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1. Parties: Identification and details of all parties involved in the settlement agreement
2. Background: Context of the settlement, including history of property ownership and reasons for settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter: Detailed description of the property/properties being settled
5. Settlement Terms: Core terms of the settlement including transfer details and conditions
6. Consideration: Details of payment or other consideration for the settlement
7. Representations and Warranties: Declarations by parties regarding property title, encumbrances, and authority to settle
8. Handover and Possession: Terms and process for transferring possession of the property
9. Tax Implications: Allocation of responsibility for various taxes and duties
10. Registration and Stamp Duty: Requirements and responsibilities for document registration and stamp duty payment
11. Governing Law and Jurisdiction: Applicable laws and courts having jurisdiction over disputes
12. Dispute Resolution: Process for resolving any disputes arising from the agreement
13. Notices: Method and addresses for serving notices under the agreement
14. Execution: Signature clauses and execution formalities
1. Mortgage and Encumbrances: Include when property has existing mortgages or encumbrances that need to be addressed
2. Third Party Rights: Required when there are existing tenants or other third-party interests in the property
3. Maintenance and Repairs: Include when settling responsibility for pending repairs or maintenance issues
4. Family Settlement Provisions: Required when the settlement is part of a family arrangement or divorce settlement
5. Environmental Matters: Include for properties with environmental concerns or compliance requirements
6. Development Rights: Required when transferring or reserving development rights
7. Utilities and Outgoings: Include when addressing transfer of utility connections and pending bills
8. Force Majeure: Optional clause for handling unforeseen circumstances affecting settlement completion
1. Property Description Schedule: Detailed description of property including boundaries, measurements, and registration details
2. Title Documents Schedule: List of all title documents and their custody arrangements
3. Payment Schedule: Detailed breakdown of payment terms, installments, and payment methods
4. Encumbrance Schedule: List of existing encumbrances, mortgages, or liens on the property
5. Outstanding Dues Schedule: Details of pending taxes, utility bills, or other dues
6. Inventory Schedule: List of fixtures, fittings, or other items included in the settlement
7. Compliance Documents: Copies of necessary permits, approvals, and compliance certificates
8. Power of Attorney: If applicable, power of attorney documents authorizing representatives
Property
Transferor
Transferee
Effective Date
Completion Date
Settlement Amount
Title Deeds
Encumbrances
Permitted Encumbrances
Registration Authority
Stamp Duty
Force Majeure
Business Day
Applicable Law
Consideration
Property Documents
Outstanding Dues
Possession
Transfer Documents
Occupancy Certificate
Municipal Authority
Property Tax
Utilities
Deed of Transfer
Completion Certificate
Survey Number
Land Records
Common Areas
Improvements
Fixtures and Fittings
Material Breach
Notices
Representation and Warranties
Registrar
Sub-Registrar
Recitals
Definitions
Consideration
Transfer of Title
Possession
Representations and Warranties
Covenants
Registration and Stamp Duty
Tax Compliance
Encumbrances
Title Documents
Property Handover
Risk and Insurance
Indemnification
Force Majeure
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Notices
Costs and Expenses
Further Assurance
Compliance with Laws
Third Party Rights
Assignment
Waiver
Good Faith
Counterparts
Real Estate
Legal Services
Banking and Financial Services
Construction
Property Development
Family Law
Urban Planning
Property Management
Insurance
Consultancy Services
Legal
Real Estate
Compliance
Property Management
Documentation
Risk Management
Finance
Operations
Administrative Support
Customer Relations
Legal Counsel
Property Lawyer
Real Estate Manager
Property Valuer
Compliance Officer
Family Law Attorney
Real Estate Agent
Property Registration Officer
Settlement Officer
Title Insurance Officer
Property Documentation Specialist
Real Estate Transaction Manager
Legal Documentation Manager
Property Rights Specialist
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