The Simple Real Estate Purchase Contract is a fundamental legal document used in Pakistan for property transactions between buyers and sellers. It serves as a binding agreement that documents the transfer of property ownership, incorporating essential elements required under Pakistani law, including the Transfer of Property Act 1882 and Registration Act 1908. This document is particularly useful for straightforward property transactions where parties seek a clear, comprehensive agreement without complex conditions or unusual terms. It includes critical information such as property details, purchase price, payment terms, warranties, and transfer procedures, while ensuring compliance with local registration requirements and stamp duty regulations. The contract is designed to protect both parties' interests while facilitating a smooth property transfer process within the Pakistani legal framework.
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1. Parties: Identification of the Seller and Buyer with complete legal names, CNICs, and addresses
2. Background: Brief context of the transaction and confirmation of Seller's ownership
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price
4. Property Details: Comprehensive legal description of the property including address, dimensions, and registration details
5. Purchase Price: Total consideration and payment terms including deposit and balance payment schedule
6. Completion: Timing and process for completing the sale and transfer of property
7. Seller's Representations and Warranties: Confirmations regarding property title, encumbrances, and legal status
8. Buyer's Representations and Warranties: Confirmations regarding financial capacity and compliance with laws
9. Possession: Terms for delivering possession of the property to the Buyer
10. Registration and Transfer: Process and responsibilities for property registration and transfer
11. Costs and Taxes: Allocation of transaction costs, stamp duty, and registration fees
12. Governing Law: Confirmation of Pakistani law as governing law
13. Signatures: Execution block with space for parties' signatures and witnesses
1. Condition Precedents: Specific conditions that must be met before completion, used when there are pending approvals or clearances
2. Property Inspection: Terms for property inspection and condition assessment, used when buyer requires specific inspection rights
3. Utilities and Maintenance: Arrangements for transfer of utilities and maintenance responsibilities, used for properties with existing services
4. Existing Tenancies: Details of any existing tenants and lease arrangements, used for tenanted properties
5. Financing Contingency: Conditions related to buyer's financing arrangements, used when purchase depends on mortgage approval
6. Property Contents: List of fixtures and fittings included/excluded from sale, used for furnished properties
7. Development Rights: Terms regarding future development rights, used for properties with development potential
1. Schedule 1 - Property Description: Detailed property specifications, including floor plans and boundaries
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and installments
3. Schedule 3 - Property Documents: List of title and property documents to be handed over
4. Schedule 4 - Outstanding Liabilities: List of any pending dues or liabilities related to the property
5. Appendix A - Property Photos: Recent photographs of the property and its major features
6. Appendix B - Title Documents: Copies of relevant title and ownership documents
7. Appendix C - NOCs and Permits: Copies of necessary No Objection Certificates and permits
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Deposit
Balance Payment
Seller
Buyer
Completion
Business Day
Title Documents
Encumbrances
Property Documents
Registration
Stamp Duty
Transfer Deed
Possession
Mutation
Property Tax
Due Diligence
Force Majeure
Warranties
Default
Notice
Effective Date
Land Revenue Authority
Registration Authority
Permitted Use
Material Adverse Change
Completion Certificate
Property
Purchase Price
Completion Date
Deposit
Balance Payment
Seller
Buyer
Completion
Business Day
Title Documents
Encumbrances
Property Documents
Registration
Stamp Duty
Transfer Deed
Possession
Mutation
Property Tax
Due Diligence
Force Majeure
Warranties
Default
Notice
Effective Date
Land Revenue Authority
Registration Authority
Permitted Use
Material Adverse Change
Completion Certificate
Clauses
Identification of Parties
Property Description
Purchase Price
Payment Terms
Title and Ownership
Representations and Warranties
Due Diligence
Conditions Precedent
Completion
Transfer and Registration
Possession
Property Inspection
Seller's Obligations
Buyer's Obligations
Default and Remedies
Force Majeure
Costs and Taxes
Notices
Governing Law
Dispute Resolution
Amendment
Severability
Entire Agreement
Assignment
Survival
Indemnification
Property Insurance
Environmental Compliance
Utilities Transfer
Time of Essence
Property Description
Purchase Price
Payment Terms
Title and Ownership
Representations and Warranties
Due Diligence
Conditions Precedent
Completion
Transfer and Registration
Possession
Property Inspection
Seller's Obligations
Buyer's Obligations
Default and Remedies
Force Majeure
Costs and Taxes
Notices
Governing Law
Dispute Resolution
Amendment
Severability
Entire Agreement
Assignment
Survival
Indemnification
Property Insurance
Environmental Compliance
Utilities Transfer
Time of Essence
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Construction
Property Development
Urban Planning
Property Management
Residential Housing
Commercial Property
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Documentation
Risk Management
Finance
Operations
Business Development
Client Relations
Relevant Roles
Real Estate Agent
Property Lawyer
Conveyancing Lawyer
Property Manager
Legal Counsel
Real Estate Developer
Property Valuer
Mortgage Officer
Land Revenue Officer
Registration Officer
Real Estate Investment Manager
Property Consultant
Legal Documentation Specialist
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