SALE OF PART OF LEASEHOLD PROPERTY
THIS DEED OF SALE is made on this ________ day of _______________ between
Sh._______________ s/o Sh.____________ R/o ________________ hereinafter called "the
Vendor" (which expression shall unless repugnant to the context or meaning thereof include his
heirs, executors, administrators, legal representatives and assigns) of the one part.
AND
Sh. __________________ s/o Sh. _________________R/o________________ hereinafter called
"the Purchaser" (which expression shall unless repugnant to the context or meaning thereof
include their respective heirs, executors, administrators, legal representatives and assigns) of the
other part.
WHEREAS
1. The Vendor is in possession of land situated at _____________ more particularly described in
the schedule hereto under a lease deed dated ____________ executed between the Vendor and
Sh. ___________s/o Sh.____________ R/o _________________ at the yearly rent of Rs.
__________ for a term of ____ years subject to the covenants and conditions therein contained.
2. The Vendor has agreed to sell part of the land more particularly described in the schedule
annexed hereto and the Purchaser has agreed to purchase the same for Rs. _____________
subject to the payment of yearly rent of Rs. ____________ (part of the said yearly rent of
Rs.__________) and on the terms and conditions hereinafter appearing.
NOW THIS DEED WITNESSETH AS FOLLOWS:
1. In consideration of the sum of Rs. _____________ to be paid at the time of the registration of
this deed by the Purchaser to the Vendor, the Vendor as lessee hereby conveys, assigns and
transfers to the Purchasers ALL that said land more particularly described in the schedule
annexed hereto and thereon shown with its boundaries coloured red and comprised in the
aforementioned lease deed TO HOLD the same to the Purchaser for the residue now unexpired
of the said term of years and the renewal or renewals thereof subject henceforth to the payment
of the yearly rent of Rs. _____________ reserved by and the performance and observance of
covenants and conditions on the part of the lessee contained in the aforesaid lease deed.
2. The Vendor hereby covenants with the Purchaser as follows:
a. That all rents and the covenants and conditions reserved and contained as per the said
lease deed have, on the part of the Vendor, been duly paid and observed and performed
up to the date hereof and that that the Vendor has done nothing which shall have the
effect of the forfeiture of the said lease deed or which shall invalidate the said lease deed.
b. That the Purchaser shall quietly entered into the said property and held and enjoyed,
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the rents and profits received therefrom without any interruption or disturbance by the
Vendor or any person claiming through or under him and without any lawful disturbance
or interruption by any other person whomsoever.
c. That the Vendor shall, at all reasonable times and at the cost of the person requiring the
same, sign, execute and do all other acts, deeds and things as may be necessary for
further assuring the said property to the Purchaser, his heirs or assigns as may reasonably
be required.
3. The Vendor and the Purchaser hereby covenants with each other as follows:
a. That the Vendor and the Purchaser will, at all times hereafter during the subsistence of
the said lease deed, pay the yearly rent of Rs.____________ and Rs.________________
respectively out of the total yearly rent of Rs.____________ reserved by the said lease
deed and observe and perform all the covenants and conditions reserved and contained as
per the said lease deed and henceforth, on the part of the lessee, to be observed and
performed,
b. That the Purchaser and the Vendor will, at all times hereafter during the subsistence of
the said lease deed, keep indemnified the Vendor from and against the payment of rent as
aforesaid and the observance and performance of the said covenants and conditions
reserved and contained as per the said lease deed and all actions, claims and demands,
whatsoever, for or on account of the same or in connection therewith so far as they relate
to the portions of the property comprised in the said lease belonging to them,
respectively.
4. That all taxes, municipal or otherwise in regard to the said property shall be borne and paid by
the Vendor upto the date of registration of this sale deed and thereafter by the Purchaser.
5. That the Vendor has obtained the requisite income tax clearance certificate from the
authorities concerned to get the sale deed registered in favour of the Purchaser.
6. That all the expenses of stamp duty, transfer charges of Municipal Corporation and
registration fee, etc., of this sale deed be borne and paid by Purchaser.
IN WITNESS WHEREOF, the parties hereunto have signed this agreement this __________
day of ____________.
(The schedule herein referred to)
(Description of the property)
The Vendor
The Purchaser
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WITNESS:
1.
2.
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