Agreement of Sale Cum GPA

AGREEMENT OF SALE-CUM-GENERAL POWER OF ATTORNEY

       This Deed of Agreement of Sale-Cum-General Power of Attorney is made and executed on this the ___ day of ______ at _______ by and between:

___________ S/o W/o D/o ____________ Aged about ____ years, Occupation _______ R/o H.No. ____________________________  

(Hereinafter called the VENDOR)

IN FAVOUR OF

___________ S/o W/o D/o ___________ Aged about ____ years, Occupation ________ R/o H.No. ___________________________   

(Hereinafter called the PURCHASER)

The terms VENDOR and PURCHASER herein used shall wherever the context so admits mean and include their respective heirs, executors, successors, legal representatives, administrators and assignees, etc.           

WHEREAS: the Vendor is the absolute owner and peaceful possessor of ____________________________________________ Having purchased the same from ___________________________ _______________________________________________________ Hereinafter shall be referred to as the “SCHEDULED PROPERTY” which is morefully described in the schedule of property and delineated in RED COLOUR in the Plan annexed.

       AND WHEREAS: the Vendor herein offered to sell the Schedule Property and the Purchaser agreed to purchase the same for a total sale consideration of Rs. _______/- (Rupees _____________ Only) 

       WHEREAS: the Vendor also agreed to give a General Power of Attorney in favour of the Purchaser in respect of the scheduled property to act on his/her behalf and in his/her name.       

NOW THEREFORE THIS DEED OF AGREEMENT OF SALE-CUM-GENERAL POWER OF ATTORNEY WITNESSETH AS FOLLOWS

1.    It is agreed between the Vendor and the Purchaser that the Vendor agreed to sell and the Purchaser agreed to purchase the above said property for a sum of Rs. ________/- (Rupees ______________ Only) which is free from encumbrances and the said Purchaser have paid the Entire Sale Consideration of Rs. _______/- (Rupees ________________ Only) and the receipt of which the Vendor hereby admits and acknowledges, and the said Vendor have also handed the vacant possession of the said house to Vendee today.

2.    That the Purchaser shall execute regular Sale Deed in favour of the Purchaser or her nominee or nominees, and will deliver the vacant possession of the scheduled property to the said Purchaser.                                                             

3.    The Purchaser shall bear all the expenses of sale, such as stamp duty, registration  fee,  etc.,  for execution  of registered  Sale Deed and the said property will be conveyed either in whole or in parts in favour of the Purchaser or her nominee or nominees as and when required by the Purchaser.                          

4.    The Vendor have assure the Purchaser that there are no encumbrances, charges, mortgages or subsisting agreement of sale or litigations in respect of the said property in favour of any person or persons.

5.    The land is no an assigned land within the meaning of ___ Assigned Lands ( Prohibition of Transfers )Act 9 of 1977 and that the said property does not belong to and is not under mortgage to Government or their Agencies/Undertakings.

6.    The Vendor is unable to complete the sale transaction personally due to domestic pre-occupations, as such executes this Agreement of Sale Cum-General Power of Attorney in favour of the Purchaser to act in his/her name and on his/her behalf as the agent of the Vendor, and the Vendor have also handed the link documents, papers, relating to scheduled property to Vendee.  

7.    Time is not essence of this contract. And the Vendor have also handed the vacant possession of said property to Vendee today to-hold unto the same for ever as its owner  without any obstruction or hindrance either by the said Vendor or anybody else claiming the said Vendee in future period as the said Vendor have received the full and final sale amount under this document.

8.    The Vendor hereby authorize the said Purchaser/Attornies to do the following acts in his/her name and on behalf of the Vendor.   

                                               

i)     To execute the Sale Deed in favour of himself herself/ or his/her nominee or nominees and get it duly registered or to enter into Agreement of Sale in favour of third parties in respect of the said property either whole or in parts for any consideration which it deems reasonable in its absolute discretion and receive the earnest money and acknowledge the receipt of the same.         

ii)          To execute the Sale Deed or Deeds in favour of the third parties and receive the sale consideration, and to present the sale deed or deeds, executed by it in favour of third parties before the concerned registering officer, admit execution and receive sale consideration and to procure the registration of the sale deeds.

iii)   To execute, sign and file all the statements, petitions, applications and declarations, etc., necessary for the incidental to the completion of registration of the scheduled sale deed / deeds.

iv)    To complete the sale of the scheduled property and handed over the vacant possession of the said property to the Purchaser, Sub-Purchaser, etc.

v)          To appear and act in all Courts, Civil, Criminal, Revenue, whether original or appellate, in the registration and other offices of the State and Central and of Local Bodies in relating to the said property. 

vi)   To sign and verify plaints, written statements, petitions of claims and objection of all kinds and file them in such courts and offices and to appoint Advocates and other legal practitioners to file and receive back documents to deposit and withdraw money and grant receipts in relation to the said property.

      

vii)   Generally to act as the Attorney or agent of the Vendor in respect of the scheduled property in relation to the matters aforesaid and to execute and do all deeds, acts and thins to the extent of the scheduled property as fully and effectually in all respects as the Vendor or himself/herself would do if personally present.

viii)  The Vendor for herself his/her heirs, executors, successors, legal representatives, administrators, administrations and assignees hereby ratify and confirm and agree to ratify and confirm all the acts, deeds and things lawfully done by the said Attorney namely the Purchaser in pursuance of these presents.

SCHEDULED OF THE PROPERTY 

ALL THE ___________________________________________ _______________________________________________________ And morefully described in Plan in Red colour annexed to this document  bounded by:

       NORTH    :      _______________.

                          

       SOUTH    :      _______________.

       EAST       :     _______________.

       WEST      :     _______________.

             

This property is more specifically shown and delineated in RED colour in the plan annexed.                                                          

       IN WITNESS WHEREOF the Vendor and Purchaser herein put their hands and signatures on this Agreement of Sale-Cum-General Power of Attorney out of their free will and consent, on the date, first mentioned in the presence of following witnesses.

WITNESSES:                                       

1.                                                   

                                                                      VENDOR           

2.                                                                  PURCHASER

RECEIPT

I, ____________ S/o W/o D/o ____________ Aged about ____ years, Occupation ______ R/o H.No. _________________________

Do hereby received a sum of Rs. _______/- (Rupees ____________ Only) towards full and final settlement in respect of ___________________________________________________________________________ from the purchaser as under

____________ S/o W/o D/o ____________ Aged about ____ years, Occupation ________ R/o H.No. ____________________________

       Hence, this Receipt is made and executed on this the ___ day of  _________ at _________ in the presence of the following witnesses.

WITNESSES:  

                    

1.                                                   

                                                                                 

                                                                     EXECUTANT

2.