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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 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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AN INSTRUMENT FOR PURCHASE OF A FLAT IN RESALE WHERE SOCIETY OR LIMITED COMPANY OR CONDOMINIUM IS YET TO BE FORMED
This is a precedent of an Instrument for Purchase of Flat in Re-sale wherein the Purchasers have agreed to purchase the Flat from the Vendor where the Society or Limited Company or Condominium is yet to be formed upon the terms and conditions as detailed in the Instrument.
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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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DEED OF TRANSFER OF A FLAT WHERE THE BODY OF THE FLAT PURCHASERS IS YET NOT FORMED
The Transferor has purchased the Flat in the Real Estate Project/Building from the Developer. The Transferor has not availed any housing loan from the Bank. The body of all the Flat Purchasers is yet not formed. The Transferor desires to sell the Flat. 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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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 INTENDING PURCHASERS OF AN IMMOVABLE PROPERTY
The Purchaser of an immovable property to show his bonafide issues Public Notice in the newspapers making his intention to buy the property public and inviting claims and objections. This is the Public Notice by Intending Purchaser of an immovable property.
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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 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 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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THE DECREE/ JUDGMENT PASSED IN APPEAL COURT SUBORDINATE TO HIGH COURT/APPELLATE TRIBUNAL UNDER RERA CAN BE CHALLENGED BY WAY OF A SECOND APPEAL 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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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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