What is an agreement to sell?

Q: What is an agreement to sell?

An Agreement to Sell is a legal contract between a property seller and buyer that outlines the terms and conditions of the property sale before the final sale deed is executed. In Nagpur (and across India), it is governed by the Indian Contract Act, 1872 and the Transfer of Property Act, 1882. Key points about an Agreement to Sell: It mentions details like property description, sale price, payment schedule, possession date, and obligations of both parties. It is a promise to transfer ownership in the future after fulfilling certain conditions, such as full payment or obtaining necessary approvals. It protects both parties if either side fails to meet their commitments, the other can seek legal remedies. It is usually registered (especially if possession is given) to make it legally enforceable. 💡 Example: If you’re buying a flat in Nagpur but the seller needs 3 months to vacate, an Agreement to Sell secures your rights until the sale deed is completed.

Posted by admin on August 29, 2025

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An Agreement to Sell is a legal contract between a property seller and buyer that outlines the terms and conditions of the property sale before the final sale deed is executed.

In Nagpur (and across India), it is governed by the Indian Contract Act, 1872 and the Transfer of Property Act, 1882.

Key points about an Agreement to Sell:

It mentions details like property description, sale price, payment schedule, possession date, and obligations of both parties.
It is a promise to transfer ownership in the future after fulfilling certain conditions, such as full payment or obtaining necessary approvals.
It protects both parties if either side fails to meet their commitments, the other can seek legal remedies.
It is usually registered (especially if possession is given) to make it legally enforceable.

💡 Example: If you’re buying a flat in Nagpur but the seller needs 3 months to vacate, an Agreement to Sell secures your rights until the sale deed is completed.