The Pre Sale Agreement is a fundamental document in Indian real estate transactions, particularly in the context of under-construction properties. It serves as a preliminary agreement between the developer/seller and the potential buyer, establishing the intention to sell and purchase a specified property. This document gained additional significance after the implementation of RERA in 2016, which made it mandatory for developers to register such agreements and follow standardized terms. The agreement typically precedes the final sale deed and includes essential details such as property specifications, payment schedules, completion timelines, and possession dates. It's particularly crucial in protecting buyers' interests during the construction phase while also providing developers with commitment from buyers. The Pre Sale Agreement must comply with various Indian laws including RERA, the Transfer of Property Act, and the Indian Contract Act, making it a legally robust document that forms the basis of the property transaction.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides full details of the seller/developer and buyer/purchaser including names, addresses, and registration details if applicable
2. Background: Provides context about the property development, seller's ownership/development rights, and buyer's interest in purchasing
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Property Details: Detailed description of the property being sold including location, dimensions, and unique identification details
5. Consideration and Payment Terms: Specifies the total consideration, payment schedule, and mode of payments
6. Construction Timeline: Details the construction stages, completion dates, and possession timeline as per RERA requirements
7. Seller's Representations and Warranties: Lists all warranties and representations made by the seller regarding title, approvals, and property condition
8. Buyer's Covenants: Outlines the buyer's obligations including payment commitments and compliance requirements
9. Default and Remedies: Specifies events of default and corresponding remedies available to both parties
10. Force Majeure: Defines circumstances beyond parties' control and their impact on obligations
11. Governing Law and Jurisdiction: Specifies that Indian law governs the agreement and establishes jurisdiction for dispute resolution
12. Notices: Details how formal communications between parties should be made and delivered
13. Execution: Space for signatures and witness details as required by Indian law
1. Third Party Rights: Required when there are existing mortgages, loans, or third-party interests in the property
2. Escrow Arrangements: Needed when payments are to be managed through an escrow mechanism
3. Common Areas and Facilities: Required for apartments or properties in larger developments with shared facilities
4. Club Membership: Included when the property comes with club or recreational facility access
5. Parking Allocation: Required when specific parking spaces are being allocated
6. Maintenance Agreement: Needed when there are specific maintenance terms or society formation plans
7. GST Provisions: Required when GST is applicable to the transaction
1. Schedule A - Property Description: Detailed technical description of the property including boundaries, measurements, and floor plans
2. Schedule B - Payment Schedule: Detailed breakdown of payment installments with triggers and due dates
3. Schedule C - Specifications: Details of construction specifications, materials, and finishes to be used
4. Schedule D - Amenities and Features: List of amenities and features included in the development
5. Schedule E - Title Documents: List of title and ownership documents of the property
6. Schedule F - Approvals and Permissions: List of obtained and pending approvals from various authorities
7. Appendix 1 - Floor Plans: Detailed architectural plans of the property
8. Appendix 2 - Location Map: Map showing the location and approach to the property
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Residential Property
Commercial Property
Property Development
Urban Planning
Architecture
Banking and Finance
Legal Services
Relevant Teams
Legal
Real Estate
Sales
Business Development
Compliance
Property Management
Construction
Finance
Risk Management
Corporate Affairs
Relevant Roles
Real Estate Developer
Property Lawyer
Legal Counsel
Real Estate Agent
Property Manager
Compliance Officer
RERA Consultant
Project Manager
Sales Director
Contract Manager
Business Development Manager
Property Consultant
Financial Advisor
Construction Manager
Company Secretary
Find the exact document you need
Land For Sale Land Contract
An Indian law-governed agreement for the sale and transfer of land property, detailing terms of sale, property specifications, and transfer conditions.
find out more
Deed Of Sale For Property
A legally binding document under Indian law that transfers property ownership from seller to buyer, requiring official registration and stamp duty payment.
find out more
Contract Of Sale Of Immovable Property
An Indian law-governed agreement documenting the sale and transfer of immovable property between parties, requiring official registration.
find out more
Agreement For Sale Of Flat In Co Operative Housing Society
An Indian legal agreement for the sale and transfer of flat ownership and membership rights in a cooperative housing society, compliant with Indian property and cooperative society laws.
find out more
Agreement Between Buyer And Seller Of Goods
An Indian law-governed agreement establishing terms and conditions for the sale and purchase of goods between parties, aligned with the Sale of Goods Act and Contract Act.
find out more
Sales Agreement Between Two Parties
An Indian law-governed agreement establishing terms and conditions for the sale of goods between two parties, ensuring legal compliance and protecting both parties' interests.
find out more
Sale Agreement Of Immovable Property
An Indian law-compliant agreement documenting the terms and conditions for the sale and transfer of immovable property between parties.
find out more
Contract To Sell
An Indian law-governed agreement establishing future sale obligations between parties, with terms for property/asset transfer and payment conditions.
