Sale Deed For Undivided Share Of Land Template for Pakistan

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Key Requirements PROMPT example:

Sale Deed For Undivided Share Of Land

"I need a Sale Deed for Undivided Share of Land to transfer my 25% share of our family agricultural property in Lahore to my younger sister, with the remaining shares staying with my other two siblings, to be executed by March 2025."

Document background
The Sale Deed For Undivided Share Of Land is a crucial legal document used in Pakistan when transferring partial ownership rights in a property while maintaining its undivided status. This type of deed is particularly relevant in situations involving family properties, joint investments, or corporate real estate holdings where multiple owners hold shares in a single property. The document must comply with Pakistani property law, including the Transfer of Property Act, 1882, Registration Act, 1908, and relevant stamp duty regulations. It includes essential elements such as precise share calculations, property descriptions, co-owner rights, and necessary regulatory approvals. The deed is commonly used in urban and rural settings, requiring careful attention to local development authority requirements and land revenue regulations.
Suggested Sections

1. Parties: Identification and details of the Seller(s) and Purchaser(s), including their complete names, ages, occupations, and addresses

2. Background: History of ownership, current ownership status, and context of the undivided share sale

3. Definitions: Definitions of key terms used in the deed, including 'Property', 'Share', 'Co-owners', and other relevant terms

4. Details of Property: Complete description of the entire property including location, boundaries, and total area

5. Share Details: Specific details of the undivided share being sold, expressed as a fraction or percentage

6. Consideration: Sale price, payment terms, and confirmation of receipt

7. Rights and Interests: Description of rights being transferred and retained by other co-owners

8. Seller's Representations: Warranties about title, encumbrances, and authority to sell

9. Possession: Terms of possession and usage rights of the undivided share

10. Registration and Expenses: Details about registration requirements and responsibility for expenses

11. Governing Law: Specification of Pakistani law as governing law and jurisdiction

12. Execution: Signature blocks and witness requirements

Optional Sections

1. Co-owner's Consent: Required when other co-owners need to formally consent to the sale

2. Power of Attorney: Included when any party is acting through an authorized representative

3. Bank Mortgage Details: Required if the property has any existing mortgage or if the purchase is financed

4. Development Authority NOC: Required when property is in an urban area requiring development authority approval

5. Usage Rights Agreement: Specific arrangements for sharing and using the property among co-owners

6. Tax Declarations: Specific statements regarding tax compliance and capital gains tax

7. Future Right of First Refusal: Optional clause giving existing co-owners first right to purchase if the share is resold

Suggested Schedules

1. Schedule A - Property Description: Detailed technical description of the entire property including survey numbers, boundaries, and measurements

2. Schedule B - Share Calculation: Mathematical calculation and exact specification of the undivided share being transferred

3. Schedule C - Title Documents: List of all previous title documents and chain of ownership

4. Schedule D - Payment Schedule: If payment is in installments, detailed payment schedule with dates and amounts

5. Schedule E - Encumbrance Certificate: Copy or details of recent encumbrance certificate

6. Appendix 1 - Property Papers: Copies of essential property documents including tax receipts and utility bills

7. Appendix 2 - Site Plan: Approved site plan or survey plan of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Real Estate

Construction

Property Development

Banking and Finance

Legal Services

Agriculture

Industrial Development

Commercial Property

Residential Property

Urban Development

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Affairs

Documentation

Land Acquisition

Title Research

Property Development

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Land Revenue Officer

Real Estate Developer

Corporate Counsel

Property Valuation Expert

Legal Consultant

Real Estate Investment Manager

Development Authority Officer

Title Search Specialist

Compliance Officer

Real Estate Transaction Manager

Property Documentation Specialist

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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