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Closed Deed Of Sale
"I need a Closed Deed of Sale for transferring my residential apartment in Mumbai to an individual buyer, with completion scheduled for March 2025, including standard warranties and society NOC requirements."
1. Parties: Details of the seller and purchaser including names, addresses, and legal capacity
2. Background: Brief history of property ownership and context of the sale
3. Definitions: Definitions of key terms used throughout the deed
4. Subject Matter of Sale: Clear identification and description of the property being sold
5. Consideration: Purchase price, payment terms, and receipt acknowledgment
6. Possession: Terms of physical possession transfer and timeline
7. Title and Ownership: Seller's declarations regarding clear title and right to sell
8. Seller's Representations and Warranties: Warranties about property title, encumbrances, and legal compliance
9. Purchaser's Representations: Purchaser's acknowledgments and confirmations
10. Statutory Compliances: Compliance with registration, stamp duty, and other legal requirements
11. Costs and Expenses: Allocation of registration costs, stamp duty, and other expenses
12. Execution and Registration: Requirements for deed execution and registration process
1. Pending Litigation: Details of any ongoing legal proceedings affecting the property - include if applicable
2. Mortgage or Charge: Details of existing mortgages and process of discharge - include if property is mortgaged
3. Third Party Rights: Description of any existing tenancy or third-party rights - include if applicable
4. Tax Clearance: Details of property tax payments and clearances - include if there are pending tax issues
5. Development Rights: Information about transferable development rights - include for urban properties with development potential
6. Society NOC: Details of housing society approval - include for apartment/society properties
1. Property Description Schedule: Detailed description of property including boundaries, measurements, and survey numbers
2. Title Documents Schedule: List of all title documents and chain of ownership
3. Payment Schedule: Detailed breakdown of payment terms, installments, and dates
4. Encumbrance Schedule: List of existing encumbrances, if any, and their status
5. Inventory Schedule: List of fixtures and fittings included in the sale, if applicable
6. Compliance Schedule: List of all statutory approvals and certificates
Authors
Real Estate
Commercial Property
Industrial
Residential Property
Agricultural Land
Infrastructure
Retail
Hospitality
Legal
Real Estate
Compliance
Finance
Administrative
Corporate Secretarial
Documentation
Property Management
Chief Legal Officer
Legal Counsel
Property Manager
Real Estate Manager
Compliance Officer
Company Secretary
Chief Financial Officer
Property Lawyer
Real Estate Attorney
Title Officer
Documentation Specialist
Real Estate Administrator
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