This memorandum of understanding (MOU) details an agreement between a vendor/seller and a purchaser/buyer for the sale of a property. It specifies the names and addresses of both parties, describes the property including its address and area, and states the sale price and earnest money that was provided. The purchaser agrees to pay the balance within a set time period once legal documents and payments are completed by the vendor. Both parties will equally share transfer fees for the society. This MOU is valid for a set number of months, after which a formal sale agreement or contract will be executed.
This memorandum of understanding (MOU) details an agreement between a vendor/seller and a purchaser/buyer for the sale of a property. It specifies the names and addresses of both parties, describes the property including its address and area, and states the sale price and earnest money that was provided. The purchaser agrees to pay the balance within a set time period once legal documents and payments are completed by the vendor. Both parties will equally share transfer fees for the society. This MOU is valid for a set number of months, after which a formal sale agreement or contract will be executed.
This memorandum of understanding (MOU) details an agreement between a vendor/seller and a purchaser/buyer for the sale of a property. It specifies the names and addresses of both parties, describes the property including its address and area, and states the sale price and earnest money that was provided. The purchaser agrees to pay the balance within a set time period once legal documents and payments are completed by the vendor. Both parties will equally share transfer fees for the society. This MOU is valid for a set number of months, after which a formal sale agreement or contract will be executed.
This memorandum of understanding (MOU) details an agreement between a vendor/seller and a purchaser/buyer for the sale of a property. It specifies the names and addresses of both parties, describes the property including its address and area, and states the sale price and earnest money that was provided. The purchaser agrees to pay the balance within a set time period once legal documents and payments are completed by the vendor. Both parties will equally share transfer fees for the society. This MOU is valid for a set number of months, after which a formal sale agreement or contract will be executed.
This is agreed between Vendor/Seller/Developer/Lessor/Licensor Smt / Shri / M/s
_________________________________________________________________________ ___________, aged____ yrs residing / registered office at _________________________________________________________________________
_____________________________________________________________________, Indian / Non-Indian, and
the Purchaser/Buyer/ Lessee/Licensee Smt / Shri / M/s
___________________________________________________________________, aged ____yrs residing / registered office at _________________________________________________________________________ ________,
Indian / Non-Indian,
that the below said/mentioned property is for sale / leave and licence / lease.
Name of the property
Address/Location
Area in sq. ft.
Seller / Vendor
Buyer / Purchaser
Mode & Date of Agreement
Earnest money / Token in Rupees
The Vendor has agreed to sale/lease/rent & the purchaser has agreed to buy/acquire on lease/rent the above said property for total compensation amount of Rupees___________________________________________________________________ _____ only (___________________in figure), of which the earnest amount of 2
Rupees__________________________________________________ only (________________in figure) is paid by the purchaser.
The purchaser has agreed to pay the balance amount within
_______________days/months duration from today, i.e,______________ provided all the instruments of property i.e; legal aspects (title clearance, encumbrances, rights, etc. if any) , NOC from the appropriate authorities (society, municipal corporation, etc.),outstanding property taxes, fees of any utility company( MTNL, MGL, Electric co. ,etc.) or any other required needs are cleared, obtained, updated or satisfied by the vendor.
The transfer fees of the society has been agreed to be shared equally by vendor and purchaser.
The above dated “memorandum of understanding” is valid till ___ months OR a more robust contract / legal binding document viz; “Agreement to sale’ / “Sale Deed” / Lease Deed / Leave & License agreement is drawn between the vendor and purchaser.
Accepted Accepted
For Seller/Vendor For Purchaser/Buyer
Signature of the Vendor: Signature of the purchaser:
Name Name
Witness:
1)
2) 3
Token Receipt (Earnest amount receipt)
Received with thanks the sum of Rupees_______________________________________________
only (Rs. ) paid by cheque dated _____________ drawn on
______________________________________________ bank as the earnest amount (token) for the
below mentioned property to sell / lease / rent from Smt / Shri / M/s
The Stress-Free Guide to Parenting a Child With ADHD: Effective and Proven Strategies for Alleviating Anxiety and Forming Strong Bonds Without the Hassle
The Stress-Free Guide to Parenting a Child With ADHD: Effective and Proven Strategies for Alleviating Anxiety and Forming Strong Bonds Without the Hassle
