Document background
The Seller Financing Addendum is a crucial document in Pakistani property transactions where traditional bank financing is either unavailable or not preferred. It is commonly used in situations where sellers are willing to facilitate property sales by offering direct financing to buyers, particularly in real estate markets where conventional mortgage options may be limited. This document type complements the main purchase agreement by detailing the financing terms, security arrangements, and compliance requirements under Pakistani law. The addendum must account for local property regulations, financial services laws, and potentially Islamic finance principles, making it essential for both residential and commercial property transactions. It provides a legally sound framework for protecting the seller's interests while enabling buyers to acquire property through alternative financing methods.
