Document background
The Sale Agreement Without Possession is a specialized legal instrument commonly used in Indian real estate transactions where immediate transfer of property possession is not practical or desired. This type of agreement is particularly useful in scenarios where the seller needs time to arrange alternative accommodation, complete ongoing tenancy arrangements, or fulfill other obligations before vacating the property. The document, while transferring ownership rights, allows the seller to retain physical possession for a specified period under agreed terms. It must comply with the Transfer of Property Act 1882, Registration Act 1908, and other relevant Indian property laws. The agreement typically includes comprehensive details about the property, payment terms, possession transfer date, maintenance responsibilities during the interim period, and specific conditions governing the relationship between parties until final possession is handed over. This type of agreement offers flexibility in property transactions while ensuring legal protection for both parties.
