Document background
The Agreement to Sell (Real Estate) is a fundamental document in Pakistani property transactions, serving as a crucial intermediate step between initial property negotiations and the final sale deed. This document is typically used when parties have agreed to the sale of real property but need time to complete various prerequisites, such as payment arrangements, due diligence, or regulatory approvals. It outlines the complete terms of the intended sale, including property details, consideration, payment schedule, and completion timeline, while ensuring compliance with Pakistani property laws including the Transfer of Property Act 1882, Registration Act 1908, and relevant stamp duty requirements. The agreement creates legally binding obligations on both parties to proceed with the sale, subject to specified conditions, and provides remedies in case of default.
