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House Purchase Contract
"Need a House Purchase Contract for a residential property in Lahore, Pakistan, with a completion date of March 15, 2025, including standard payment terms and transfer provisions for a straightforward cash purchase."
1. Parties: Identification and details of the seller and purchaser, including CNIC numbers and complete addresses
2. Background: Context of the sale, brief property introduction, and seller's ownership status
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Complete legal description and address of the property being sold
5. Purchase Price: Agreed purchase price and payment structure, including deposit and completion payment details
6. Payment Terms: Timeline and method of payments, including installment schedule if applicable
7. Completion: Requirements and process for completing the sale, including documentation and registration
8. Seller's Representations and Warranties: Seller's declarations regarding property title, encumbrances, and legal status
9. Purchaser's Representations and Warranties: Purchaser's declarations regarding financial capacity and compliance
10. Title and Transfer: Process of title transfer and registration requirements
11. Costs and Taxes: Allocation of transaction costs, stamp duty, and registration fees
12. Default and Remedies: Consequences of breach and available remedies
13. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
14. Notices: Process and addresses for serving notices between parties
15. Execution: Signature blocks and witness requirements
1. Mortgage Financing: Terms relating to purchaser's mortgage arrangements, used when purchase involves bank financing
2. Property Inspection: Terms regarding property inspection rights and conditions, used when inspection is pending
3. Existing Tenancies: Details of current tenants and lease arrangements, used when property is tenant-occupied
4. Possession and Utilities: Terms for handover of possession and transfer of utilities, used when immediate possession is involved
5. Construction Requirements: Additional terms for incomplete or under-construction properties
6. Power of Attorney: Terms relating to power of attorney if any party is acting through an attorney
7. Property Management: Interim property management terms between contract and completion
1. Schedule 1 - Property Description: Detailed property specifications, measurements, and boundaries
2. Schedule 2 - Property Documents: List of title and ownership documents
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment installments and dues
4. Schedule 4 - Property Plan: Property maps, plans, and drawings
5. Schedule 5 - Inventory: List of fixtures and fittings included in the sale
6. Appendix A - Title Documents: Copies of relevant title and ownership documents
7. Appendix B - NOCs and Permissions: Copies of necessary permits and no-objection certificates
8. Appendix C - Property Tax Records: Recent property tax receipts and clearance certificates
Authors
Property
Completion Date
Completion
Deposit
Purchase Price
Title Documents
Encumbrances
Business Day
Possession
Transfer Deed
Mutation
Registration Fee
Stamp Duty
Sale Deed
Local Authority
NOC
CNIC
Property Documents
Seller's Solicitor
Buyer's Solicitor
Fixtures and Fittings
Land Revenue Authority
Sub-Registrar
Vacant Possession
Working Day
Material Breach
Permitted Use
Property Tax
Title Search
Fard-e-Malkiat
Force Majeure
Closing
Due Diligence
Effective Date
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Conditions Precedent
Completion
Property Inspection
Registration and Transfer
Stamp Duty
Property Taxes
Possession
Default and Remedies
Force Majeure
Indemnification
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Costs and Expenses
Further Assurance
Compliance with Laws
Property Insurance
Due Diligence
Title Clearance
Encumbrances
Vacant Possession
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Property Management
Professional Services
Public Sector
Legal
Real Estate
Compliance
Property Management
Contract Administration
Risk Management
Corporate Affairs
Operations
Documentation
Legal Counsel
Property Lawyer
Real Estate Agent
Property Manager
Compliance Officer
Contract Manager
Property Developer
Bank Manager
Mortgage Advisor
Property Valuer
Title Examiner
Conveyancing Lawyer
Legal Administrator
Real Estate Director
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