Document background
The Agreement For Sale Of Plot is a fundamental legal instrument in Pakistani property transactions, essential for documenting the terms and conditions of plot sales before the execution of the final sale deed. This document is typically used when a seller agrees to transfer a plot of land to a purchaser for an agreed consideration, whether in a single payment or installments. It should be prepared in accordance with Pakistani property laws, including the Transfer of Property Act 1882 and relevant local authority regulations. The agreement includes crucial details such as property specifications, payment schedules, possession terms, and transfer conditions. It's particularly important in situations involving housing societies, development schemes, or individual plot sales, and serves as a legally binding commitment between parties until the final transfer is completed through a registered sale deed.
