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ADVISORY
ARTICLES |
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REAL ESTATE INFO
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Hyderabad Real Estate |
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LEGAL DOCUMENTS |
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| Sale
Agreement |
| Whereas VENDOR agree
to sell the said property for a specific
sale consideration. That the VENDEE agrees
to purchase the said property for the
said price. In consideration of that the
VENDEE paid a part of said consideration
to the VENDOR by way of cash at the time
of execution of this agreement, towards
advance. The VENDOR hereby acknowledges
the receipt of the same. Further the VENDEE
agrees to pay the balance consideration
on or before ___ days/months from the
date of execution of this agreement. That
on the VENDEE making available the consideration
amount within stipulated time, VENDOR
agree to execute the register a Sale Deed
on the said property in VENDEE’s
favour or her nominee at VENDEE’s
costs. VENDOR hereby assures that the
said property is free from all encumbrances
including mortgages, charges, court litigation,
and other statutory etc. VENDOR hereby
agrees to clear all such dues on or before
registration with his costs. |
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| Sale
Deed |
| In this sale deed seller
is called as VENDOR and the buyer is called
as VENDEE the Vendor therefore hereby
convey, transfer and assign all their
right, title and interest in the property
to the Vendee at specific consideration
and the possession of the same is also
delivered to the Vendee by Vendor. The
Vendee shall thereafter enjoy the property
as absolute owners with absolute rights
of gifts, sales etc., and enjoy the same
from generation to generation in peacefully
without any let or hindrance by paying
taxes to the Government. |
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| Gift
Deed |
| There are two parties
in this Gift deed called as DONER and
DONEE. WHEREAS the DONOR have agreed to
transfer the piece and parcel of the property
and premises to the DONEE as a Gift of
the schedule property. Subject to the
payment by the Donee of all existing and
future taxes, charges, assessment and
ground rent in respect of the same and
the DONEE has agreed to accept the same
subject to such conditions. |
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| Mortgage
Deed |
| It is an agreement
between the parties that the property
is to stand as a continuing security for
the credit limit/load sanctioned by the
mortgagee to that borrower/mortgagor and
it will be enforceable for all monies
which may at any time become due and owing
by the borrower/mortgagor to the mortgagee/lender
under the credit account and/or all other
accounts, was after expiry of the period |
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| Surrender
Deed |
| By this surrender deed
Party of the FIRST PART are desirous of
transferring their properties in favour
of the person who shall be admitted as
a member of the society, which is registered
under provision of Act, 1960 and has further
admitted to transfer her/ his share and
interest in respect on property and has
further requested the society that she/he
has no interest existing in the said plot
no.___ and she/he is ready and willing
to surrender her leasehold rights in the
society willfully along with the right,
title, if any and interest in shares without
any consideration from the society. |
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| Indemnity
Deed |
| There are two parties
called “EXECUTANT” and “PURCHASER”.
That the executants has assured the purchaser
and in case the purchaser is dispossessed
form the property due to his any legal
mis-stagement or concealment of the facts
of for any other reason whatsoever by
the concerned authority or any concerned
department / society at any stage. The
executants shall indemnify to keep the
purchaser harmless at all times and shall
pay him three times of the amount which
he have secured from him as by virtue
of an agreement to sell along with bank
interest thereon. |
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| Release
Deed |
| By this Release Deed
the First party has released and relinquished
in favour of the second party all their
rights, titles and interest in the property
and to hold the same as the absolute owner
along with all furniture and fixtures
standing thereon. And the first party
does hereby declare that the said premises
is and has been the exclusive property
of the second party with effect form that
day. That the first party, does hereby
declare that the second party is entitled
to have his name incorporated as the owner
of the property in the records of the
society by transferring share, title and
interest in his name. And the first party
will do every such assurance or thing
for further or more perfectly assuring
the property released to the second party
as me be reasonably required. |
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| Lease
Deed |
| In this Lease deed,
parties are called as LESSOR and LESSEE.
Whereas the lessor has agreed to let and
lessee has agreed to take on lease the
property. The lessee shall pay rent to
the lessor or his authorized agents per
month on or before the 1st day of each
succeeding month, calculated according
to the English Calendar. And the Lessee
will handover the leased property to the
Lessor as it is after completion of the
Lease Time. |
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| Transfer
Deed |
| In this Deed there
are two parties called “TRANSFEROR”
and “TRANSFEREE”. The Transferor
is a registered member of a Co-operative
housing Society operative Societies Act,
1960. When the Transferor has agreed to
sell and transfer to the Transferee, then
the Transferee has agreed to purchase
and acquire all right, title and interest
of the Transferor in the property. The
Transferee has paid some consideration
to the Transferor. The Transferor has
handed over to the Transferee the vacant
and peaceful possession of the said premises
along with the original of the said share
certificate and all other documents pertaining
to the property and the Transferee has
requested the Transferor to execute these
presents which the Transferor has agreed
to do in the manner hereinafter. |
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| Certificate
of Title |
| This is a Certificate,
which is issued by the Revenue department
to know the said property is clear and
marketable and there are no encumbrances.
The Title certificate is on the basis
of search conducted from the revenue records
of last 30 years. |
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| Power
of Attorney |
| This deed will execute
by the PRINCIPAL infavour of the AGENT
WHEREAS the Principal is not in a position
to manage the property personally as he
is residing at a distance place. Then
the Principal will executed this deed
to manage the property as per the will
of the Agent and enter into transaction
of agreement to sell, sale, gift, lease,
mortgage etc., on his behalf with regard
to the property at the discretion of his
attorney for such consideration as may
deem fit & To get Loans and Credit
cards from all nationalized banks, Co-operative
banks, private banks and private persons
by way of mortgaging of property, if necessary
The “AGENT” is responsible
to account for all the said transactions
when called for by the “PRINCIPAL”. |
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| AP
Stamp Duty |
| This is a State Government
tax assessed on the selling price of the
property. Each state has different rules
and calcuations. Purchaser has to pay
stamp duty on sale deeds. In the case
of exchanges, both the parties have to
pay duty in equal shares. In leases it
is payable by lessee. In partitions it
is payable by the parties in proportion
to their respective shares. In all other
cases, the duty is generally payable by
the executant's of the document. |
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