Is it necessary to hire a legal advocate to prepare sale agreement for property in Bangalore?

 Yes, it is absolutely necessary to hire an advocate to prepare sale agreement.

An advocate verify following documents before drafting your sale agreement.

  • An absolute sale deed of seller
  • Encumbrance certificate
  • Latest tax paid receipt
  • Khata certificate & extract
  • Occupation certifcate
  • RTC extract
  • Layout approval
  • No objection certificate

And many more documents, pertaining to the factor of property like flat, land, independent building, commercial property, BBMP limited, panchayat limit, etc..

Based on the above documents and factors, a sale agreement is carefully drafted.

Generally, a sale agreement includes the following details,

  • Date on which sale agreement is being executed
  • Name, Father/Husband’s name, age, Address and PAN card details of the vendor(s) and Purchaser(s)
  • Schedule of the property
  • Title flow of the property
  • Total sale consideration i.e. total sale value
  • Mode of payment & Transaction numbers
  • Vendor obligations and declarations
  • Indemnification of vendor
  • Non-solicitation of vendor

In general, a sale agreement has 3 sub-schedules. For example, Schedule A, Schedule B, and Schedule C.

Schedule A: Refer to a larger portion of the project. Probably measured in acres.

Schedule B: Refer to the undivided land share. Measures in Sq.ft or Sq.mt. (This is applicable only for an apartment) and common amenities.

Schedule C: Refer to the exact unit of the project. Measurement of your flat size in Sq.ft or Sq.mt.

Therefore it’s very important to hire an advocate because an advocate extracts important details and draft the customized agreement for you.

Below is the image of a mock “Agreement for sale”.

In Bangalore, We provide the service of drafting & executing Sale agreement, Agreement to sell, Agreement for sale. Our service includes obtaining sign from seller & buyer, franking, and home-delivered. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp +91–9742479020.

Thank you for reading…

Location: Bengaluru, Karnataka, India

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