Document background
The Seller Financing Contract is a specialized agreement used in Pakistan when traditional bank financing is either unavailable or undesirable, allowing property sellers to finance the buyer's purchase directly. This arrangement is particularly relevant in Pakistan's dynamic real estate market where alternative financing options are often needed. The document incorporates elements of property law, contract law, and financial regulations, ensuring compliance with both federal and provincial requirements. It includes comprehensive provisions for property transfer, payment terms, security arrangements, and default remedies, while accommodating both conventional and Islamic financing principles. The agreement must be properly stamped and registered under Pakistani law to be enforceable. This type of contract is particularly useful for property developers, individual sellers, and buyers seeking flexible financing options outside traditional banking channels.
