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ACCOUNTABLE RECEIPT
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Pending the Completion of Sale of an Immovable property, the Advocate for the Purchaser of the property receives the original title deeds for verification. This is the precedent of an Accountable receipt to be issued by the Advocate for the Purchaser.
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DEED OF TRANSFER OF A FLAT WHERE THE BODY OF THE FLAT PURCHASERS IS YET NOT FORMED AND THE HOUSING LOAN AVAILED BY THE TRANSFEROR IS ALSO TO BE DISCHARGED
The Transferor has purchased the Flat in the Real Estate Project/Building from the Developer. The Transferor has also availed housing loan from the Bank. The body of all the Flat Purchasers is yet not formed. The Transferor desires to sell the Flat and simultaneously desires to discharge the liability of the Bank. This is the precedent of Deed of Transfer for the same. This precedent can be used for commercial premises also with suitable changes.
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DEED OF INDEMNITY FOR ISSUANCE OF DUPLICATE SHARE CERTIFICATE BY THE CO-OPERATIVE HOUSING SOCIETY
This is the precedent of a Deed of Indemnity wherein the obligor makes an Application to the society for issuance of duplicate share certificate on account of the loss of the original share certificate in respect of the premises as detailed therein.
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LOCK OUT AGREEMENT
The parties intend to sell and buy the property/flat etc. However, the negotiations and finalization may take some time. Pending the same, they want to bind each other for the specific time to enable them to finalise the terms and arrive to the proper contract. This is a precedent of lockout agreement for the above purpose.
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PUBLIC NOTICE BY CO-OPERATIVE HOUSING SOCIETY FOR ISSUING DUPLICATE SHARE CERTIFICATE
This is a precedent of Public Notice issued by Co-operative Housing Society inviting objections, if any, before proceeding to issue duplicate Share Certificate to the member of the Society.
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DEED OF TRANSFER OF A FLAT FROM EXECUTOR TO LEGATEE
This is a precedent of Deed of Transfer wherein the Executor of the Probated Will of the Deceased is formally transferring the property mentioned therein to the Beneficiary/Transferee upon terms and conditions as detailed in the Deed.
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REQUISITIONS BY THE PURCHASER ON THE VENDOR’S TITLE TO THE PROPERTY
When an immovable property is being purchased, the Purchaser and/or his advocate raise requisitions on the Vendor’s title to the property. This is a standard precedent of requisition on the Vendor’s title to the property.
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AGREEMENT TO FORM A PRIVATE LIMITED COMPANY FOR JOINT DEVELOPMENT OF AN IMMOVABLE PROPERTY
This is a precedent of an Agreement to form a Private Limited Company for joint development of an Immovable Property for the purposes of Shareholding, Directorship and Management of the Company upon terms and conditions as detailed in the Agreement.
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THE DECREE/ JUDGMENT PASSED IN APPEAL COURT SUBORDINATE TO HIGH COURT/APPELLATE TRIBUNAL UNDER RERAÂ CAN BE CHALLENGED BY WAY OF AÂ SECOND APPEALÂ BEFORE THE HIGH COURT (SECTION 100 OF CODE OF CIVIL PROCEDURE, 1908)
The Decree/Judgment passed by any Appellate Civil Court in the appeal which Court is sub ordinate to High Court can be challenged by way of a Second Appeal before the High Court. This is a precedent of Second Appeal to High Court under Section 100 of Code of Civil Procedure, 1908. This precedent will be also helpful for an Appeal to High Court under Section 58 of The Real Estate (Regulation and Development Act, 2016 (RERA).
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TRANSFER OF A FLAT BY THE VENDOR TO A THIRD PARTY ON OWNERSHIP BASIS SUBJECT TO THE RIGHTS OF AN EXISTING TENANT
This is a precedent of Deed of Transfer wherein the Transferor has agreed to sell, transfer and convey subject to the tenancy possession and other rights of the Tenant and upon terms and conditions as detailed in the Deed.
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DEED OF TRANSFER OF AN IMMOVABLE PROPERTY FROM EXECUTOR TO LEGATEE
This is a precedent of Deed of Transfer of an immovable property by Executor to Legatee under the will. The deceased has died leaving a Will (which is probated) under which the particular property is to be transferred to the legatee.
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MEMORANDUM OF UNDERSTANDING FOR SALE OF A FLAT
The Vendor is the Owner of a resident flat which he intends to sale to the Purchaser on the agreed terms. This is a precedent of Memorandum of Understanding (MOU) whereby the Vendor has agreed to sale the flat on agreed terms.
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CONVEYANCE OF IMMOVABLE PROPERTY FROM EXECUTOR TO LEGATEES
This is a precedent of Deed of Conveyance whereby the Executor of the proved Will of the deceased is transferring the immovable property (Land & Building) in favour of the legatees/beneficiaries as provided under the Will.
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