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Home Sales Agreement Contract
"I need a Home Sales Agreement Contract for a fully paid purchase of a 500-square-yard residential property in DHA Lahore, with possession to be handed over by March 2025."
1. Parties: Identification and details of the Seller and Buyer, including complete legal names, CNICs, and addresses
2. Background: Brief context of the 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. Purchase Price: Total purchase price and payment terms including installment schedule if applicable
6. Payment Terms: Detailed breakdown of payment structure, deadlines, and acceptable payment methods
7. Seller's Representations and Warranties: Seller's declarations regarding property ownership, encumbrances, and condition
8. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and understanding of property condition
9. Closing Process: Steps for completing the transaction, including documentation and registration requirements
10. Possession: Terms and timing for transferring possession of the property
11. Taxes and Expenses: Allocation of taxes, registration fees, and other transaction costs
12. Default and Remedies: Consequences and remedies for breach of agreement terms
13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction
14. Notices: Process and addresses for formal communications between parties
15. Entire Agreement: Statement that the document represents the complete agreement between parties
1. Property Inspection: Detailed terms regarding property inspection rights and process, used when buyer hasn't completed inspection before signing
2. Financing Contingency: Terms relating to buyer's ability to secure mortgage financing, included when buyer requires bank financing
3. Construction Completion: Used for under-construction properties, specifying completion timelines and standards
4. Tenant Rights: Required when property is currently tenanted, addressing existing lease agreements
5. Islamic Finance Compliance: Additional terms ensuring compliance with Islamic financing principles when applicable
6. Property Management: Terms for interim property management between agreement signing and possession
7. Joint Ownership: Special terms for multiple buyers or family ownership arrangements
1. Schedule A - Property Details: Detailed property specifications, including floor plans and boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment installments and due dates
3. Schedule C - Property Documents: List of all property papers and certificates included in the sale
4. Schedule D - Fixtures and Fittings: Inventory of items included/excluded in the sale
5. Schedule E - Outstanding Utilities: List of utility connections and outstanding bills
6. Schedule F - Property Inspection Report: Findings from property inspection if conducted
7. Appendix 1 - Required Governmental Approvals: List of necessary permits and approvals
8. Appendix 2 - Property Photos: Current photographs of the property condition
Authors
Property
Seller
Buyer
Purchase Price
Completion Date
Closing
Deposit
Transfer Deed
Encumbrance
Registration
Title Documents
Possession Date
Property Documents
Force Majeure
Business Day
Effective Date
Down Payment
Installments
Default
Due Diligence
Fixtures and Fittings
Material Defect
Occupation Certificate
Outstanding Charges
Permitted Use
Property Tax
Sale Deed
Stamp Duty
Transfer Fee
Utilities
Vacant Possession
Valuation
Sub-Registrar
CNIC
Land Revenue Record
Mutation
Fard
NOC
Society Charges
Purchase Price
Payment Terms
Title Transfer
Property Inspection
Representations and Warranties
Possession
Default and Remedies
Registration
Taxes and Expenses
Due Diligence
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Assignment
Severability
Indemnification
Title Insurance
Property Condition
Utilities Transfer
Encumbrances
Closing Conditions
Risk of Loss
Property Access
Documentation
Compliance
Maintenance
Insurance
Third Party Rights
Termination
Amendment
Time of Essence
Further Assurance
Real Estate
Legal Services
Banking and Finance
Construction
Property Development
Insurance
Property Management
Professional Services
Public Sector
Legal
Real Estate
Sales
Compliance
Property Management
Documentation
Contract Administration
Risk Management
Customer Relations
Finance
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Contract Manager
Property Developer
Sales Manager
Compliance Officer
Real Estate Broker
Title Officer
Property Valuation Expert
Mortgage Officer
Legal Administrator
Real Estate Investment Manager
Property Documentation Specialist
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