Contract To Sell A House Template for Pakistan

The Contract to Sell a House is a crucial legal document used in Pakistani property transactions when transferring ownership of residential property from a seller to a buyer. This agreement is essential for documenting the terms and conditions of the sale, ensuring compliance with the Transfer of Property Act 1882, Registration Act 1908, and other relevant Pakistani property laws. It should be used whenever a residential property transaction occurs in Pakistan, whether involving private sales or agent-mediated transactions. The document typically includes detailed property descriptions, price and payment terms, warranties about title, closing requirements, and provisions for handling disputes. Given Pakistan's legal requirements, the contract must be properly stamped and registered with relevant authorities to be legally enforceable.

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 acknowledgment of the seller's ownership and intention to sell

3. Definitions: Key terms used throughout the agreement defined for clarity and consistency

4. Property Description: Detailed legal description of the property including address, dimensions, and registration details

5. Purchase Price: The agreed sale price, payment schedule, and payment methods

6. Payment Terms: Detailed breakdown of how and when payments will be made, including any installments

7. Possession: Terms and timing for transferring possession of the property

8. Title and Registration: Seller's warranties regarding clear title and process for title transfer

9. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority to enter into the agreement

10. Closing Requirements: Conditions and documents required for completing the transaction

11. Costs and Taxes: Allocation of transaction costs, stamp duty, and other applicable taxes

12. Default and Remedies: Consequences and available remedies in case of breach by either party

13. Governing Law: Specification of Pakistani law as governing law and jurisdiction