Document background
The Property Offer to Purchase is a crucial initial document in Pakistani real estate transactions, serving as the formal written proposal from a potential buyer to a property owner. This document is used when a prospective buyer wishes to formalize their intent to purchase real estate and outlines the specific terms under which they are willing to proceed with the transaction. The agreement must comply with Pakistani property law, particularly the Transfer of Property Act 1882, Registration Act 1908, and relevant provincial regulations. It typically includes essential details such as property description, purchase price, payment terms, conditions precedent, and timeline for completion. The document serves as a precursor to the final sale agreement and, once accepted by the seller, creates legally binding obligations on both parties subject to any conditions specified in the offer.
