The As Is Real Estate Contract is essential for property transactions in Pakistan where sellers wish to transfer property without providing warranties about its physical condition. This document is particularly useful in situations involving distressed properties, quick sales, or where the buyer has conducted thorough due diligence and accepts the property's current state. The contract, governed by Pakistani law, includes detailed provisions covering property description, price, payment terms, and transfer procedures, while explicitly stating the property's "as is" nature. It incorporates requirements from the Transfer of Property Act 1882, Registration Act 1908, and relevant provincial laws, making it suitable for both residential and commercial property transactions in Pakistan. The document protects sellers from future claims regarding property condition while ensuring buyers acknowledge their acceptance of the property's current state.

1. Parties: Identification and details of the seller and buyer, including their full legal names, addresses, and national ID numbers

2. Background: Context of the transaction, including brief property history and purpose of the agreement

3. Definitions: Key terms used throughout the agreement, including 'As Is' condition definition

4. Property Description: Detailed legal description of the property, including address, dimensions, and registration details

5. Purchase Price: Agreed purchase price and payment terms, including deposit arrangements

6. As Is Condition: Explicit acknowledgment that the property is being sold in its current condition with all faults and defects

7. Buyer's Acknowledgments: Buyer's confirmation of property inspection and acceptance of current condition

8. Transfer of Title: Process and obligations for transferring property title

9. Closing and Possession: Closing date, possession arrangements, and related procedures

10. Representations and Warranties: Limited warranties regarding title and ownership, explicitly excluding condition warranties

11. Costs and Taxes: Allocation of transfer costs, taxes, and stamp duties

12. Default and Remedies: Consequences of default by either party and available remedies

13. Governing Law: Confirmation of Pakistani law governance and jurisdiction

14. Execution: Signature blocks and witness requirements