Agreement to Sell by Company - Already Leased Subdivided Office Unit — Format & Free Sample (₹49)
Sell your leased subdivided office unit with an agreement that validates the subdivision, ensures lease continuity, and protects both income-generation and title clarity.
Agreement to Sell by Company - Already Leased Subdivided Office Unit
- Editable .docx — open in Word, Google Docs, or Pages
- All clauses pre-drafted, only fill in your details
- Includes notes on stamp duty & registration
- Instant download after payment + WhatsApp copy
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Full editable Word file is delivered after payment. This preview shows the structure and language style.
AGREEMENT TO SELL OF ALREADY LEASED SUBDIVIDED OFFICE UNIT
This Agreement to Sell is executed on this ____ day of ____, 20__ at ____.
BETWEEN
Mr./Ms. ____, S/o / D/o ____, R/o ____, hereinafter referred to as the “SELLER” of the FIRST PART;
AND
Mr./Ms. ____, S/o / D/o ____, R/o ____, hereinafter referred to as the “PURCHASER” of the SECOND PART.
WHEREAS _______ Company purchased the entire office unit from the builder and subsequently subdivided it pursuant to the Memorandum of Subdivision dated _______
WHEREAS the subdivided office unit is already leased to _______ vide Lease Deed dated _______ for an annual rent of Rs. _______
NOW THIS AGREEMENT WITNESSETH AS UNDER:
1. Subdivision Authorization and Memorandum
The Company confirms that the subdivision was done pursuant to the Builder's Memorandum of Subdivision dated _______. The Company exhibits this memorandum and all approval documents for the subdivision.
4. Existing Lease and Tenant Continuity
The Lease Deed dated _______ with the current tenant shall continue. The buyer shall assume all lessor obligations and inherit the lease relationship without any breach or interruption.
6. Rental Income and Collection
Rent accrued until possession date belongs to the seller. From possession date forward, all rent is the buyer's property. The tenant shall be notified of the ownership change and instructed to pay rent to the new owner.
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Key Highlights from This Document
Subdivision Authorization and Memorandum
page 1
The Company confirms that the subdivision was done pursuant to the Builder's Memorandum of Subdivision dated _______. The Company exhibits this memorandum and all approval documents for the subdivision.
Existing Lease and Tenant Continuity
page 2
The Lease Deed dated _______ with the current tenant shall continue. The buyer shall assume all lessor obligations and inherit the lease relationship without any breach or interruption.
Rental Income and Collection
page 3
Rent accrued until possession date belongs to the seller. From possession date forward, all rent is the buyer's property. The tenant shall be notified of the ownership change and instructed to pay rent to the new owner.
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When this Leased Subdivided Office Unit Agreement applies
A company selling an already-leased subdivided office unit that was created by subdividing a larger office space previously purchased from the builder.
Who needs this template
- Companies subdividing and selling office units
- Office space landlords with existing tenants
- Real estate investors with subdivided properties
- Sellers maintaining rental income through transfer
When you should use it
- When selling subdivided office spaces with tenants
- If the unit is already leased and income-generating
- When subdivision was done pursuant to builder memorandum
- To transfer existing lease relationship to new owner
Why a generic sale agreement is risky here
The free formats floating around online are written for a generic sale of property. They miss the specifics that make a leased subdivided office unit transaction defensible in court. Specifically:
- Subdivision legality and authority approval are frequently omitted
- Lease continuity in subdivided units requires specialized handling
- Builder memorandum and subdivision restrictions are often missed
- Tenant rights in subdivided spaces may be inadequately addressed
Clauses included in the editable Word file
Every clause is pre-drafted. You only fill in the blanks (names, addresses, amounts, dates) — no legal writing needed.
- 1Original purchase from builder and subdivision authorization
- 2Subdivision memorandum from builder
- 3Existing lease agreement and tenant details
- 4Lease continuity and tenant rights protection
- 5Rental income and collection arrangement
- 6Maintenance and common area responsibilities
- 7Subdivision legality representation and warranty
- 8Indemnity for subdivision-related disputes
Agreement to Sell vs Sale Deed — what’s the difference?
| Aspect | Agreement to Sell | Sale Deed |
|---|---|---|
| Effect on ownership | Future promise — does not transfer ownership | Actual transfer of ownership |
| Governing law | Section 54, Transfer of Property Act, 1882 | Section 54 + Registration Act, 1908 |
| Registration | Optional (mandatory if possession is delivered) | Compulsorily registrable |
| Stamp duty | Nominal in most states | Full state-prescribed stamp duty + registration fees |
| Remedy on breach | Specific performance / forfeiture of earnest money | Cancellation suit / refund + damages |
Stamp duty & registration — what you need to know
Stamp duty on an Agreement to Sell is a state subject and varies materially. The downloaded template carries blank fields and notes so you (or your local lawyer) can plug in the correct stamp value before printing.
- Without possession: Most states charge a nominal stamp duty (₹100–₹500). Karnataka and Maharashtra are exceptions where the duty can be higher.
- With possession: Treated like a conveyance in many states — same stamp duty as the eventual Sale Deed and compulsorily registrable.
- TDS: If the sale consideration exceeds ₹50 lakh, the buyer must deduct 1% TDS under Section 194-IA at the time of paying the seller.
This information is general guidance, not legal advice for your specific transaction. Confirm state-specific values with a local advocate or sub-registrar.
Frequently Asked Questions — Leased Subdivided Office Unit Agreement to Sell
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Agreement to Sell by Company - Already Leased Subdivided Office Unit
- Editable .docx — open in Word, Google Docs, or Pages
- All clauses pre-drafted, only fill in your details
- Includes notes on stamp duty & registration
- Instant download after payment + WhatsApp copy
Need many templates? Get all 3500+ legal drafts for just ₹499 — that’s ₹0.14 per template. See the bundle →
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