find out more
Farm Purchase Agreement
An Indian law-governed agreement for the purchase and sale of agricultural land, ensuring compliance with agricultural laws and land regulations.
find out more
Sales Employee Contract
An Indian law-governed employment contract for sales professionals defining employment terms, compensation structure, and sales-related obligations.
find out more
Harmless Agreement
An Indian law-governed agreement where one party agrees to protect another from liability for specific risks and losses, structured under the Indian Contract Act, 1872.
find out more
For Sale By Owner Purchase Contract
An Indian legal document for direct property sales between seller and buyer without real estate agent involvement, compliant with Indian property laws.
find out more
Form For Sale Of Vehicle
A standardized agreement for vehicle sale and ownership transfer in India, compliant with the Motor Vehicles Act and state regulations.
find out more
Used Equipment Sales Agreement
An Indian law-governed agreement for the sale and purchase of used equipment, covering equipment condition, warranties, and transfer of ownership.
find out more
Product Contract
An Indian law-governed agreement establishing terms and conditions for product sale and purchase, including specifications, pricing, and delivery terms.
find out more
Business Buy Sell Agreement
An Indian law-governed agreement detailing terms and conditions for the sale and purchase of a business enterprise, including price, warranties, and completion mechanics.
find out more
Vehicle Purchase Form
An Indian law-compliant document that formalizes vehicle purchase transactions and ownership transfer, adhering to the Motor Vehicles Act and state regulations.
find out more
Lease To Purchase Contract
An Indian law-governed agreement combining property lease terms with a future purchase option, ensuring compliance with national and state property laws.
find out more
Registered Lease Deed
A legally binding and registered document under Indian law that establishes the terms and conditions for leasing property between landlord and tenant.
find out more
Deed Of Sale Condominium
A legal instrument under Indian law that transfers ownership of a condominium unit from seller to buyer, including rights to common areas and society membership.
find out more
Definitive Purchase Agreement
An Indian law-governed agreement detailing the final terms and conditions for the purchase and sale of assets, goods, or business interests.
find out more
Sales Agency Agreement
An Indian law-governed agreement establishing terms between a principal company and sales agent, including territory rights, commissions, and mutual obligations.
find out more
Furniture Sale Agreement
An Indian law-governed agreement setting out terms and conditions for furniture sale and purchase, including specifications, pricing, delivery, and warranty terms.
find out more
Sales Rep Contract
An Indian law-governed agreement establishing terms between a company and sales representative, covering appointment, duties, compensation, and obligations.
find out more
Export Sale Contract
An Indian law-governed contract establishing terms for international sale and export of goods from India to foreign buyers, incorporating both domestic and international trade requirements.
find out more
Deed Of Sale Motor Vehicle
An Indian law-compliant deed that documents the transfer of ownership of a motor vehicle between parties, including sale terms and vehicle specifications.
find out more
Contract To Sell Motor Vehicle
An Indian law-compliant agreement for the sale and transfer of ownership of a motor vehicle, detailing vehicle specifications, price, and transfer terms.
find out more
Sell By Owner Contract
An Indian legal document for direct property sales between seller and buyer without real estate agent involvement, governed by Indian property law.
find out more
Restaurant Sale Agreement
An Indian law-governed agreement for the transfer of restaurant business ownership, covering all assets, licenses, and operational rights from seller to buyer.
find out more
Manufactured Home Purchase Agreement
An Indian law-governed agreement for the purchase and sale of manufactured homes, covering sale terms, specifications, delivery, installation, and warranties.
find out more
Deed Of Sale With Assume Balance
An Indian legal document facilitating property sale where the buyer assumes the seller's existing loan balance, governed by Indian property and contract laws.
find out more
Deed Of Sale Of Motor Vehicle Form
An Indian legal document that formalizes the transfer of ownership of a motor vehicle between parties, complying with Motor Vehicles Act requirements.
find out more
Buy Sell Agreement For Small Business
An Indian law-governed agreement detailing the terms and conditions for the sale and purchase of a small business, including all essential transaction elements and regulatory compliance requirements.
find out more
Lease Option Property For Sale
An Indian law-governed agreement combining a property lease with an option to purchase, establishing terms for both leasing and the future sale of the property.
find out more
Simple Land Sale Agreement Word Document
An Indian law-compliant agreement documenting the terms and conditions for the sale and transfer of land ownership between parties.
find out more
Assignable Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of assets or property, featuring assignability rights for the purchaser.
find out more
Conditional Sales Purchase Agreement
An Indian law-governed agreement establishing a conditional sale where the seller retains title until specified conditions are met by the purchaser.
find out more
House For Sale On Contract
An Indian law-compliant agreement for the sale and purchase of residential property, detailing terms of transfer, payment, and obligations of parties involved.
find out more
Agreement For Sale Without Possession
An Indian legal document facilitating property sale while allowing the seller to retain physical possession, governed by Indian property law.
find out more
Flat Purchase Agreement
An Indian law-compliant agreement for the purchase and sale of residential flats/apartments, governed by RERA and property laws.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)