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(for Islamabad)
Sale Agreement
This Agreement to sell is made and
entered into at Islamabad on the
_______________ day
of __________, 2005 between Mr
_________________________S/o________________
Resident of
________________________________________________
holding N.I.C
__________________,hereinafter
called the First Party/ Seller,
which expression shall include his
legal heirs, successors in interest
and assignees on the One Part.
AND
Mr ____________ S/o ________________
resident
of__________________________
Holding N.I.C
___________________,hereinafter
called the Second Party/
Purchaser, which expression shall
include his legal heirs, successors
in
interest and assignees on the other
part.
Whereas the First Party /Seller is
absolute and lawful Owner / Allottee
of
Double Storey House No______
measuring ______= ______ sq yards ,
situated at
street_____, Sector______, Islamabad
, vide CDA allotment / transfer
letter No
_________________
Dated________, which is free from
all sorts of liens / encumbrances .
AND WHEREAS the First Party / Seller
has agreed to sell the above said
House to
the purchase and the purchaser has
also agreed to purchase the said
house
(hereinafter called the “Said
Property”) at a mutually settled
price of
Rs.____________/-(Rupees_________
_______________________ ) on the
terms & conditions appearing
hereunder:-
That the First Party / Seller has
received a sum of Rs____________ /-
(________
__________ )as earnest Money from
the second Party / Purchaser .
That the Second Party will pay the
remaining sale consideration a sum
of
Rs_____________ (Rupees
_______________________ ) to the
First Party / Seller
on or before ____ day of ___,2004 at
the time of transfer of the above
said
property in favour of Second Party /
Purchaser or his nominee(s) in the
office
of C.D.A.
That all the relevant documents, in
Original , will be delivered by the
First
Party / Seller to the Second Party /
Purchaser or his nominee at the time
of
transfer of said property in the
office of CDA.
That the Seller hereby assures and
covenants with the Purchaser that
the said
property is free from all sorts of
Claims, liens & encumbrances
Whatsoever
nature and that he has good right ,
title and lawful authority to sell
the said
House in all respect.
That the Seller shall be responsible
for all the liabilities, dues,
property
taxes and charges / utility bills
etc, payable / dues to the CDA,
Government or
other concerned authority up to date
at the time of transfer of the said
property.
That if the Seller refuses this deal
or fails to transfer the said House
/
property in the name of purchaser or
his nominee(s) , then the Seller
will be
responsible and bound to pay double
amount of the received biana money
to the
purchaser immediately .And in this
case the purchaser will also be
competent
to complete this deal through the
Court of Law ,on risk and cost of
Sellers. In
this case any objection by the
Sellers will not be considered.
That if the Purchaser backs out from
this deal or fails to pay the
balance sale
consideration within stipulated
time, then this deal will be
considered
cancelled and received biana /
earnest money will be forfeited.
That Physical and Vacant possession
of the said House / Property with
all
fittings , fixtures and
installations will be handed over at
the time of final
Payment / transfer to the second
party / purchaser.
That the First party / Seller will
be responsible and bound to get
Completion
Certificate from the CDA, N.O.C ’s /
NDC from CDA, Islamabad or any other
concerned departments of the above
said House / Property before
transfer.
That First party / Seller has also
agreed , that the Second Party /
Purchaser is
at liberty to get the said house /
property transferred in his own
favor or in
favor of any other person(s) desired
by him.
AND THE FIRST PARTY HEREBY ASSURES
THE SECOND PARTY
-
That the First Party / Seller
has paid all dues , taxes ,
assessments,
ceases payable in respect of the
said property up to the date of
these
presents, which if not so paid,
then the First Party / Seller
alone shall be
liable for the payment thereof.
-
That the First Party / Seller
have not taken any loan against
the said
property, from any person, Bank
or Co-operative Society nor does
any liability
exists against the said
property.
-
That the First Party / Seller
has not stood surety or
guarantor of any
person or organization in
respect of any bail or loan from
any Co-operative
Bank or organization in respect
of any form or manner against
the said property
and it is also certified that
the said property has not been
sold / mortgaged
to previously.
-
That the First Party / Seller
has not entered into any deal
overtly or
and covertly with any person /
party in respect of said
property.
IN WITNESSES WHEREOF , both the
parties have signed this
Agreement to Sell in
presence of witnesses below:-
Seller Name:-__________________
Purchaser Name:-________________
NIC:- ________________________
NIC:- __________________________
Witnesses:
1)____________________________
2) ________________________
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