The Mobile Home Park Purchase Agreement is a specialized contract used in Pakistan for transactions involving mobile home park properties. This document is essential when transferring ownership of a mobile home park, which typically includes both real estate and ongoing business operations. It addresses unique aspects such as existing tenant relationships, park infrastructure, and operational permits while ensuring compliance with Pakistani property laws and regulations. The agreement is particularly important as it must bridge the gap between traditional real estate transactions and the specific requirements of mobile home park operations, including consideration of tenant rights, park rules, and maintenance obligations. It's commonly used by property investors, real estate developers, and business entities looking to acquire or divest mobile home park assets in Pakistan.

1. Parties: Identification of the seller and buyer of the mobile home park, including their legal names, addresses, and registration details

2. Background: Context of the transaction, brief description of the mobile home park, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement including 'Property', 'Mobile Homes', 'Common Areas', 'Existing Tenants', etc.

4. Sale and Purchase: Core transaction terms including purchase price, property description, and what is included/excluded in the sale

5. Purchase Price and Payment: Detailed breakdown of the purchase price, payment schedule, deposit requirements, and payment methods

6. Due Diligence: Buyer's rights to inspect the property, review documents, and conduct investigations before closing

7. Conditions Precedent: Conditions that must be satisfied before the transaction can close

8. Seller's Representations and Warranties: Seller's statements about the property's condition, title, permits, litigation, etc.

9. Buyer's Representations and Warranties: Buyer's statements about their capacity and authority to enter into the agreement

10. Closing: Process and requirements for completing the transaction

11. Post-Closing Obligations: Ongoing obligations of both parties after the closing

12. Assignment of Contracts: Transfer of existing tenant agreements, service contracts, and permits

13. Indemnification: Parties' obligations to protect each other from specific losses or claims

14. Default and Remedies: Consequences of breach and available remedies

15. Notices: How formal communications between parties should be made

16. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes

17. General Provisions: Standard boilerplate provisions including amendments, severability, entire agreement, etc.