The Sale Agreement of Immovable Property is a fundamental document in Indian real estate transactions, essential for both residential and commercial property transfers. It is used when parties have agreed to the sale of immovable property but need to formalize the terms before executing the final sale deed. The agreement must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and state-specific property laws. It typically includes comprehensive details about the property, parties involved, consideration amount, payment schedule, warranties, and conditions for transfer. This document is particularly important as it creates a legally binding obligation between the parties and serves as the basis for the subsequent registration of the sale deed. The agreement must be stamped according to state stamp duty laws and should address all contingencies related to the property transfer, including title clearance, possession handover, and outstanding dues settlement.

1. Parties: Details of the seller(s) and purchaser(s) including names, addresses, and legal capacity

2. Background: Context of the sale, brief property history, and intention of the parties to enter into the agreement

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

4. Property Details: Brief description of the property being sold (detailed description in Schedule)

5. Consideration: Purchase price, payment terms, and payment schedule

6. Seller's Representations and Warranties: Declarations regarding ownership, encumbrances, legal disputes, and property condition

7. Title and Documents: Confirmation of clear title and list of title documents to be provided

8. Possession: Terms and timing of property possession transfer

9. Registration and Expenses: Details about registration process and allocation of associated costs

10. Covenants and Undertakings: Obligations of both parties before and after sale completion

11. Default and Remedies: Consequences of breach and available remedies

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

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

14. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction

15. Execution: Signature blocks and execution formalities