Document background
A Mortgage Lease Agreement is a specialized legal instrument used in Pakistani property transactions where financing and leasing arrangements are combined into a single agreement. This document is particularly relevant when property financing needs to be structured in compliance with both conventional banking and Islamic finance principles, as Pakistan operates under a dual banking system. The agreement details crucial elements including property specifications, payment schedules, security creation, and lease terms while ensuring compliance with local property laws and banking regulations. It's commonly used in both residential and commercial property transactions, providing security to the financial institution while establishing clear occupancy rights for the lessee. The document must be properly registered under Pakistani law and typically requires careful consideration of both the Transfer of Property Act 1882 and relevant Islamic banking regulations.
