The Agreement for Sale of Flat is a crucial legal document used in Indian real estate transactions when transferring ownership rights of a residential flat from a seller/developer to a buyer. This agreement is essential for compliance with the Real Estate (Regulation and Development) Act, 2016 (RERA) and other applicable property laws in India. It is typically used both for under-construction properties and completed flats, detailing everything from property specifications and payment schedules to possession timelines and maintenance terms. The agreement serves as the primary document for property registration and must be registered under the Registration Act, 1908. It includes comprehensive details about the property, parties involved, payment terms, and various representations and warranties to ensure legal compliance and protect all stakeholders' interests.

1. Parties: Details of the seller/builder and purchaser including names, addresses, and legal status

2. Background: Recitals explaining the context of the sale, property ownership history, and intention to sell/purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the flat including location, measurements, and boundaries

5. Price and Payment Terms: Total consideration, payment schedule, and mode of payment

6. Possession: Terms and timeline for handling over possession of the property

7. Seller's Representations and Warranties: Declarations regarding title, encumbrances, and authority to sell

8. Purchaser's Representations and Warranties: Declarations regarding financial capacity and compliance with requirements

9. Title and Transfer: Process and obligations for transferring clear title to the purchaser

10. Maintenance and Utilities: Responsibilities for maintenance charges, utility connections and deposits

11. Registration and Expenses: Requirements for registration and allocation of associated costs

12. Default and Remedies: Consequences and remedies in case of breach by either party

13. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

14. Notices: Method and addresses for serving notices between parties

15. Governing Law and Jurisdiction: Applicable laws and courts having jurisdiction

16. Execution: Signature clauses and witness details