The "Agreement for Sale" is a contract to transfer property from the seller to the buyer. It is a legal document that outlines the terms of a real estate transaction. It is a contractual property agreement between the seller to sell a particular property on particular terms, and an agreed-upon price to the buyer.
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Document checklist
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FAQ Question
What is an Agreement for Sale?
FAQ Answer
FAQ Question
What is a Completion certificate, and Occupancy certificate?
FAQ Answer
The full form of the OC in the Real Estate context is “Occupancy Certificate”, and its importance can't be overstated. An occupancy certificate is a document that is issued at the end of construction, by a planning authority or local government agency. OC also certifies that the construction of the building has complied with the approved plans hence stating the building/project is completed and is ready to be occupied.
A Completion Certificate (CC) is an important legal document that certifies that a building is constructed according to the laid down norms and master plan of the project.
FAQ Question
What documents are required for booking a home?
FAQ Answer
- Basic KYC – Aadhar, PAN Card, Address Proof, Photo ID
- Booking Form (Duly filled and signed)
- Price Sheet
- Channel Partner form (if applicable)
- Booking Cheque basis price sheet
- In case of Bank Funding, sanction letter is a must
FAQ Question
What documents required as part of the home registration process?
FAQ Answer
- KYC – Aadhar, PAN Card, Photo Id, Address Proof
- Photos of Applicants
- Stamp duty challan
- Copy of the ‘Agreement for Sale’
- Index II
- Registration Fees
FAQ Question
What documents would I receive at the time of possession of the home?
FAQ Answer
- Possession Letter
- Car parking letter
- Home/Apartment Guide Manual including necessary contact details of Vendors, Warranties etc.