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Bill of Sale Immovable Property

This Bill of Sale for Immovable Property serves as a legal document to transfer ownership of land or buildings from a seller to a buyer. It should be used when an agreement for sale has been reached and payment is being exchanged for the property.

Updated 16d ago
bill of saleimmovable propertyreal estateproperty transferland salelegal documentfinancing

SELLER'S LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BILL OF SALE IMMOVABLE PROPERTY

THIS BILL OF SALE is made and entered into on this {{day}} day of {{month}}, {{year}},

BETWEEN:

{{seller_name}}, of {{seller_address}} (hereinafter referred to as "the Seller")

AND

{{buyer_name}}, of {{buyer_address}} (hereinafter referred to as "the Buyer").

RECITALS

WHEREAS, the Seller is the sole and absolute owner of the immovable property more fully described in Schedule A hereto (hereinafter referred to as "the Property").

WHEREAS, the Seller has agreed to sell and the Buyer has agreed to purchase the Property for the consideration and upon the terms and conditions hereinafter appearing.

CONSIDERATION

In consideration of the sum of {{amount_in_words}} ({{amount_in_figures}}) which the Buyer has paid to the Seller (the receipt whereof the Seller doth hereby acknowledge), the Seller hereby sells, conveys, and transfers unto the Buyer, all rights, title, and interest in and to the Property.

DESCRIPTION OF THE PROPERTY

The Property hereby sold and transferred is more particularly described in Schedule A annexed hereto and forming an integral part of this Bill of Sale.

DELIVERY OF POSSESSION

The Seller hereby delivers vacant and peaceful possession of the Property to the Buyer on the date of execution of this Bill of Sale.

Alternatively: The Seller shall deliver vacant and peaceful possession of the Property to the Buyer on or before {{possession_date}}.

COVENANTS AND WARRANTIES

The Seller hereby covenants with the Buyer that:

a) The Seller is the lawful owner of the Property and has full right, power, and authority to sell and transfer the same.

b) The Property is free from all encumbrances, charges, liens, mortgages, and claims of whatsoever nature.

c) The Buyer shall quietly possess and enjoy the Property without any interruption or disturbance from the Seller or any person claiming through or under the Seller.

d) The Seller shall indemnify and keep indemnified the Buyer against all losses, costs, damages, and expenses that the Buyer may suffer or incur by reason of any defect in the Seller's title to the Property, or by reason of any encumbrance or claim on the Property existing prior to the date of this Bill of Sale.

GOVERNING LAW AND JURISDICTION

This Bill of Sale shall be governed by and construed in accordance with the laws of {{country}}. Any dispute arising out of or in connection with this Bill of Sale shall be subject to the exclusive jurisdiction of the courts of {{country}}.

ENTIRE AGREEMENT

This Bill of Sale constitutes the entire agreement between the parties with respect to the sale and purchase of the Property and supersedes all prior discussions, negotiations, and agreements, whether oral or written, between the parties relating thereto.

SCHEDULE A: DESCRIPTION OF THE PROPERTY

All that piece or parcel of land situated at {{property_address}}, bearing plot/cadastral number {{plot_number}}, measuring approximately {{area_in_units}} (e.g., square meters, hectares), and more fully described in Title Deed/Certificate of Title number {{title_deed_number}} issued by {{issuing_authority}} on {{title_deed_date}}.

Boundaries: North by {{north_boundary}}, South by {{south_boundary}}, East by {{east_boundary}}, West by {{west_boundary}}.

SIGNATURES

IN WITNESS WHEREOF, the parties have executed this Bill of Sale on the day and year first above written.

_____________________________

SELLER: {{seller_name}}

ID/Passport No: {{seller_id_number}}

_____________________________

BUYER: {{buyer_name}}

ID/Passport No: {{buyer_id_number}}

_____________________________

WITNESS 1: {{witness1_name}}

Address: {{witness1_address}}

ID/Passport No: {{witness1_id_number}}

_____________________________

WITNESS 2: {{witness2_name}}

Address: {{witness2_address}}

ID/Passport No: {{witness2_id_number}}

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