I am selling a property. Is the following a standard clause in sale agreement and is typically almost always used? 8. The VENDORS undertakes to indemnify and keep harmless the Purchaser against any loss, injury, litigation if any arises due to deficiency in title of Vendors, upon conveyance of the Schedule Property.
Yes. This is standard clause and important as well.
Thus is essential to protect a prospective buyer from a defect in title which is apparently not discovered .
So if your title is clear then you should not have any problem to keep this clause.
Therefore gi ahead with this all important condition in the sale agreement.
Yes, that's correct. If you have clear title property than no need to worry about it.
Yes,Definitely.
It is standard clause in sale agreement.
If you are purchasing a plot and seller is selling a plot or land from owner of the land then clause is a valid clause of the agreement otherwise in case you are purchasing a flat / under construction Apartments then clause would be different in sale agreement and deed of conveyance.
Yes. It's as per the standard clause
It is standard clause in sale deed to indemnify buyer in case any claims are made
Yes it's a protection to the purchaser from the transaction if any prior to the sale of the said property in detriment to his interest
Dear Sir/Madam,
You are suggested that this is the common clause and available everywhere.
It is a standard clause to be found in all sales deed executed and registered.
This is general clause in sale deed and almost every sale consists of this clause/condition.
Yes
1. This is standard usual clause between Builder and Flat Purchaser, wherein the Builder is the Vendor and not the Flat Purchaser or Flat Seller. Hence Flat seller is legally not bound by such indemnity.
2. It is the liability of the Builder (as a Vendor) to ensure Clear Title & Conveyance etc.... The Flat Owner (purchaser /seller) has no legal jurisdiction for matters relating to Title or Conveyance etc....
- Yes, it is common clause generally mentioned in all the Sale deed.
- This clause means , that you have declared that in case there will be found any defects in the title of your property , and if any case is pending before the court for the said property , then you will be responsible for the same , and you have to pay for the said loss to the purchaser.
This is a standard and statutory clause to be inserted in the registered sale deed without which the registrar would not entertain the registration.
Yes indemnity clause is used in all the sales deed in general practice.
it is standard clause.
it is inserted as a precaution against any damage or loss.
Yes, this is a standard clause in the sale deed.
If your title is clear, there is no harm in keeping this clause.
Best wishes.
Yes that is used and is perfect. Should go ahead with it.
