A Contract For Sale Of Commercial Property is a crucial legal document used in Indian real estate transactions when transferring ownership of commercial real estate from a seller to a purchaser. This document is essential for any business entity or individual looking to acquire or dispose of commercial property in India, whether it's office space, retail establishments, industrial facilities, or other commercial real estate assets. The contract must comply with various Indian laws including the Transfer of Property Act, Registration Act, and local property regulations. It typically includes detailed provisions about the property, price, payment terms, warranties, and completion requirements. This type of agreement is particularly important in the Indian context due to the complex nature of property laws and the requirement for strict compliance with state-specific regulations and stamp duty requirements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of the seller and purchaser, including registration/incorporation details for companies
2. Background: Context of the sale, brief property description, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property, including location, dimensions, and boundaries
5. Sale Consideration: Purchase price, payment terms, deposit requirements, and payment schedule
6. Conditions Precedent: Conditions that must be satisfied before completion of the sale
7. Seller's Representations and Warranties: Warranties regarding title, encumbrances, litigation, compliance with laws, etc.
8. Purchaser's Representations and Warranties: Warranties regarding capacity to purchase, funding sources, etc.
9. Title and Transfer: Provisions regarding clear title, execution of transfer deed, and registration requirements
10. Completion: Process and requirements for completing the sale, including documentation and timelines
11. Possession: Terms for handing over physical possession of the property
12. Expenses and Taxes: Allocation of transaction costs, stamp duty, registration fees, and tax liabilities
13. Default and Remedies: Consequences of default by either party and available remedies
14. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
15. Notices: Process for sending formal communications between parties
16. General Provisions: Standard clauses including severability, entire agreement, amendments, etc.
1. Due Diligence: Detailed provisions for property investigation period, applicable when purchaser requires specific due diligence rights
2. Environmental Compliance: Specific provisions regarding environmental assessments and compliance, needed for properties in industrial zones or with potential environmental concerns
3. Existing Tenancies: Provisions dealing with current tenants and leases, required when property is leased
4. Foreign Investment Compliance: Required when either party is a foreign entity, ensuring FEMA compliance
5. Development Rights: Provisions regarding unused development potential or TDR, relevant for properties with development potential
6. Insurance: Provisions regarding property insurance during the transition period
7. Property Management: Interim management provisions between agreement and completion, needed for operational properties
8. Force Majeure: Provisions for unforeseen circumstances affecting completion, recommended for high-value transactions
1. Property Description Schedule: Detailed property description including boundaries, measurements, and floor plans
2. Title Documents Schedule: List of all title and ownership documents
3. Payment Schedule: Detailed breakdown of payment terms and installments
4. Encumbrances Schedule: List of existing encumbrances, liens, or mortgages
5. Compliance Schedule: List of required permits, licenses, and compliance certificates
6. Inventory Schedule: List of fixtures, fittings, and other items included in the sale
7. Outstanding Litigation Schedule: Details of any pending litigation affecting the property
8. Existing Tenancy Schedule: Details of current lease agreements and tenants
9. Due Diligence Documents: List of documents provided for due diligence
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property Development
Retail
Hospitality
Healthcare
Information Technology
Manufacturing
Banking and Financial Services
Logistics and Warehousing
Education
Professional Services
Industrial
Relevant Teams
Legal
Real Estate
Finance
Compliance
Operations
Risk Management
Corporate Development
Facilities Management
Asset Management
Property Management
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Real Estate Analyst
Investment Manager
Asset Manager
Development Manager
Compliance Officer
Finance Director
Operations Director
Commercial Director
Risk Manager
Find the exact document you need
Car Sell Agreement Form
An Indian law-compliant agreement for the sale and transfer of ownership of a motor vehicle, detailing vehicle specifications, conditions, and transfer terms.
find out more
Aircraft Pre Purchase Agreement
An Indian law-governed agreement setting out terms and conditions for aircraft inspection and potential purchase, incorporating local aviation regulations and international standards.
find out more
Sell Agreement Of Land
A legally binding agreement for land transfer in India, compliant with the Transfer of Property Act and Registration Act, detailing sale terms and conditions.
find out more
Real Estate Purchase And Sale Agreement Form
An Indian law-governed agreement documenting the terms and conditions for the sale and purchase of real estate property, ensuring legal compliance and protecting parties' interests.
find out more
Purchase Sale Agreement Business
An Indian law-governed agreement facilitating the complete transfer of business ownership from seller to buyer, including assets, liabilities, and operational elements.
find out more
Agreement To Sell And Contract Of Sale
An Indian law-governed document combining an agreement to sell and final sale contract for property transfer, compliant with the Transfer of Property Act and Indian Contract Act.
find out more
Realty Purchase Agreement
An Indian law-governed agreement documenting the legal transfer of real estate ownership between seller and buyer, including all essential terms and conditions of the sale.
find out more
Buy Sell Agreement Life (Insurance)
An Indian law-governed agreement establishing life insurance-funded business ownership transfer mechanisms upon specified triggering events.
