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Closed Deed Of Sale Template for India

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Key Requirements PROMPT example:

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."

Document background
The Closed Deed of Sale is a fundamental legal instrument in Indian property transactions, used when there is a definitive transfer of property ownership. This document type is essential for both residential and commercial property transfers, requiring careful drafting to ensure compliance with the Transfer of Property Act, 1882, Registration Act, 1908, and state-specific stamp duty laws. The deed must be executed on appropriately stamped paper, registered with the Sub-Registrar's office, and should comprehensively cover property details, consideration, warranties, and statutory compliances. Unlike an agreement to sell, a Closed Deed of Sale represents the final transfer of property rights and must include clear title representations, possession terms, and payment acknowledgments. It's particularly crucial for maintaining clear property ownership records and preventing future disputes.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Real Estate

Commercial Property

Industrial

Residential Property

Agricultural Land

Infrastructure

Retail

Hospitality

Relevant Teams

Legal

Real Estate

Compliance

Finance

Administrative

Corporate Secretarial

Documentation

Property Management

Relevant Roles

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

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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