SALE
THIS
AGREEMENT TO SELL is made at
BETWEEN
………………………………………..,Muslim, adult, Holding CNIC No…………………R/o……………………………….,
Karachi hereinafter referred to as the “Vendor”
which expression wherever the context so permit shall mean and include his
heirs, legal representatives, successors, executors, administrators, attorneys,
assigns and all persons claiming title through or under him of the One Part,
A
N D
……………………………………………….Muslim, adult, Holding
CNIC No………………………R/o………………………………..,
WHEREAS the vendor is at the date of these presents sole
and undisputed lawful owner, seized, possessed of and is otherwise well and
sufficiently entitled to Shop No.7, located on Ground Floor, admeasuring 332
sq.ft. or thereabout, Plot No.12-C, Street No.11, Badar Commercial Area,
Phase-V (Ext) situated in Pakistan Defence Officers Housing Authority or thereabout where Estilo Wardrobe is carrying
out the business of Tailoring and Designing, hereinafter referred to the said
Property.
AND
WHEREAS the Vendor has agreed to sell and the Vendee has agreed to purchase
the said property with a good marketable title free from all claims, charges,
liens, demands and encumbrances of whatsoever nature and in vacant possession
for a total sale consideration of Rs. 23,00,000/- (Rupees twenty three
lacs only).
NOW THIS
AGREEMENT WITNESSETH on the terms and conditions hereinafter appearing.
1.
That the Vendee has already paid
a sum of Rs. 13,00,000/- (Rupees thirteen lacs) to the Vendor through
Pay order No………. dated 6.12.2010 drawn on Standard Chartered Bank Pakistan Ltd. and also a sum of Rs.50,000/-
totaling to Rs.13,50,000/- (Thirteen lacs fifty thousand only) to the vendor,
which has been acknowledged through a separate receipt.
2.
That the
balance amount of Rs.9,50,000/- (Nine lac fifty thousand) has been paid by the
Vendee to the vendor today through Pay
Order of Rs.7,00,000/- bearing No.____________ dated__________ drawn on
_________________________________ and Pay order of Rs. 2,50,000/- bearing
No.........................., dated .......drawn on Faisal Bank Ltd.
3.
That the
Vendee has thus paid the total sale consideration of Rs. 23,00,000/- to the
Vendor which is acknowledged by him.
4.
That the
vendor has handed over all the original documents of the said property to the
Vendee.
5.
That the
vendor has also handed over the physical possession of the said property to the
vendee.
6.
That the vendors further covenant with the vendee that
the allotment /transfer order/lease in respect of the said property is in full
force and is subsisting and the vendor has not committed any thing by which the
same may be impaired or has become or may become void or voidable and that she
has not prior to the date of these presents done, made, committed, caused or
knowingly suffered to be done any such act, thing, deed whereby or by reason of
which the right to transfer the said
property has been or may be impaired or that the property is charged,
encumbered or prejudicially effected in any way.
7.
That the
Vendor hereby assures the vendee that he
is the lawful owner of the said property, which is free from all sorts or
claims, lien, charges, and encumbrances whatsoever in nature and that they
have perfect and good title and lawful
authority to sell the said property to the vendee in all respects.
8.
That the
Vendee shall have the right to get the said property transferred in his own
name or in the name of his nominee(s) and the Vendor hereby undertakes to do
all acts, deeds and things necessary and expedient for the transfer of the said
property in the name of the Vendee or his nominee before the concerned Departments.
9.
That the
vendors shall be responsible to pay all the dues, property taxes, water and
conservancy charges, electricity and sui gas charges to the concerned
authorities upto the date of singing of this agreement and thereafter the
Vendee shall be responsible to pay the same.
10.
That the
vendee shall bear transfer fee and all
documentation charges in connection with transfer of the aforesaid property in his name or his nominee’s name.
11.
That in case
it is found that the title and rights of the vendor were legally defective and
there were found any impediment in the transfer in favour of the vendee then
the vendor thereby undertakes to fully secure and indemnify the vendee for all
costs, charges, liabilities, expenses, losses, detriments, actions, suits,
litigations demands and claims referred by any person against or in respect of
the said property.
12.
That the
Vendor has agreed to execute a General Power of Attorney in respect of the said
property in favour of ………………………….Muslim,
adult, holding CNIC No. ……………………..r/o……………, DHA, Phase-V (Ext) Karachi to do all things, acts, and deeds as
mentioned in the said General Power of Attorney.
IN WITNESS
WHEREOF both the parties hereto have put their respective signatures at
VENDOR
VENDEE
WITNESSES
1……………….. 2………………..
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