The Conveyance Agreement is a fundamental document in Indian property law, used to legally transfer ownership of immovable property from one party to another. This document is essential when conducting any property transaction in India, whether for residential, commercial, or industrial purposes. The agreement must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and state-specific property laws. It contains crucial information about the property, parties involved, consideration amount, and various warranties and representations. The document becomes particularly important as it serves as evidence of the transfer and helps establish a clear chain of title. A properly executed Conveyance Agreement is required for registration with the local sub-registrar's office and is often needed for obtaining financing, insurance, or during subsequent property transfers.
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1. Parties: Identifies and provides full details of the transferor (seller) and transferee (purchaser) including names, addresses, and legal capacity
2. Background: Recitals explaining the ownership history of the property, the intention to transfer, and any relevant background information
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Details of Property: Comprehensive description of the property being conveyed including boundaries, measurements, and registration details
5. Consideration: States the agreed purchase price and payment terms including any deposits paid
6. Transfer and Possession: Explicitly states the transfer of rights and arrangements for giving possession
7. Seller's Representations and Warranties: Warranties regarding title, encumbrances, legal compliance, and authority to transfer
8. Title Documents: Lists all title documents and confirms their handover to the purchaser
9. Registration and Expenses: Details about registration requirements and allocation of expenses
10. Governing Law and Jurisdiction: Specifies applicable law and courts having jurisdiction
11. Execution: Formal execution clause and space for signatures and witnesses
1. Existing Encumbrances: Details of any existing mortgages, liens, or encumbrances and their handling
2. Pending Litigation: Disclosure of any pending litigation affecting the property
3. Third Party Rights: Details of any existing tenancies, easements, or other third-party rights
4. Tax Clearance: Specific clauses regarding tax clearances and certificates
5. Environmental Compliance: Environmental clearances and compliance statements if required
6. Development Rights: Transfer of development rights if applicable
7. Force Majeure: Provisions for unforeseen circumstances preventing completion
8. Indemnification: Additional indemnification provisions beyond standard warranties
1. Property Description Schedule: Detailed technical description of the property including measurements and boundaries
2. Title Documents Schedule: List of all title documents being transferred
3. Payment Schedule: Detailed breakdown of payment terms if payment is in installments
4. Encumbrances Schedule: List of existing encumbrances if any
5. Permits and Approvals: List of all relevant permits and approvals relating to the property
6. Property Tax Records: History of property tax payments and outstanding dues
7. Site Plan: Architectural drawings or site plans of the property
Relevant legal definitions
Property
Deed
Transferor
Transferee
Consideration
Completion Date
Completion
Title Deeds
Encumbrances
Effective Date
Fixtures and Fittings
Property Documents
Registration
Stamp Duty
Transfer
Permitted Use
Business Day
Applicable Laws
Authorities
Bank
Possession
Schedule
Agreement
Property Rights
Due Diligence
Force Majeure
Improvements
Liabilities
Material Adverse Effect
Occupancy Rights
Outgoings
Parties
Plans
Property Tax
Purchase Price
Representatives
Title Insurance
Utilities
Warranties
Deed
Transferor
Transferee
Consideration
Completion Date
Completion
Title Deeds
Encumbrances
Effective Date
Fixtures and Fittings
Property Documents
Registration
Stamp Duty
Transfer
Permitted Use
Business Day
Applicable Laws
Authorities
Bank
Possession
Schedule
Agreement
Property Rights
Due Diligence
Force Majeure
Improvements
Liabilities
Material Adverse Effect
Occupancy Rights
Outgoings
Parties
Plans
Property Tax
Purchase Price
Representatives
Title Insurance
Utilities
Warranties
Clauses
Recitals
Definitions
Property Description
Consideration
Payment Terms
Title Transfer
Possession
Representations and Warranties
Title Covenants
Registration and Stamp Duty
Property Inspection
Due Diligence
Encumbrances
Third Party Rights
Environmental Compliance
Property Tax
Force Majeure
Indemnification
Risk Transfer
Insurance
Notices
Further Assurance
Severability
Assignment
Entire Agreement
Governing Law
Dispute Resolution
Costs and Expenses
Execution
Definitions
Property Description
Consideration
Payment Terms
Title Transfer
Possession
Representations and Warranties
Title Covenants
Registration and Stamp Duty
Property Inspection
Due Diligence
Encumbrances
Third Party Rights
Environmental Compliance
Property Tax
Force Majeure
Indemnification
Risk Transfer
Insurance
Notices
Further Assurance
Severability
Assignment
Entire Agreement
Governing Law
Dispute Resolution
Costs and Expenses
Execution
Relevant Industries
Real Estate
Construction
Banking and Finance
Infrastructure
Industrial Manufacturing
Hospitality
Retail
Healthcare
Education
Agriculture
Relevant Teams
Legal
Real Estate
Compliance
Corporate Secretarial
Facilities Management
Asset Management
Property Administration
Risk Management
Documentation
Finance
Relevant Roles
Legal Counsel
Property Manager
Real Estate Manager
Compliance Officer
Company Secretary
Chief Legal Officer
Real Estate Director
Asset Manager
Facilities Manager
Transaction Manager
Property Acquisition Manager
Real Estate Development Manager
Corporate Counsel
Title Officer
Documentation Specialist
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