What is an agreement to sale?
An “Agreement To Sale” is a contract between seller and buyer, where seller agrees to sell a property to buyer at future date, subject to terms and conditions mentioned in the agreement. It is an important document in the process of sell and purchase of a property. It contains terms & conditions agreed and signed between the parties to sell a property at future date. An Agreement To Sale is an important document for Home loan application. It is mandatory to frank the agreement. The franking cost is decided by your bank, generally, the franking cost ranges from Rs. 200 to 0.1% of selling price. Agreement To Sale is not a Sale deed and it doesn’t convey the ownership. it is just a preliminary agreement with agreed terms and conditions to execute a sale deed at future date. Step by step procedure to execute an “Agreement To Sale”: Step 1: Below are the list of documents require from seller to prepare an “Agreement To Sale” Absolute Sale deed Khata certificate & ex...