Deed Of Absolute Sale
This Deed of Absolute Sale ("Deed") is made and entered into by and between [YOUR NAME] residing at [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Seller") and [BUYER NAME] (hereinafter referred to as the "Buyer").
I. Recitals
This Deed witnesses that in consideration of the total sum of [Amount], receipt of which the Seller hereby acknowledges, the Seller does hereby sell, transfer, and convey unto the Buyer the following described property, free and clear from any encumbrances:
Description of Property: [Full Legal Description of the Property Including Location, Boundaries, and any Applicable Titles or Deeds]
Type of Property: [Type e.g., Commercial, Residential, Industrial]
Area of Property: [Specify Area in Square Meters]
II. Terms and Conditions
The Buyer shall pay the Seller the total purchase amount through [Specify Payment Method].
The Buyer is hereby acknowledged to have conducted due diligence on the herein-described property.
All legal expenses, taxes, and duties arising from this sale shall be borne by [Specify Who is Responsible].
The Seller guarantees that the property is free of any legal disputes and encumbrances that may impede this sale.
III. Representations and Warranties
The Seller represents and warrants to the Buyer that:
The Seller is the legal owner of the property and has the right to sell the property under the terms and conditions of this Deed.
The property is sold as-is, and the Seller makes no warranty except for title.
IV. Covenants
Both Parties covenants the following:
To perform their obligations as outlined in this Deed faithfully and to the best of their abilities.
To notify each other of any issues in respect of the property that could affect the other Party’s rights under this Deed.
V. Miscellaneous
This Deed constitutes the entire agreement between the parties about the subject matter hereof and supersedes all prior agreements, representations, and understandings of the parties.
Any amendments to this Deed must be made in writing and signed by both parties.
VI. Signatures
IN WITNESS WHEREOF, the parties hereunto set their hands and seal this [Date].
Seller:
[YOUR NAME]
Buyer:
[BUYER NAME]
This deed was acknowledged before me on this date by [YOUR NAME], Seller, and [BUYER NAME], Buyer.
[NOTARY PUBLIC NAME]
Notary Public in and for [STATE]
My Commission Expires: [EXPIRATION DATE]
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