The Short Land Purchase Agreement is a streamlined legal instrument designed for straightforward land transactions in India. It is particularly useful when parties need a clear, concise document that covers all essential aspects of a land purchase without the complexity of a full-scale agreement. This document type is commonly used for transactions involving vacant land, agricultural plots, or straightforward commercial property transfers. The agreement must comply with Indian legal requirements, including the Transfer of Property Act, Registration Act, and relevant state laws. It's structured to include all necessary elements while maintaining brevity and clarity, making it suitable for both individual and corporate transactions. The document typically requires registration at the Sub-Registrar's office and payment of appropriate stamp duty as per state regulations.
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1. Parties: Identification of the seller and purchaser with complete details including names, addresses, and legal capacity
2. Background: Brief context of the transaction and confirmation of seller's ownership
3. Definitions: Key terms used in the agreement including 'Property', 'Purchase Price', 'Completion Date'
4. Property Details: Specific description of the land being sold including location, boundaries, and measurements
5. Sale and Purchase: Core agreement to sell and purchase the property
6. Purchase Price: Agreed price, payment terms, and method of payment
7. Completion: Details of completion date, process, and documentation requirements
8. Seller's Representations: Essential warranties about ownership, encumbrances, and legal authority to sell
9. Registration and Expenses: Responsibilities for registration costs, stamp duty, and other expenses
10. Governing Law: Confirmation of Indian law application and jurisdiction
1. Conditions Precedent: Include when completion is subject to specific conditions such as obtaining permissions or clearances
2. Environmental Matters: Include for agricultural or industrial land to address any environmental concerns
3. Power of Attorney: Include when either party is acting through an authorized representative
4. Tax Matters: Include when specific tax implications need to be addressed
5. Third Party Rights: Include when there are existing tenants or other rights holders
6. Force Majeure: Include when specific provisions for unforeseen circumstances are required
1. Property Schedule: Detailed property description including measurements, boundaries, and survey numbers
2. Title Documents: List of title documents evidencing seller's ownership
3. Payment Schedule: If payment is to be made in installments, detailed payment timeline
4. Encumbrances: List of existing charges, liens, or encumbrances on the property
5. Property Documents: List of all property-related documents to be handed over on completion
Relevant legal definitions
Clauses
Sale and Purchase
Property Description
Title
Purchase Price
Payment Terms
Completion
Representations and Warranties
Registration and Stamp Duty
Property Handover
Encumbrances
Due Diligence
Indemnification
Force Majeure
Notices
Governing Law
Dispute Resolution
Assignment
Entire Agreement
Severability
Costs and Expenses
Property Description
Title
Purchase Price
Payment Terms
Completion
Representations and Warranties
Registration and Stamp Duty
Property Handover
Encumbrances
Due Diligence
Indemnification
Force Majeure
Notices
Governing Law
Dispute Resolution
Assignment
Entire Agreement
Severability
Costs and Expenses
Relevant Industries
Real Estate
Agriculture
Manufacturing
Retail
Hospitality
Healthcare
Education
Logistics
Commercial Development
Industrial Development
Residential Development
Relevant Teams
Legal
Real Estate
Property Management
Business Development
Operations
Finance
Compliance
Facilities Management
Corporate Affairs
Administration
Relevant Roles
Real Estate Manager
Property Acquisition Manager
Legal Counsel
Business Development Manager
Facilities Manager
Property Developer
Land Acquisition Officer
Corporate Real Estate Director
Expansion Manager
Real Estate Agent
Property Consultant
Legal Manager
Company Secretary
Chief Financial Officer
Operations Director
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