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The Standard House Sale Contract is a fundamental legal instrument used in Indian real estate transactions for transferring residential property ownership. This document is essential for any house sale in India, whether between private individuals or involving corporate entities. It must comply with various Indian legislations, including the Transfer of Property Act 1882, Registration Act 1908, and Real Estate (Regulation and Development) Act 2016. The contract typically includes comprehensive details about the property, parties involved, sale consideration, payment terms, warranties, and completion requirements. It serves as both a legally binding agreement and a record of the transaction, requiring mandatory registration at the Sub-Registrar's office. The document is designed to protect both buyer and seller interests while ensuring transparency and legal compliance in property transactions.

1. Parties: Details of the seller and purchaser, including full names, addresses, and any other relevant identification details

2. Background: Context of the sale, including brief property history and current ownership status

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property being sold, including exact address and registration details

5. Sale Consideration: Purchase price, payment terms, and schedule of payments

6. Payment Terms: Detailed breakdown of how and when payments will be made, including earnest money and balance payment

7. Seller's Representations and Warranties: Seller's declarations regarding property title, encumbrances, and other material facts

8. Purchaser's Representations and Warranties: Purchaser's declarations regarding capacity to purchase and financial ability

9. Conditions Precedent: Conditions that must be satisfied before completion of the sale

10. Completion: Process and requirements for completing the sale, including documentation and registration

11. Possession: Terms and timing of transferring physical possession of the property

12. Expenses: Allocation of costs related to the sale, including stamp duty and registration fees

13. Default and Remedies: Consequences of breach by either party and available remedies

14. Notices: How formal communications between parties should be made

15. Governing Law and Jurisdiction: Specification of applicable law and courts having jurisdiction

16. Execution: Signature blocks and execution formalities