Agreement of Sale Cum G.P.A. (Registered)

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 Vendee)

The terms Vendor and Vendee 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 the ________ _____________________________________________________________________

          AND WHEREAS the Vendor herein offered to sell the said property hereinafter shall be referred to as the Scheduled Property which is morefully described in the schedule of property and delineated in Red Color in the Plan annexed and the Vendee 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 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 Vendee that the Vendor agreed to sell and the Vendee agreed to purchase the above said property for a sum of Rs._________/- (Rupees _______________________ Only) which is free from encumbrances. And the Vendee have paid total sale consideration of Rs.________/- (Rupees _____________________ Only) before the Sub-Registrar ___________ to Vendor 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 Vendee shall execute regular Sale Deed in favour of the Vendee or his/her nominee or nominees, and will deliver the vacant possession of the scheduled property to the said Vendee.                                     

                                                                                     

3.       The Vendee 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 Vendee or his/her nominee or nominees as and when required by the Vendee.                             

4.       The Vendor have assure the Vendee 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 A.P. 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 Vendee 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 any body 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 Vendee/Attorney 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 Vendee.

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 himself/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 Vendee in pursuance of these presents.

SCHEDULED OF THE PROPERTY

All that the _______________________________________________________ _____________________________________________________________________ and morefully described in Plan in Red color annexed to this document bounded by:-

          NORTH      :         __________________.

          SOUTH      :         __________________.

          EAST          :        __________________.

         WEST         :         __________________.          

                                                          

This property is more specifically shown and delineated in Red color in the plan annexed.

                                                                                                                                                                         

The market value of the scheduled property is Rs._________/- and Stamp Duty of Rs._______/- is paid on this document in pursuance of Clarification of __________ and ___________ in __________ (i) of his/her proceedings No. ____________, dated: ________         

                                                         

          IN WITNESS WHEREOF the Vendor and Vendee 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.                                                                                                        VENDEE