Require draft of agreement for sale
03-Jun-2025 (In Property Law)
Just deal with property given token also & we need a draft of agreement for sale for home loan process please guide also tell me the charges of above draft
Since you’ve paid a token amount and are proceeding with a home loan, it is essential to execute a proper Agreement for Sale to secure your interest and comply with lender requirements.
Purpose of Agreement for Sale:
Legally binds the seller to complete the sale.
Sets out terms like total consideration, payment schedule, possession date, and loan clause.
Enables the bank to process your home loan application based on a registered or notarised agreement.
Key Clauses:
Parties’ details
Property description
Total sale consideration
Token amount paid
Timeline for payment and execution of Sale Deed
Obligation to cooperate in loan documentation
Possession and default clause
Charges:
Drafting charges for an Agreement for Sale typically range from ₹10000–₹50000 depending on the complexity and advocate
Next Step:
Engage a lawyer to draft the Agreement based on your payment terms and loan requirements. You may also opt for e-registration if your state permits.
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first of all u have to mention the city where u need the draft and also what is the valuation of the property and how much token u are taking from person so I should guide u in details and in that agreement of sale u have to register it but it is ur choice where to register it may be at Registrar office or register it on notary so charges may vary on that...
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