the Natural Guardian.
- The instance of spiritless bodies, for example, firms, organizations, HUFs and so on., subtle elements of the approved persons approved to speak to such bodies;
- Details viewing in the matter of how the seller has obtained property and his possession and title;
- Details of development installment if any made and method of installment of equalization of offer thought.
- Acknowledgement of receipt of development and the deal thought by the vender
- The certainty of giving over of unique reports of the property alongside conveyance of ownership to the buyer.
- Indemnifying the buyer if there should arise an occurrence of deformity in the title of the seller.
- Authorization letters issued by the vender for transfer of water, power meters;
- Details about execution of General Power of Attorney if any executed by both of the parties.
- Permanent Account Number (PAN) of the dealer and the buyer if the deal thought is more than rupees five lakhs.
For More..........:
No comments:
Post a Comment