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The Agreement to Sell includes all the terms and conditions agreed upon by both parties. Generally, in India, sale agreements are made before registering the sale deed so that all conditions can be negotiated and finalized between the parties before making it legally binding.

Specific Items to Include in Your Letter of Intent (LOI) Property Address. Allowed uses, exclusive uses, etc. Property Size. Building Size. Leasable Square Footage (LSF) Useable Square Footage (USF) Load Factor (This is how much shared common area you pay rent on, the difference between leasable and usable SF)

The Differences Between Agreement of Sale and Sale Deed In India, an Agreement of Sale is generally an oral agreement between the buyer and the seller to sell a property. Whereas, a Sale Deed is a formal document that is filed with the local government to establish ownership of the property.

The Bayana agreement is a legal document that can be acknowledged as legal proof in a court of law in the event of any dispute between the contracting parties because it is controlled by the Indian Contract Act, of 1872.

However, for the agreement to sell to have legal value, it must be registered in the respective office of the sub-registrar of assurances. To do this, the buyer needs to pay the applicable stamp duty.

What to include in letters of intent to purchase. Name and contact information of the buyer. Name and contact information of the seller. Detailed description of the items or property being sold. Any relevant disclaimers or liabilities. The total purchase price. Method of payment and other payment terms, including dates.