Agreement to Sell

An Agreement to Sell is a legally binding contract outlining the terms for a future property transfer from seller to buyer, governed by India’s Transfer of Property Act, 1882, Section 54, Registration Act, 1908 and Indian Contract Act, 1872. It protects both parties’ interests, mitigates risks like breach (e.g., damages under Indian Contract Act) and sets the stage for the final Sale Deed. 

Novam Legal delivers expert, compliant Agreement to Sell services, ensuring secure and transparent property transactions. Here’s how an Agreement to Sell delivers value for your business:

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    Process Steps for an Agreement to Sell with Novam Legal

    Consultation and Transaction Assessment

    We discuss property details, buyer-seller needs and specific terms to tailor the agreement, per Transfer of Property Act, 1882.

    Document Collection and Verification

    We gather and verify property documents (e.g., Title Deed, Encumbrance Certificate) to ensure clear title and compliance.

    Customized Agreement Drafting

    We draft a legally compliant agreement, including payment schedules, possession dates and contingencies.

    Review and Revisions

    Both parties review the draft and we incorporate feedback to ensure mutual consent and clarity.

    Finalization and Compliance Check

    We finalize the agreement, ensuring adherence to legal standards and advising on optional registration.

    Optional Paid Execution Support

    We deliver the finalized agreement, with optional paid support for signing coordination and record-keeping, billed separately.

    Benefits of an Agreement to Sell

    Legal Safeguards Strengthened

    Defines rights and obligations, enabling remedies for breach under Indian Contract Act, 1872.

    Transaction Clarity Ensured

    Specifies terms like payment and possession, minimizing misunderstandings or disputes.

    Loan Approvals Supported

    Meets bank requirements for home loan processing, facilitating financing.

    Compliance Risks Minimized

    Aligns with Transfer of Property Act, 1882 and optional registration enhances enforceability.

    Sale Deed Foundation Established

    Provides a clear framework for the final Sale Deed, ensuring consistency and legal alignment.

    Prerequisites for an Agreement to Sell

    Deliverables for an Agreement to Sell with Novam Legal

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    Review

    4500

    • Examine Draft Agreement
    • 30 mins Discussion with lawyer
    • Identify Risks & Gaps
    • Relined Document in 1 day

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    Frequently asked Questions

    A legally binding contract outlining terms for a future property transfer, per Transfer of Property Act, 1882.

    It clarifies terms, protects against disputes and supports loan approvals before the Sale Deed.

    An Agreement to Sell commits to a future transfer; a Sale Deed finalizes ownership transfer.

    Typically 5–10 days, depending on document readiness and revisions.

    The Compulsory Registration Scheme, or CRS, for electronic and IT products was first put into place by the Ministry of Electronics and Information Technology.

    Yes, by mutual consent or for breach, per Indian Contract Act, 1872.

    ID proof, address proof, Title Deed, Encumbrance Certificate and Property Tax Receipts.

    No, signing coordination is an optional paid service, billed separately.

    Yes, it meets bank requirements for loan processing, per industry standards.

    Legal remedies like damages or specific performance can be sought, per Indian Contract Act, 1872.

    Based on the consideration amount, per Indian Stamp Act, 1899 and state-specific rates.

    Clear terms and compliance checks reduce risks of fraud or disputes, per Transfer of Property Act, 1882.

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    When I decided to incorporate my business, I was overwhelmed by the complexities of the process. NOVAM Legal made it incredibly easy. Their team guided me through every step, handled all the paperwork, and ensured everything was compliant. The entire process was smooth and efficient, saving me both time and stress. I couldn’t be happier with the level of professionalism and attention to detail they provided. I highly recommend NOVAM Legal to anyone looking to incorporate their business!

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    We were in the midst of preparing for a critical fundraising round, and NOVAM Legal’s business valuation service gave us the confidence and clarity we needed. Their team provided an accurate and detailed valuation that resonated with potential investors, helping us position our company effectively. The process was smooth, transparent, and tailored to our specific needs. Thanks to NOVAM Legal, we were able to secure the investment we needed to take our business to the next level. I highly recommend their services to any startup looking for professional support during fundraising.

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    Samar P. S.

    A stress-free, professional experience with NOVAM Legal!

    When I needed a critical business agreement drafted, NOVAM Legal delivered beyond my expectations. Their team was incredibly thorough, ensuring every clause was tailored to protect my interests while maintaining clarity and fairness. The level of detail and legal expertise they brought to the table was impressive, and they made sure to explain the complex legal terms in a way that was easy to understand. The entire process was seamless, and I felt confident knowing I had a well-crafted agreement in place. I would highly recommend NOVAM Legal to anyone in need of professional legal drafting services.

    Samar P. S.

    Freelancer
    Raj G.

    A stress-free, professional experience with NOVAM Legal!

    When I needed a critical business agreement drafted, NOVAM Legal delivered beyond my expectations. Their team was incredibly thorough, ensuring every clause was tailored to protect my interests while maintaining clarity and fairness. The level of detail and legal expertise they brought to the table was impressive, and they made sure to explain the complex legal terms in a way that was easy to understand. The entire process was seamless, and I felt confident knowing I had a well-crafted agreement in place. I would highly recommend NOVAM Legal to anyone in need of professional legal drafting services.

    Raj G.

    Founder & CEO, Xentrix Corp.

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