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Buy Sell Agreement House
"I need a Buy Sell Agreement House for a residential property in Lahore, Pakistan, with a phased payment structure where 40% is paid upon signing and the remaining 60% is to be paid in three equal installments by March 2025, including provisions for property inspection and existing tenant rights."
1. Parties: Identification and details of the Seller and Buyer, including their full legal names, CNICs, and addresses
2. Background: Brief context of the transaction and property ownership history
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, dimensions, and registration details
5. Purchase Price: Agreed purchase price and payment terms including installment schedule if applicable
6. Payment Method: Specified method of payment and banking details
7. Title and Ownership: Seller's warranties regarding clear title and ownership rights
8. Due Diligence: Buyer's right to inspect property and verify documentation
9. Closing Requirements: Conditions and requirements for completing the transaction
10. Transfer of Possession: Terms and timing for transferring physical possession
11. Costs and Taxes: Allocation of transaction costs, taxes, and fees between parties
12. Representations and Warranties: Standard warranties about property condition and legal status
13. Default and Remedies: Consequences of breach and available remedies
14. Governing Law: Specification of Pakistani law as governing law
15. Dispute Resolution: Process for resolving disputes between parties
16. Notices: Method and addresses for formal communications
17. Execution: Signature blocks and execution requirements
1. Financing Contingency: Required if purchase depends on buyer obtaining financing
2. Property Inspection Contingency: Detailed terms for property inspection if required by buyer
3. Existing Tenancies: Required if property has existing tenants and their rights need to be addressed
4. Repairs and Renovations: Required if specific repairs are to be completed before closing
5. Agent Commission: Required if real estate agents are involved in the transaction
6. Islamic Finance Compliance: Required if transaction needs to comply with Islamic financing principles
7. Power of Attorney: Required if either party is acting through an attorney
8. Force Majeure: Optional clause for unforeseen circumstances preventing completion
1. Schedule A - Property Details: Detailed property specifications, boundaries, and floor plans
2. Schedule B - Payment Schedule: Detailed breakdown of payment installments and timing
3. Schedule C - Property Documents: List of all property papers and certificates
4. Schedule D - Inventory: List of fixtures and fittings included in the sale
5. Appendix 1 - Property Title Documents: Copies of title documents and registration papers
6. Appendix 2 - Property Tax Records: Recent property tax payment receipts and statements
7. Appendix 3 - Utility Bills: Recent utility bills showing no outstanding payments
8. Appendix 4 - Property Photographs: Current photographs of the property's condition
Authors
Property
Seller
Buyer
Purchase Price
Completion Date
Deposit
Due Diligence Period
Encumbrance
Force Majeure
Possession Date
Property Documents
Registration
Stamp Duty
Title Deed
Transfer Deed
Utilities
Vacant Possession
Business Day
Completion
Default
Fixtures and Fittings
Land Revenue Department
Local Authority
Material Breach
Parties
Property Tax
Representatives
Schedule
Transfer of Property
CNIC
Development Authority
Mutation
Fard
Property Register
Sale Deed
Token Money
Outstanding Dues
Property Description
Purchase Price
Payment Terms
Transfer of Title
Warranties and Representations
Due Diligence
Property Inspection
Conditions Precedent
Completion Requirements
Default and Remedies
Force Majeure
Possession
Registration
Stamp Duty
Tax Obligations
Utilities Transfer
Property Maintenance
Risk and Insurance
Dispute Resolution
Notices
Assignment
Amendments
Severability
Entire Agreement
Governing Law
Indemnification
Contingencies
Termination
Time of Essence
Legal Costs
Binding Effect
Property Defects
Title Clearance
Encumbrances
Real Estate
Legal Services
Banking and Finance
Construction
Property Development
Property Management
Insurance
Professional Services
Public Sector
Legal
Real Estate
Property Management
Compliance
Documentation
Finance
Risk Management
Operations
Client Services
Administration
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Bank Manager
Mortgage Officer
Property Valuator
Compliance Officer
Real Estate Developer
Title Officer
Contract Administrator
Property Registration Officer
Real Estate Consultant
Housing Society Manager
Legal Documentation Specialist
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