The Cash Sale House Contract is a fundamental legal document used in Pakistan for residential property transactions where the full payment is made in cash rather than through financing or installments. This document is essential when conducting property transactions under Pakistani law, particularly in compliance with the Transfer of Property Act 1882, Registration Act 1908, and relevant stamp duty regulations. It serves as a comprehensive record of the transaction, incorporating all necessary elements required by Pakistani property law, including detailed property description, payment confirmation, warranties, and transfer terms. The contract is typically used in situations where the buyer has the full purchase amount available in cash and both parties wish to complete the transaction without involving mortgage or financing arrangements. It includes specific provisions for documenting the cash payment in compliance with Pakistani banking regulations and anti-money laundering requirements.
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1. Parties: Full legal names, CNIC numbers, and addresses of the seller and purchaser
2. Background: Brief context of the sale transaction and property ownership history
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, dimensions, and registration details
5. Sale Price and Payment: Agreed purchase price and payment terms including confirmation of cash payment
6. Seller's Representations and Warranties: Seller's declarations regarding property ownership, encumbrances, and legal status
7. Property Handover: Terms and conditions for physical possession transfer
8. Tax Obligations: Responsibility for various taxes including property tax, capital gains tax, and stamp duty
9. Title Documents: List of title documents to be handed over to the purchaser
10. Utilities Transfer: Process for transfer of utility connections and payment of outstanding bills
11. Governing Law: Specification of Pakistani law as governing law and jurisdiction
12. Execution: Signing and witnessing requirements as per Pakistani law
1. Property Inspection: Details of property inspection conducted by purchaser, to be included if inspection was part of the sale process
2. Existing Tenancies: Details of any existing tenants and handling of tenancy agreements, if property is currently rented
3. Outstanding Charges: Details of any outstanding charges or liens, if applicable
4. Power of Attorney: Details of any power of attorney arrangements, if either party is acting through an attorney
5. Society NOC: Details of housing society No Objection Certificate, if property is in a housing society
6. Construction Permissions: Details of building permits and approvals, if property includes recent construction
1. Schedule 1 - Property Details: Comprehensive property details including plot number, street, sector, size, and boundaries
2. Schedule 2 - Title Documents: List of all title documents with their references and dates
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment including any adjustments for utilities or taxes
4. Schedule 4 - Property Photos: Current photographs of the property and its condition
5. Appendix A - Property Papers: Copies of essential property papers including registry, tax receipts, and utility bills
6. Appendix B - Identity Documents: Copies of CNIC and other identity documents of parties
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Seller
Purchaser
Title Documents
Encumbrances
Possession
Business Day
Completion
Transfer Deed
Registration Authority
Property Documents
CNIC
Local Authority
Outstanding Charges
Utilities
Stamp Duty
Registration Fee
Transfer Tax
Property Tax
Title Certificate
Land Revenue Authority
Municipal Authority
Housing Society
NOC
Sale Deed
Mutation
Fard-e-Malkiat
Witnesses
Property
Purchase Price
Completion Date
Seller
Purchaser
Title Documents
Encumbrances
Possession
Business Day
Completion
Transfer Deed
Registration Authority
Property Documents
CNIC
Local Authority
Outstanding Charges
Utilities
Stamp Duty
Registration Fee
Transfer Tax
Property Tax
Title Certificate
Land Revenue Authority
Municipal Authority
Housing Society
NOC
Sale Deed
Mutation
Fard-e-Malkiat
Witnesses
Clauses
Property Description
Sale and Purchase
Purchase Price
Payment Terms
Title and Ownership
Representations and Warranties
Property Condition
Possession and Transfer
Registration and Documentation
Tax Obligations
Utilities Transfer
Encumbrances
Due Diligence
Risk and Insurance
Force Majeure
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Assignment
Costs and Expenses
Compliance with Laws
Property Inspection
Title Investigation
Registration Requirements
Property Handover
Default and Remedies
Sale and Purchase
Purchase Price
Payment Terms
Title and Ownership
Representations and Warranties
Property Condition
Possession and Transfer
Registration and Documentation
Tax Obligations
Utilities Transfer
Encumbrances
Due Diligence
Risk and Insurance
Force Majeure
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Assignment
Costs and Expenses
Compliance with Laws
Property Inspection
Title Investigation
Registration Requirements
Property Handover
Default and Remedies
Relevant Industries
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Housing & Urban Development
Investment & Asset Management
Property Management
Public Sector Administration
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Documentation
Risk Management
Asset Management
Investment
Operations
Administrative
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Investment Manager
Asset Manager
Bank Manager
Title Officer
Property Registrar
Real Estate Consultant
Housing Society Manager
Legal Administrator
Property Documentation Officer
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