for full functionality of this site it is necessary to enable javascript. one of the preliminary steps to re-sale of a society flat is an agreement to sell executed between the parties (vendor and the buyer) when the parties have agreed for a price and earnest money has been paid pending final / balance payment and registration of sale/transfer documents subject to inspection of due diligence records by the buyer or until formalities relating to bank loans etc. this is an agreement that strictly defines the conditions governing the sale of an immoveable property when the parties have finalized the terms of sale and purchase of a society flat and the earnest money has been paid; this document has been drawn by rakesh taneja, unconnected with net lawman. there may be a charge for rakesh taneja services.

a preliminary real estate contract is the first legal step toward purchasing your home. a real estate contract is a legal agreement. the purpose of a preliminary real estate contract is spell out the terms of sale agreed by the seller and buyer. it gives both parties the security of a legal agreement, whilst giving each of them time to clear the title of liens, carry out a home inspection and appraisal, and organize funds for the sale before the actual closing. many residential contracts are drafted in basic, common form, enumerating essential terms such as the name of the parties, the property and the price. specific and unusual terms are typically transcribed in an addendum, which is signed at the same time as the principal contract and attached to it. as a minimum, a preliminary contract contains the full names and addresses of the parties; the address of the property and its legal description; the price to be paid and the method for payment; and the closing date.