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Agreement Of Purchase And Sale Form For Private Sale
"I need an Agreement of Purchase and Sale Form for Private Sale for a residential property in Lahore, Pakistan, with a completion date of March 15, 2025, including provisions for payment in three installments and a thorough property inspection clause."
1. Parties: Identification and details of the Seller and Buyer, including complete legal names, CNIC numbers, and addresses
2. Background: Brief context of the transaction and property ownership history
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Property Description: Detailed description of the property including exact location, dimensions, and boundaries as per title documents
5. Purchase Price: The agreed purchase price and payment terms including installments if applicable
6. Payment Method: Specified method of payment and banking details
7. Title and Ownership: Seller's warranties regarding clear title and ownership rights
8. Possession: Terms and timing of property possession transfer
9. Closing Date: Specified date for completion of the transaction
10. Seller's Obligations: List of responsibilities and commitments of the seller
11. Buyer's Obligations: List of responsibilities and commitments of the buyer
12. Registration and Transfer: Process and responsibilities for property registration and transfer
13. Representations and Warranties: Standard warranties about property condition and legal status
14. Default and Remedies: Consequences of default by either party and available remedies
15. Governing Law: Specification of Pakistani law as governing law
16. Execution: Signature blocks and witness requirements
1. Condition Precedents: Specific conditions that must be met before the agreement becomes effective, used when there are pending approvals or clearances
2. Property Inspection: Terms for property inspection rights and process, used when buyer requires inspection period
3. Existing Tenancies: Details of any existing tenants and lease agreements, included if property is currently rented
4. Utilities and Maintenance: Responsibilities for utilities and maintenance during transition, used for occupied properties
5. Broker/Agent: Details of any real estate agents involved and their commissions, included if brokers are part of the transaction
6. Mortgage/Finance: Terms related to buyer's financing arrangements, included if purchase involves mortgage
7. Tax Implications: Specific tax-related terms and responsibilities, used for high-value transactions
8. Force Majeure: Provisions for unforeseen circumstances, included for longer-term closing periods
1. Property Documents: List of all title and property documents including property papers, tax receipts, and previous agreements
2. Payment Schedule: Detailed breakdown of payment installments and due dates if applicable
3. Property Inventory: List of fixtures, fittings, and other items included in the sale
4. Outstanding Liabilities: List of any pending dues, taxes, or charges on the property
5. Property Plans: Architectural plans, site maps, and property measurements
6. Compliance Certificates: Copies of necessary permits, NOCs, and compliance certificates
7. Title Search Report: Detailed report showing clear chain of title and absence of encumbrances
Authors
Property
Purchase Price
Completion Date
Possession Date
Seller
Buyer
Deposit
Title Deeds
Transfer Deed
Encumbrances
Business Day
Consideration
Sale Deed
Fixtures and Fittings
Land Revenue Records
Force Majeure
Material Adverse Change
Mutation
NOC
Outstanding Charges
Property Documents
Registration Authority
Stamp Duty
Tenure
Third Party Rights
Title Search Report
Vacant Possession
Valuation Report
CNIC
Warranties
Requisite Approvals
Local Authority
Applicable Law
Default Notice
Property Description
Purchase Price
Payment Terms
Title Transfer
Possession
Representations and Warranties
Due Diligence
Property Inspection
Conditions Precedent
Seller Obligations
Buyer Obligations
Registration Requirements
Stamp Duty
Default
Remedies
Force Majeure
Indemnification
Risk Transfer
Insurance
Assignment
Notices
Dispute Resolution
Governing Law
Amendments
Entire Agreement
Severability
Property Tax
Utilities Transfer
Broker Commission
Closing Costs
Further Assurance
Time of Essence
Survival
Counterparts
Real Estate
Banking & Finance
Legal Services
Construction
Property Development
Investment & Asset Management
Agriculture (for agricultural land)
Commercial Property
Residential Property
Industrial Property
Legal
Real Estate
Compliance
Finance
Operations
Risk Management
Corporate Affairs
Business Development
Investment
Property Management
Legal Counsel
Property Manager
Real Estate Manager
Compliance Officer
Contract Administrator
Business Development Manager
Investment Manager
Asset Manager
Corporate Lawyer
Property Consultant
Financial Controller
Risk Manager
Company Secretary
Operations Manager
Transaction Manager
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