Perpetual Lease Deed Template for Pakistan

The Perpetual Lease Deed is a sophisticated legal instrument commonly used in Pakistan for long-term property arrangements where complete transfer of ownership is either not desired or not possible. This document is particularly relevant in cases involving government land, religious properties (waqf), or strategic commercial developments. It provides a framework for permanent property rights while maintaining certain controls through the lease structure. The deed must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and relevant provincial laws. It typically includes comprehensive details about property description, permitted use, development rights, maintenance obligations, and transfer restrictions. The document is especially important in urban development scenarios, agricultural land arrangements, and commercial property developments where perpetual rights are needed but absolute ownership transfer is not feasible.

1. Parties: Identification and details of the Lessor and Lessee, including their legal capacity and addresses

2. Background: Context of the lease arrangement, property ownership history, and basis for the perpetual lease

3. Definitions: Definitions of key terms used throughout the deed

4. Property Description: Detailed description of the leased property including boundaries, measurements, and location

5. Grant of Lease: Express terms granting perpetual lease rights and stating the perpetual nature of the arrangement

6. Consideration: Details of lease premium, ground rent, and payment terms

7. Rights and Obligations of Lessor: Comprehensive listing of the lessor's continuing obligations and rights

8. Rights and Obligations of Lessee: Detailed obligations and rights of the lessee including maintenance, use restrictions, and improvement rights

9. Permitted Use: Specified purposes for which the property may be used

10. Transfer and Assignment: Terms governing the lessee's rights to transfer, assign, or create sub-leases

11. Insurance and Taxes: Obligations regarding property insurance and payment of taxes

12. Default and Remedies: Consequences of default and available remedies for both parties

13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdictional details

14. Execution: Formal execution block with witness requirements and attestation