Document background
The Agreement For Resale of Flat is a crucial legal document used in Indian real estate transactions when transferring ownership of a previously owned residential property. This document becomes necessary when an existing flat owner wishes to sell their property to a new buyer in the secondary market. It comprehensively covers all aspects of the property transfer, including detailed property description, ownership history, financial terms, and legal compliances required under Indian law. The agreement ensures protection for both parties by clearly defining their rights, responsibilities, and obligations, while adhering to requirements under the Transfer of Property Act, RERA, and state-specific regulations. It serves as the primary document for property registration and forms the basis for the subsequent sale deed.
