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TERM SHEET
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This a precedent of Term Sheet whereby the Developer /Owner of the immovable property is intending to appoint the Project Manager/Development Manager for managing the development of the real estate project.
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PUBLIC NOTICE BY CO-OPERATIVE HOUSING SOCIETY FOR TRANSFER OF SHARES IN FAVOUR OF THE LEGAL HEIRS OF THE DECEASED
This is a precedent of Public Notice issued by Co-operative Housing Society inviting objections, if any, before proceeding to transfer the shares held by the deceased member of the society in favour of the legal heirs of the deceased.
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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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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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AGREEMENT FOR SALE OF IMMOVABLE PROPERTY
The Vendor is the Owner of an Immovable property, who has agreed to sale the same to the Purchaser. This is the precedent of an Agreement for sale.
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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 FOR INVESTIGATING THE TITLE OF THE PROPERTY
The Purchaser of an immovable property issues Public Notice in the newspapers inviting claims and objections. This is the precedent of Public Notice for investigating the title of the property.
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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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CONVEYANCE OF IMMOVABLE PROPERTY BY AN ADMINISTRATOR OF THE ESTATE OF THE DECEASED IN FAVOUR OF THE PURCHASERS
This is a precedent of Deed of Conveyance whereby the Administrator of the estate of the deceased appointed by the Competent Court is transferring the immovable property (Land & Building) with the confirmation of the legal heirs of the deceased in favour of the Purchasers.
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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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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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DEED OF TRANSFER OF AN APARTMENT UNDER THE PROVISIONS OF THE MAHARASHTRA APARTMENT OWNERSHIP ACT, 1970
This is a precedent of Deed of Transfer of an Apartment under MAOA between the parties to record the agreement arrived at between them and completes the transaction upon the terms and conditions as detailed in the Deed.
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DEED OF TRANSFER WHEREBY THE PARTNERSHIP FIRM IS TRANSFERRING THE UNIT IN THE SOCIETY TO THE RETIRING PARTNER
This is a precedent of Deed of Transfer wherein the Partnership Firm is transferring, conveying and assigning the Industrial Unit as mentioned therein to the Transferee being the Retiring Partner of the Partnership Firm upon terms and conditions as detailed in the Deed.
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