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Intent To Sell Notice Template for India

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Key Requirements PROMPT example:

Intent To Sell Notice

"I need an Intent to Sell Notice for my residential property in Mumbai, which I plan to sell to a private buyer for Rs. 2.5 crores, with the offer valid until March 15, 2025."

Document background
The Intent to Sell Notice is a crucial document in Indian property transactions that formally initiates the sale process. It is typically used when a property owner has identified a potential buyer and wishes to formally communicate their intention to sell, along with basic terms and conditions. This document, while not a binding sale agreement, serves as an important preliminary step that can help prevent future disputes and misunderstandings. The notice should comply with Indian property laws, particularly the Transfer of Property Act 1882 and related state-specific regulations. It's commonly used in both residential and commercial property transactions, and can be particularly important in situations where parties want to document their initial understanding before proceeding with a full sale agreement.
Suggested Sections

1. Sender Details: Full name and address of the property owner/seller issuing the notice

2. Recipient Details: Full name and address of the intended buyer

3. Date: Date of the notice issuance

4. Subject Line: Clear indication that this is an Intent to Sell Notice

5. Property Description: Complete details of the property being offered for sale, including address and registration details

6. Sale Intention Declaration: Clear statement of intention to sell the specified property

7. Proposed Terms: Basic terms of the proposed sale including price and any key conditions

8. Time Period: Specified period for which this notice/offer remains valid

9. Closing: Signature block with seller's details and any witness requirements

Optional Sections

1. Property Title Status: Include when there's a need to explicitly state the clear title status of the property

2. Encumbrance Details: Include when there are existing mortgages, liens, or other encumbrances on the property

3. Payment Terms: Include when specific payment structuring or terms need to be mentioned

4. Conditions Precedent: Include when there are specific conditions that must be met before the sale can proceed

5. Legal Representative Details: Include when the notice is being sent through or copied to legal representatives

Suggested Schedules

1. Property Documents List: List of all relevant property documents that will be made available for verification

2. Property Photos: Recent photographs of the property (if relevant)

3. Title Chain Summary: Brief summary of ownership history and title transfers

4. Encumbrance Certificate: Copy of recent encumbrance certificate showing any registered transactions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















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Relevant Industries

Real Estate

Commercial Property

Residential Property

Industrial Property

Agriculture

Retail

Hospitality

Manufacturing

Infrastructure

Education

Relevant Teams

Legal

Real Estate

Property Management

Business Development

Compliance

Corporate Affairs

Facilities Management

Asset Management

Operations

Administration

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Property Lawyer

Business Development Manager

Asset Manager

Facility Manager

Real Estate Developer

Property Acquisition Manager

Company Secretary

Compliance Officer

Real Estate Portfolio Manager

Property Consultant

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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