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Property Sales Agreement
"I need a Property Sales Agreement for the sale of my residential house in Lahore, Pakistan, with a completion date of March 15, 2025, including provisions for an initial 20% deposit and three subsequent installment payments."
1. Parties: Identification of the Seller and Buyer with complete legal names, CNICs, and addresses
2. Background: Brief context of the transaction and property ownership history
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Details: Comprehensive description of the property including exact location, dimensions, and boundaries
5. Sale and Purchase: Core agreement to sell and purchase the property
6. Purchase Price: Agreed price, payment schedule, and payment methods
7. Completion Requirements: Conditions to be met before completion, including documentation and regulatory requirements
8. Seller's Warranties: Warranties regarding property ownership, encumbrances, and legal status
9. Buyer's Warranties: Warranties regarding financial capacity and compliance with applicable laws
10. Possession and Risk: Terms for property handover and transfer of risk
11. Registration and Transfer: Process and responsibilities for property registration and transfer
12. Costs and Taxes: Allocation of transaction costs, stamp duty, and other taxes
13. Default and Remedies: Consequences of breach and available remedies
14. Governing Law: Confirmation of Pakistani law as governing law and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Tenant Rights: Required if the property is currently tenanted, addressing existing tenancy agreements
2. Mortgage Details: Required if the property has existing mortgages or if the purchase is being financed
3. Construction Requirements: Needed for properties under construction or requiring specific modifications
4. Foreign Ownership Compliance: Required if the buyer is a foreign national or overseas Pakistani
5. Agricultural Land Provisions: Required for agricultural property sales addressing specific regulations
6. Society/Housing Authority Compliance: Required for properties in managed housing societies
7. Joint Ownership Provisions: Required when multiple buyers are involved
8. Power of Attorney: Required if any party is acting through an attorney
1. Schedule 1 - Property Description: Detailed property specifications, including floor plans and boundaries
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and dates
3. Schedule 3 - Property Documents: List of all property documents and certificates
4. Schedule 4 - Existing Encumbrances: Details of any existing liens, mortgages, or encumbrances
5. Schedule 5 - Completion Checklist: List of requirements for completion of sale
6. Appendix A - Property Photos: Current photographs of the property
7. Appendix B - Title Documents: Copies of relevant title documents
8. Appendix C - NOCs: Copies of necessary No Objection Certificates
9. Appendix D - Tax Certificates: Property tax payment proof and certificates
Authors
Property
Purchase Price
Completion Date
Completion
Seller
Buyer
Deposit
Title Documents
Encumbrances
Force Majeure
Business Day
Effective Date
Possession Date
Transfer Deed
Registration Authority
Land Revenue Authority
Mutation
Sale Deed
Stamp Duty
Registration Fee
Property Documents
Due Diligence
No Objection Certificate
Warranties
Default
Permitted Use
Property Tax
Utilities
Common Areas
Completion Requirements
Authorized Representative
CNIC
Material Adverse Change
Fard-e-Malkiat
Legal Charges
Vacant Possession
Property Description
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Title and Ownership
Warranties and Representations
Due Diligence
Conditions Precedent
Completion Requirements
Possession and Transfer
Registration and Mutation
Encumbrances
Property Tax
Utilities Transfer
Default and Remedies
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Costs and Expenses
Indemnification
Termination
Survival
Third Party Rights
Compliance with Laws
Authority and Capacity
Property Inspection
Insurance
Further Assurance
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Urban Development
Housing & Infrastructure
Agriculture (for agricultural land)
Commercial Property
Residential Property
Legal
Real Estate
Compliance
Property Management
Documentation
Finance
Risk Management
Operations
Business Development
Customer Relations
Real Estate Lawyer
Property Manager
Real Estate Agent
Property Developer
Legal Counsel
Compliance Officer
Real Estate Investment Manager
Property Valuation Expert
Land Revenue Officer
Registration Officer
Real Estate Transaction Coordinator
Property Documentation Specialist
Real Estate Finance Manager
Housing Society Manager
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