The Agreement to Sell Meaning in Hindi
The Agreement to Sell Meaning in Hindi: A Comprehensive Guide
If you`re looking to buy or sell property in India, it`s important to understand the Agreement to Sell meaning in Hindi. This legal document is used to outline the terms and conditions of a property sale, and it`s essential for both buyers and sellers to have a clear understanding of what it entails.
What is an Agreement to Sell?
An Agreement to Sell, also known as ATS, is a legal document that outlines the terms and conditions of a property sale. It is a binding contract between the buyer and seller that establishes the terms of the sale, including the purchase price, payment terms, and other important details.
This document is typically prepared by the seller`s lawyer, or by a real estate agent, and it is signed by both the buyer and seller. It acts as a precursor to the actual sale deed, which is the final legal document that transfers ownership of the property from the seller to the buyer.
Understanding the Agreement to Sell Meaning in Hindi
The Agreement to Sell is a legally binding document, and it`s important to understand its meaning in Hindi if you`re involved in a property transaction in India. Here are some key terms and phrases you should know:
1. बिक्री कीमत (Bikri Keemat) – Purchase Price
This refers to the price at which the property is being sold. The purchase price is usually agreed upon by both the buyer and seller, and it is documented in the Agreement to Sell.
2. भुगतान शर्तें (Bhugtan Sharten) – Payment Terms
This refers to the terms of payment for the property. The Agreement to Sell will typically outline the payment schedule, including the amount of the initial deposit, the balance due, and the date of payment.
3. समझौते (Samjhote) – Negotiations
Negotiations are an important part of any property transaction, and the Agreement to Sell will often document any negotiations that took place between the buyer and seller.
4. समझौते की शर्तें (Samjhote Ki Sharten) – Terms of Negotiations
The terms of negotiations refer to the specific details of any agreements that were made between the buyer and seller. These may include things like repairs or upgrades to the property, or the inclusion of certain appliances or fixtures in the sale.
5. अधिकृत (Adhikrut) – Authorized Signatory
The authorized signatory is the person who is authorized to sign the Agreement to Sell on behalf of the buyer or seller. This is usually the buyer or seller themselves, or their legal representative.
Whether you`re buying or selling property in India, understanding the Agreement to Sell meaning in Hindi is essential. This legal document outlines the terms and conditions of the sale, and it`s important to have a clear understanding of what it entails. By familiarizing yourself with the key terms and phrases used in the Agreement to Sell, you`ll be better prepared to navigate the complexities of a property transaction in India.