Sales Deed
The sales deed will confirm the transfer of ownership of the fractional units in the property, detailing the terms of sale.
SALES DEED
This Sales Deed (“Deed”) is made on _ [Date] _ between:
SELLER: [Company Name], a Limited Liability Partnership (LLP) registered under the laws of India, with its registered office at _ [Address] _ (“Seller”).
BUYER: [Investor Name], an individual/entity with address _ [Investor Address] _ (“Buyer”).
- Recitals
1.1. The Seller is the rightful owner of the property located at _ [Property Address] _, which has been subdivided into fractional ownership units.
1.2. The Buyer has agreed to purchase the fractional ownership unit(s) described in this Deed under the terms outlined herein.
- Sale and Transfer of Ownership
2.1. The Seller hereby sells, transfers, and conveys to the Buyer, the fractional ownership unit(s) corresponding to __% of the total value of the property.
2.2. The total consideration for the sale of the fractional unit(s) is ₹ _ [Price] _, which the Buyer has agreed to pay.
2.3. The fractional ownership unit(s) is/are legally registered under a Special Power of Attorney (SPA), and the Buyer shall enjoy all rights of ownership as detailed in the Fractional Property Ownership Agreement.
- Payment and Consideration
3.1. The Buyer has paid the Seller the full amount of ₹ _ [Price] _ for the fractional ownership unit(s), which the Seller acknowledges as received.
3.2. Payment has been made via _ [Mode of Payment] _, and the transaction has been fully completed.
- Title and Possession
4.1. The Buyer now holds legal ownership of the fractional ownership unit(s), and the Seller has provided all necessary documentation to transfer ownership rights.
4.2. The Buyer shall have the right to hold, transfer, or sell their fractional units as per the terms of the Fractional Property Ownership Agreement.
- Legal Compliance
5.1. This Deed is governed by the laws of India, and both parties agree to submit to the jurisdiction of _ [Specify Jurisdiction] _.
- Indemnification
6.1. The Seller warrants that the fractional ownership unit(s) being sold are free from all encumbrances, claims, and disputes.
6.2. The Buyer indemnifies the Seller from any future claims related to the ownership of the fractional units once the Deed is executed.
- Miscellaneous
7.1. Amendments: Any changes to this Deed must be in writing and signed by both parties.
7.2. Governing Law: This Deed shall be governed by and construed in accordance with the laws of India.
IN WITNESS WHEREOF, the parties have executed this Sales Deed on the date first written above.
Signature of Seller: __________
Signature of Buyer: __________