find out more
Boat Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of marine vessels, ensuring compliant transfer of ownership and protecting both parties' interests.
find out more
Agreement For Sale Of Business
An Indian law-governed agreement detailing the terms and conditions for the transfer of business ownership from seller to purchaser.
find out more
Real Estate Contract Of Sale
An Indian law-governed agreement documenting the sale and transfer of real estate property between parties, compliant with the Transfer of Property Act and state property laws.
find out more
Business Sale Contract
An Indian law-governed agreement for the sale and purchase of a business, detailing transfer terms, assets, liabilities, and regulatory compliance requirements.
find out more
For Sale By Owner House Contract
An Indian law-compliant contract for direct property sale between owner and buyer without real estate agent involvement.
find out more
Conditional Purchase Agreement
An Indian law-governed agreement establishing terms for a purchase transaction subject to specific conditions, defining rights and obligations of parties until completion.
find out more
Assignment Of Contract To Sell
An Indian law-compliant document that transfers rights and obligations under an existing Contract to Sell from the original seller to a new seller, with the original buyer's consent.
find out more
Vessel Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of a vessel, detailing terms, conditions, and regulatory requirements under Indian maritime law.
find out more
Travel Trailer Purchase Agreement
An Indian law-governed agreement for the purchase and sale of a travel trailer, detailing terms, conditions, and ownership transfer requirements.
find out more
Escrow Purchase Agreement
An Indian law-governed agreement establishing terms for a purchase transaction through escrow arrangement between buyer, seller, and escrow agent.
find out more
Entity Purchase Buy Sell Agreement
An Indian law-governed agreement outlining terms and conditions for the purchase and sale of a business entity, including price, warranties, and completion requirements.
find out more
Company Buy Sell Agreement
An Indian law-governed agreement establishing terms and procedures for company share transfers between shareholders, including valuation methods and transfer mechanisms.
find out more
Agreement To Sell Personal Property
An Indian law-compliant agreement documenting the sale and transfer of personal property between parties, including terms, conditions, and ownership transfer details.
find out more
Assignment Of Real Estate Purchase Contract
An Indian law-governed document that transfers rights and obligations under a real estate purchase contract from an original purchaser to a new purchaser.
find out more
Assignment Of Contract Of Purchase And Sale
A legal instrument under Indian law that transfers rights and obligations of a purchase and sale agreement from the original purchaser to a new party.
find out more
Agreement For House Purchase
A legally binding agreement under Indian law for the sale and purchase of residential property, detailing terms, conditions, and obligations of the transaction.
find out more
Agreement To Sell Real Estate Form
A legally binding preliminary contract under Indian law that establishes terms and conditions for the sale of real estate property between seller and purchaser.
find out more
Land For Sale By Owner Contract
An Indian law-governed agreement for direct land sale between owner and buyer, detailing property transfer terms and conditions.
find out more
Assignment Of Asset Purchase Agreement
An Indian law-governed agreement transferring rights and obligations under an existing Asset Purchase Agreement from the original buyer to a new party.
find out more
Simple Commercial Real Estate Purchase Agreement
An Indian law-governed agreement for commercial real estate purchase, outlining terms, conditions, and requirements for property transfer.
find out more
Purchase And Sale Form
An Indian law-compliant document that formalizes the transfer of ownership of goods, property, or assets from seller to purchaser.
find out more
Contract For Sale Of Commercial Property
A legally binding agreement for the sale and purchase of commercial property in India, compliant with Indian property laws and regulations.
find out more
Vacant Land Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of vacant land, detailing property transfer terms and statutory compliance requirements.
find out more
Sale Purchase Form
An Indian law-compliant document that formalizes the transfer of goods or property between seller and buyer, outlining key terms and conditions of the sale.
find out more
Horse Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of horses, detailing terms, conditions, and compliance with livestock trading regulations.
find out more
Sale Contract Agreement
An Indian law-compliant agreement documenting terms and conditions of sale between parties, including product details, pricing, and delivery terms.
find out more
Commercial Purchase Contract
A legally binding agreement under Indian law governing the commercial purchase of goods between businesses, including terms of sale, delivery, and payment.
find out more
Motorcycle Selling Agreement
An Indian law-governed agreement for motorcycle sale and purchase, ensuring compliant transfer of ownership and protecting both parties' interests.
find out more
Commercial Property Purchase Contract
An Indian law-governed agreement for the purchase and sale of commercial property, incorporating all essential elements required under Indian property legislation.
find out more
Buyer And Seller Agreement Form
An Indian law-governed agreement that establishes the terms and conditions for the sale of goods between a buyer and seller, ensuring legal compliance and protection for both parties.
find out more
Vacant Land Purchase Contract
An Indian law-governed agreement for the purchase and sale of vacant land, detailing property transfer terms, conditions, and compliance requirements.
find out more
Sale And Purchase Deed
An Indian legal document that transfers property ownership from seller to buyer, requiring mandatory registration under Indian property laws.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)