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1. Parties: Details of the seller and buyer, including names, addresses, and legal capacity
2. Background: Context of the transaction, including brief property history and parties' intention to enter into a sale transaction
3. Definitions: Key terms used in the MoU including 'Property', 'Purchase Price', 'Completion Date', etc.
4. Property Details: Comprehensive description of the property including address, dimensions, boundaries, and registration details
5. Purchase Price: Agreed purchase price, payment structure, and payment milestones
6. Due Diligence: Buyer's right to conduct property investigation and seller's obligation to provide necessary documents
7. Conditions Precedent: Conditions that must be satisfied before proceeding with the final sale
8. Representations and Warranties: Seller's declarations regarding property title, encumbrances, and legal status
9. Timeline: Expected dates for key milestones including due diligence, payment, and final sale deed execution
10. Costs and Expenses: Allocation of transaction costs including stamp duty, registration fees, and professional fees
11. Binding and Non-Binding Provisions: Clear distinction between which MoU provisions are legally binding and which are not
12. Termination: Circumstances under which the MoU can be terminated and consequences thereof
13. Governing Law and Jurisdiction: Specification of Indian law as governing law and relevant jurisdiction for disputes
1. Earnest Money Deposit: Terms regarding initial deposit payment, if required
2. Third Party Rights: Required if there are existing tenants or other third-party interests in the property
3. Force Majeure: Provisions for unforeseen circumstances preventing performance, if parties wish to include this protection
4. Confidentiality: Required if parties wish to keep the transaction details confidential
5. Assignment: Include if either party might need to assign their rights under the MoU
6. Broker/Agent Details: Required if property agents or brokers are involved in the transaction
7. Development Rights: Needed if the property has unutilized development potential or TDR
8. Environmental Matters: Required for industrial properties or properties with potential environmental concerns
1. Property Schedule: Detailed property description including exact measurements, boundaries, and included fixtures/fittings
2. Payment Schedule: Detailed breakdown of payment installments and timelines
3. Title Documents List: List of all title and property documents to be reviewed during due diligence
4. Encumbrance Certificate: Recent encumbrance certificate showing any registered transactions or charges
5. Property Tax Receipts: Copies of recent property tax payments and outstanding dues
6. Existing Contracts: Details of any existing contracts affecting the property (lease agreements, maintenance contracts, etc.)
7. Property Pictures and Plans: Recent photographs of the property and approved building plans
Property
Seller
Purchaser
Purchase Price
Completion Date
Deposit
Due Diligence Period
Encumbrances
Title Documents
Completion Date
Business Day
Earnest Money
Force Majeure Event
Governmental Authority
Land Records
Material Adverse Effect
Permitted Encumbrances
Property Documents
Registration
Sale Deed
Stamp Duty
Transfer
Valuation
Vacant Possession
Working Day
Effective Date
Completion
Conditions Precedent
Default
Encumbrance Certificate
Initial Payment
Parties
Property Tax
Representatives
Schedule
Title
Definitions
Property Description
Purchase Price
Payment Terms
Due Diligence
Conditions Precedent
Representations and Warranties
Covenants
Title and Ownership
Encumbrances
Property Inspection
Completion
Registration and Transfer
Stamp Duty
Costs and Expenses
Risk and Insurance
Property Possession
Environmental Compliance
Force Majeure
Confidentiality
Notices
Assignment
Termination
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Indemnification
Time of Essence
Further Assurance
Good Faith
Survival
Third Party Rights
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Hospitality
Retail
Manufacturing
Healthcare
Education
Technology
Agriculture
Legal
Real Estate
Compliance
Finance
Operations
Corporate Affairs
Facilities Management
Risk Management
Property Management
Business Development
Corporate Secretarial
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Chief Legal Officer
Property Developer
Asset Manager
Facilities Manager
Real Estate Consultant
Corporate Lawyer
Company Secretary
Chief Financial Officer
Real Estate Portfolio Manager
Transaction Manager
Due Diligence Officer
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