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Agreement To Sell And Purchase
"I need an Agreement to Sell and Purchase for a commercial property in Lahore, Pakistan, with a phased payment structure over 6 months and specific conditions regarding existing tenant rights."
1. Parties: Identifies and provides full details of the seller and purchaser, including names, addresses, and legal status
2. Background: Explains the context of the sale and purchase, including brief property description and parties' intention to enter into the transaction
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Sale and Purchase: Core agreement clause stating the seller's commitment to sell and buyer's commitment to purchase the property
5. Purchase Price: Specifies the agreed price, payment schedule, and payment methods
6. Property Details: Detailed description of the property including location, boundaries, and registration details
7. Conditions Precedent: Lists conditions that must be satisfied before completion of the sale
8. Seller's Representations and Warranties: Seller's declarations regarding property title, encumbrances, and other material facts
9. Buyer's Representations and Warranties: Buyer's declarations regarding capacity to purchase and financial ability
10. Completion: Details of the completion process, timing, and requirements
11. Default and Remedies: Consequences of default by either party and available remedies
12. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and defines jurisdiction for disputes
13. Notices: Specifies how formal communications between parties should be made
14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Third Party Rights: Include when there are specific third parties who may have rights under the agreement
2. Mortgage or Financing: Include when the purchase involves bank financing or mortgage arrangements
3. Property Inspection: Include when specific inspection requirements or findings need to be documented
4. Existing Tenancies: Include when the property has existing tenants and their rights need to be addressed
5. Development Requirements: Include when the property requires specific development or has development restrictions
6. Agricultural Land Provisions: Include when the property is agricultural land subject to special regulations
7. Power of Attorney: Include when either party is acting through an attorney
1. Property Description Schedule: Detailed technical description of the property including measurements and boundaries
2. Title Documents: List and copies of all relevant title documents and certificates
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Property Inventory: List of fixtures, fittings, and other items included in the sale
5. Outstanding Liabilities: Details of any existing mortgages, charges, or other encumbrances
6. Required Approvals: List of necessary governmental or regulatory approvals
7. Property Plans: Maps, drawings, and plans of the property
Authors
Real Estate
Property Development
Construction
Banking & Finance
Agriculture
Commercial Property
Residential Property
Industrial Property
Retail
Hospitality
Legal
Real Estate
Compliance
Property Management
Business Development
Operations
Finance
Risk Management
Corporate Affairs
Documentation
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Real Estate Agent
Property Manager
Contract Administrator
Business Development Manager
Property Valuation Expert
Transaction Manager
Real Estate Investment Manager
Legal Director
Corporate Lawyer
Property Portfolio Manager
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