Memorandum of Understanding
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MEMORANDUM OF UNDERSTANDING
THIS MEMORANDUM OF UNDERSTANDING is made and entered into at Pune, on this 29th Day OF October Month, year 2012 FOR SALE OF
Address of property
BY AND BETWEEN
Seller (D of B : 01 Jan 1980) S/O XYZ
SERVING IN
His address
Pan card number.
FIRST PARTY
SECOND PARTY
NOW THIS MEMORANDUM OF UNDERSTANDING WITNESSETH and it is hereby and hereunder agreed by and between the parties hereto as here under:
PRICE – Rs.
Builder/ Society Transfer charges are to be paid by second party.
If the Investor Clause exits, Stamp Duty to be paid by the Second Party only, at the actuals.
Registration Charges are to be paid by second party.
MOU will be expired after 50 days from today.
Token paid by the BUYER is Rs. 50000/- (Rupees In Words Only) on Date 2009 to the SELLER. The details of the bank draft are mentioned in the receipt.
In case the BUYER is not able to make the payments within the expiry date of the MOU, the token will not be returned by the SELLER; except for clause No 8.
In case of LOAN not been sanctioned because of the non-availability of the documents from the SELLER, the token amount will be refunded to the BUYER.
In case of SELLER is withdrawing from the deal due to any reasons, SELLER will pay the double amount of token to the BUYER.
This MOU and Receipt to stay in Escrow with.
IN WITNESS WHEREOF the parties hereto have set their hands on the day and date first hereinabove mentioned.
SIGNED SEALED AND DELIVERED
by the above named FIRST PARTY
SIGNED SEALED AND DELIVERED
by the above named SECOND PART