Memorandum Of Understanding (Real Estate) Template for Pakistan

1. Exclusivity: Used when parties want to ensure exclusive negotiations for a specified period

2. Costs and Expenses: Include when there's a need to specify how transaction costs will be allocated

3. Representatives and Warranties: Added for more complex transactions where preliminary assurances are needed

4. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures

5. Force Majeure: Added when parties want to address potential extraordinary circumstances

6. Assignment: Include when there's a possibility of rights transfer under the MOU

7. Third Party Rights: Used when other parties might have interests in the transaction

8. Conditions Precedent: Include when certain conditions must be met before proceeding with the transaction

1. Property Description Schedule: Detailed technical description of the property including boundaries, measurements, and facilities

2. Payment Schedule: Breakdown of proposed payment structure and timelines

3. Due Diligence Checklist: List of required documents and verifications

4. Title Documents: Copies or lists of relevant property ownership documents

5. Property Plans: Architectural plans, maps, or layout drawings of the property

6. Encumbrances Schedule: List of any existing liens, mortgages, or other encumbrances on the property

7. Required Approvals: List of necessary governmental or regulatory approvals