Simple House Sale Contract Template for Pakistan

The Simple House Sale Contract is a fundamental legal document used in Pakistan for residential property transactions between private parties. This contract type is essential for documenting the terms and conditions of property sales in compliance with Pakistani property law, particularly the Transfer of Property Act 1882 and related legislation. It is typically used for straightforward residential property transactions where one party (the seller) agrees to transfer ownership of a house to another party (the buyer) for an agreed sum. The document includes crucial information such as property details, purchase price, payment terms, completion timeline, and the parties' obligations. It serves as a legally binding agreement that protects both parties' interests and ensures the transaction meets all legal requirements for property transfer in Pakistan. This contract is particularly important as it forms the basis for property registration and transfer of ownership with local land authorities.

1. Parties: Identification of the seller and buyer with complete details including name, CNIC, address

2. Background: Brief context of the sale transaction and property ownership history

3. Definitions: Key terms used in the agreement including Property, Completion Date, Purchase Price

4. Property Details: Complete description of the property including address, dimensions, and registration details

5. Purchase Price: Agreed sale price and payment terms including installments if applicable

6. Payment Terms: Details of how and when payments will be made, including any advance payments

7. Completion: Process and timeline for completing the sale and transferring ownership

8. Seller's Obligations: Responsibilities of the seller including providing clear title and necessary documentation

9. Buyer's Obligations: Responsibilities of the buyer including timely payment and registration requirements

10. Representations and Warranties: Statements and guarantees about the property's condition and ownership

11. Governing Law: Specification that Pakistani law governs the agreement

12. Execution: Signing requirements and witness details as per Pakistani law