SOFTWARE AND HARDWARE SALE AND PURCHASE AGREEMENT

AGREEMENT FOR SALE OF A HOUSE WHEN PURCHASE MONEY IS TO BE PAID IN INSTALLMENTS

THIS AGREEMENT made at ................................ this day of ................., 2000, between A, son of ............................  resident of ........................... (hereinafter called the Vendor) of the ONE PART and B, son of            .............................  resident of .......................... (hereinafter called the Purchaser) of the OTHER PART.

WHEREAS the Vendor is absolutely seized and possessed of or well and sufficiently entitled to the house more fully described in the schedule hereunder written.,

AND WHEREAS the Vendor has agreed to sell and the Purchaser has agreed to purchase the said house for a consideration of Rs. .................. out of which the Purchaser has paid a sum of Rs. ................... as earnest money in part payment of the purchase price and has accepted the title of the vendor as at the date of this Agreement;

 AND WHEREAS the Purchaser has shown his inability to pay the balance consideration in one lump sum and has requested the Vendor to accept the balance purchase price in instalments which the Vendor has agreed upon the terms and conditions hereinafter appearing.

IT IS MUTUALLY AGREED BETWEEN THE PARTIES AS FOLLOWS:

(1) The Vendor shall sell and the Purchaser shall purchase the house bearing No........, situated at ____________.......... more fully described in the Schedule hereunder written and hereinafter called the said house, at the price of Rs. ........... out of which the Purchaser has paid Rs. ..........  as earnest money on            .............. to the vendor and balance purchase price will be payable by instalments of Rs. ......... each per quarter on.......... day or ..........., .............  day of ............  day of       ............    and .............. day of    ............. in every year, the first payment being made on the date of this agreement (the receipt of which the Vendor hereby acknowledges) and the last, payment to be made on                               ................

SALE OF PROPERTY TO VARIOUS PURCHASERS AS TENANTS-IN-COMMON

THIS Deed of Sale made at  ....................... this ............  day of.............., 2000, between A, son of.......................... resident of     ........................................  (hereinafter referred to as i.e. Vendor) of the ONE PART and (i) B, son of                           ............................... resident of  ..............................  (ii) C, son of ____________.............. resident of ____________..........................   (iii) D, son of           ........................ resident of ........................... (hereinafter collectively referred to as the Purchasers) of the OTHER PART.

THIS DEED WITNESSETH AS FOLLOWS:

In consideration of Rs..................... paid to the Vendor by the Purchaser in equal shares (the receipt whereof the Vendor hereby acknowledges), the Vendor hereby grants, conveys, transfers and sells to the Purchasers all that property described in the Schedule hereto, to have and to hold the same unto the Purchasers as absolute owners in equal shares tree from encumbrance or charge.

An Instrument for Purchase of a Flat in Resale where Society or Limited Company or Condominium is yet to
 be formed
 

DEED FOR SALE

 THIS DEED OF SALE MADE AT ____________ this ________ day of ______________ 200___ BETWEEN (1) ABC and (2) XYZ, both 
 of _________, Indian Inhabitants having their common address 
at _________________________________________________________________ _________________________, hereinafter collectively called ?THE VENDORS? (which expression shall unless it be repugnant to the context or meaning thereof be deemed to mean and include their respective heirs, executors and administrators) of the One Part; and (1) DEF and (2) PQR, both of ________, Indian Inhabitants, having their common address at ____________________________________________, hereinafter collectively called ?THE PURCHASERS? (which expression shall unless it be repugnant to the context or meaning thereof be deemed to mean and include their respective heirs, executors, administrators and assigns) of the Other Part:

 WHEREAS:?

(a)  By an agreement for sale dated __________________ and made between M/s. Pinky Builders, therein and hereinafter referred as the ?THE DEVELOPERS? of the One Part and the Vendors herein and therein referred to as the ?THE PURCHASERS? of the other part, the said Developers agreed to sell and the Vendors agreed to purchase a Flat No. _____ of Built up area admeasuring _________ square feet on the 2nd floor 
of the building known as ?AAVISHKAR? situate at __________ _______________________________________________ (hereinafter referred as ?the said Flat?) on the terms and conditions recorded therein. The said agreement for sale is duly stamped and registered as required in law and the same is in possession of the Vendors. The land on which the said building is constructed is more particularly described in the First Schedule hereunder written. The said flat is more particularly described in the second schedule hereunder written.

(b)  The Vendors have complied with all their obligations under the said agreement for sale dated 10th May, 1999 with the said Developers and have also made payment of entire consideration to the said Developers and the said Developers have put the Vendors in vacant and peaceful possession of the said flat as owners thereof.

(c)  The Vendors are seized and possessed of or otherwise well and sufficiently entitled to the said flat.

(d)  The various Purchasers of the flats and other premises in the said building ?AAVISHKAR? have yet to form the Co-operative Housing Society.

(e)  The Purchasers have agreed to purchase and acquire from the Vendors the said flat and all their right, title and interest therein, free from all encumbrances and reasonable doubts of whatsoever nature to which the Vendors have agreed upon the terms and conditions recorded hereinafter;

 NOW THIS DEED WITNESSETH and it is hereby agreed by and between the parties hereto as follows:?

1.   The Vendors hereby sell, transfer, convey and assign, free from all claims and encumbrances whatsoever, all and singular their ownership right, title and interest in the said Flat No. ___ admeasuring ______ sq.ft., of Built up area on the 2nd floor of the building known as ?AAVISHKAR? situate at ________________________________ and more particularly described in the First Schedule hereunder written together with all their rights and benefits under their agreement for sale dated ______________________ with the said Developers to 
 the Purchasers at and for the lumpsum price of 
 Rs. ______________/- (Rupees ________________ only) already paid in full on or before the execution of these presents (the payment and receipt whereof the Vendors do and each of them doth hereby admit, confirm and acknowledge).

2.   It is agreed and recorded that upon execution hereof the sale of the said flat by the Vendors in favour of the Purchasers is completed and the Vendors have delivered vacant and peaceful possession of the said Flat to the Purchasers as owners thereof along with their said Original agreement for sale dated _______ _____________ with the said Developers. 

3.   The Vendors have at their cost obtained the Developers consent and No Objection Certificate for transfer of the said flat in favour of the Purchasers.