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Contract For The Sale And Purchase Of Land
"I need a Contract For The Sale And Purchase Of Land for a residential property in Lahore, Pakistan, with a fixed completion date of March 15, 2025, and full payment to be made upon completion."
1. Parties: Identification of the seller and purchaser with complete details including CNIC numbers
2. Background: Context of the transaction, including brief description of the property and intention to sell/purchase
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core agreement to sell and purchase the property, including the exact description of the property
5. Purchase Price: The agreed price and payment terms, including any deposits and installment structure
6. Completion: Details of the completion process, timing, and requirements for transfer of title
7. Seller's Warranties: Warranties regarding ownership, title, encumbrances, and property condition
8. Property Possession: Terms for delivering vacant possession and physical handover of the property
9. Registration and Transfer: Process for registration of the sale deed and transfer of title in revenue records
10. Costs and Taxes: Allocation of transaction costs, stamp duty, registration fees, and taxes
11. Default and Remedies: Consequences of default and available remedies to either party
12. Governing Law and Jurisdiction: Specification of Pakistani law and relevant jurisdiction
13. Notices: Process for serving notices between parties
14. Execution: Signature blocks and witness requirements
1. Property Inspection: Details of property inspection rights and conditions, used when the buyer hasn't fully inspected the property
2. Third Party Rights: Addressing any existing tenancies or third-party interests, included if relevant
3. Development Requirements: For undeveloped land or properties requiring renovation, specifying development obligations
4. Agricultural Land Provisions: Special provisions required for agricultural land under local laws
5. Mortgage Requirements: Special provisions when the purchase is being financed through a mortgage
6. Joint Ownership: Special provisions for multiple buyers or sellers
7. Power of Attorney: When any party is acting through an attorney
8. Islamic Finance Compliance: Additional provisions ensuring compliance with Islamic financing principles if required
1. Property Description: Detailed description of the property including boundaries, measurements, and title details
2. Title Documents: List of all title documents and their copies
3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Property Plans: Site plans, maps, and surveys of the property
5. Existing Encumbrances: Details of any existing mortgages, charges, or encumbrances
6. Inventory: List of any fixtures and fittings included in the sale
7. Required Consents: Copies of necessary regulatory or governmental approvals
8. Due Diligence Documents: Copies of property tax receipts, utility bills, and other relevant documents
Authors
Property
Completion
Completion Date
Deposit
Purchase Price
Balance Payment
Title Deeds
Encumbrances
Business Day
Mutation
Transfer Deed
Registration Fee
Stamp Duty
Land Revenue Records
Property Documents
Possession
Vacant Possession
Due Diligence
Material Breach
Parties
Seller
Purchaser
Property Description
Fixtures and Fittings
Khasra Number
Khewat Number
Completion Requirements
Default Notice
Force Majeure
Permitted Use
Requisite Consents
Sale Deed
Subregistrar
Tax Authorities
Title Certificate
Warranties
Working Day
Zoning Laws
Applicable Law
Property Description
Purchase Price
Payment Terms
Deposit
Title and Ownership
Representations and Warranties
Due Diligence
Conditions Precedent
Completion
Possession
Registration
Transfer of Title
Costs and Taxes
Seller Covenants
Purchaser Covenants
Default
Remedies
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Amendments
Governing Law
Jurisdiction
Dispute Resolution
Indemnification
Third Party Rights
Confidentiality
Further Assurance
Counterparts
Survival
Real Estate
Construction
Property Development
Agriculture
Commercial Property
Residential Property
Banking & Finance
Legal Services
Public Sector
Urban Development
Legal
Real Estate
Property Management
Compliance
Risk Management
Finance
Corporate Affairs
Operations
Business Development
Administrative
Real Estate Lawyer
Property Manager
Land Developer
Real Estate Agent
Legal Counsel
Compliance Officer
Property Consultant
Land Revenue Officer
Real Estate Investment Manager
Property Registrar
Bank Manager
Property Valuator
Construction Manager
Urban Planning Officer
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