When the property is kept for sale or if it is purchased there should be proper documents and the agreements. The agreements will have the terms and conditions under which the seller will intend to sell the land and same thing will be under which the buyer is intending to purchase it. This will ease with smooth culmination transaction without any disputes and an agreement to sell is an important document for the sale or purchase of the property. Because this agreement contains the conditions by the parties agree to perform certain acts and it also binds them to the terms and the conditions which will be agreed upon.
The agreement to sell goes before the execution of a sale deed and the following sale deed is based on the agreement to sell. This agreement will be signed and examined by the seller and by the buyer on a non-judicial stamp paper and such as it will be having the legal value and it can be produced as evidence. Agreement to sell is the base document on which the transference or sale deed is drafted and every document of conveyance of property by way of sale will be headed by an agreement to sell. In disparity the sale deed is a document which is carried out by both buyer and seller of the property.
In the agreement to sell there must be the names of the parties, residential addresses, age, date and place of the execution of the agreement, proficiency of the parties to enter into the agreement, rights and liabilities of the parties and so on. This agreement protects the interests of the both parties which will bond to both of them.
Source: NIMMA BENGALURU
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