Agreement For Sale of A Plot.
Agreement For Sale of A Plot.
BY AND BETWEEN
AND
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FOR THE SALE OF A PLOT SITUATED ON A RIGHT OF OCCUPANCY ON PLOT
NO. 133, BLOCK 8, CERTIFICATE OF TITLE NO. DSMT1000067, LAND OFFICE
NO. DSMD2001001, MBWENI JKT, KINONDONI MUNICIPALITY, WITHIN THE
CITY OF DAR ES SALAAM
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DRAWN BY:-
EMMANUEL NKOMA
FINKLEYS ADVOCATES
MUHONDA/LIKOMA STREET
P.O.BOX 60733
DAR ES SALAAM
AGREEMENT FOR SALE OF A PLOT OF LAND
This Agreement is made at Dar es Salaam this …………… day of ……………….., 2022.
BY AND BETWEEN
AND
WHEREAS the vendor is absolutely seized and possessed of or well and sufficiently
entitled to the plot situated on Plot Number 133, Block 8, Mbweni JKT, Kinondoni
Municipality, within the city of Dar es Salaam, held under a right of occupancy for a
term of 99 years commencing on 1 st day of October, 2018 and more particularly
described in the Certificate of Title Number DSMT1000067, issued by the Commissioner
for Lands on the 08th day of November, 2018 measuring 625 square metres hereinafter
referred to as “the property”.
AND WHEREAS the Vendor has offered to sell the property to the Purchaser together
with all exhausted and unexhaustive improvements made, carried and undertaken on
the plot where the said property is situated, subject to the terms and conditions
hereinafter appearing, and the Purchaser has agreed to buy the said property as it is
more particularly described in the Certificate of Title referred above.
AND WHEREAS the Purchaser has accepted the offer by the Vendor and he has
agreed to purchase the said property from the Vendor on the terms and conditions
contained hereinafter.
1. That, the Vendor shall sell and the Purchaser shall buy the said property free
from any encumbrances, lien or third party notice for a consideration of Tanzania
Shillings Seventy Three Million (Tshs. 73,000,000.00/=) only, (hereinafter called
the “purchase price”).
2. That, the said purchase price of Tanzania Shillings Seventy Three Million (Tshs.
73,000,000.00/=) only shall be paid by the Purchaser to the Vendor in a lump
sum on the date of execution of this agreement.
3. That, the said purchase price to the tune of Tanzanian Shillings Seventy Three
Million (Tshs. 73,000,000/=) shall be paid by the Purchaser to the Vendor by
directly depositing into the Vendor’s brother bank account, Account No.
0112081908400, Account Name: Laurian G Massesa, kept by the Cooperative
and Rural Development Bank (CRDB Bank).
4. That, the parties promise and covenant to each other that they shall
simultaneously, upon the Purchaser effecting payment of the purchase price to
the Vendor, execute this sale agreement and a Deed of Transfer for the
conveyance of the property by the Vendor to the Purchaser.
5. That, the Vendor covenants and promises that upon execution of this agreement
and all other transfer documents, he shall handover the original right of
occupancy to the Purchaser and deliver vacant possession of the property
thereto without causing inconveniences to the Purchaser.
6. That, upon execution of the deed of transfer for the conveyance of the property
by the parties herein, the parties shall undertake and shall use their best
endeavours to seek and obtain or cause to be sought and obtained consent from
the Director for Land Development services or the Commissioner for Lands or
any other officer duly authorized in that behalf to this disposition.
7. That, this agreement and the Deed of Transfer to be executed by the parties
simultaneously herewith are subject to the consent of the Director of Land
Development services or the Commissioner for Lands being accorded to this
disposition. If such consent shall be refused, this agreement shall become null
and void and the Vendor shall forthwith refund the purchase price that shall have
been disbursed hereunder to the Purchaser.
8. That, until the date of completion of execution of this agreement and delivery of
vacant and peaceful possession of the property to the Purchaser, the Vendor
shall pay all the rates, taxes, assessment and other outgoings where
Parliamentary, Municipal or otherwise imposed or charged upon the said
property.
9. That, the Purchaser reserves the right of making such requisitions and objections
as may arise on the examination of documents pertaining to this agreement or
as may be revealed by the usual searches and inquiries.
10. That, each part shall bear and pay the cost of legal fees for his advocate. The
Purchaser shall also be responsible for Capital Gains Tax, pay the cost for
consent fee, stamp duty of the sale agreement and the Deed of Transfer,
registration fee, and other expenses arising out of and/or incidental to the
preparation and completion of this Agreement and the Deed of Transfer that
shall be payable by virtue of this transaction.
IN WITNESS WHEREOF the parties hereto have duly executed these presents in the
manner and on the date hereinafter appearing.
BEFORE ME:
Name: …………………………………………………..
Signature: ……………………………………………..
Address: ………………………………………………..
Qualification: …………………………………………
BEFORE ME:
Name: …………………………………………………….
Signature: ……………………………………………..
Address: ………………………………………………..
Qualification: …………………………………………