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Apartment Sale Deed

Apartment Sale Deed Template for Pakistan

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Key Requirements PROMPT example:

Apartment Sale Deed

"I need an Apartment Sale Deed for my 3-bedroom apartment in Gulberg, Lahore, with a purchase price of 15 million PKR, to be paid in three installments by March 2025, including all standard warranties and society NOC requirements."

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Document background
An Apartment Sale Deed is a crucial legal instrument used in Pakistan for transferring apartment ownership from one party to another. This document is essential when conducting any apartment sale transaction and must comply with various Pakistani laws, including the Transfer of Property Act 1882 and relevant provincial regulations. The deed contains comprehensive details about the property, parties, consideration, and terms of sale, serving as permanent evidence of the transfer. It requires mandatory registration with local authorities and proper stamp duty payment to be legally enforceable. The document is particularly important in urban areas where apartment ownership is common and must address specific requirements of housing societies and building management systems.
Suggested Sections

1. Parties: Full legal names, CNIC numbers, and addresses of the Seller and Purchaser

2. Background: Brief history of property ownership and context of the sale

3. Definitions: Definitions of key terms used throughout the deed

4. Property Description: Detailed description of the apartment including floor, area, and building details

5. Consideration: Purchase price, payment terms, and payment schedule

6. Possession and Title: Terms of possession transfer and warranties of clear title

7. Seller's Representations and Warranties: Declarations regarding ownership, encumbrances, and legal status of the property

8. Purchaser's Undertakings: Commitments regarding payment and compliance with society rules

9. Registration and Transfer: Process and obligations for deed registration and title transfer

10. Costs and Taxes: Allocation of transfer costs, stamp duty, and other applicable taxes

11. Governing Law and Jurisdiction: Applicable laws and courts having jurisdiction

Optional Sections

1. Mortgage Details: Include when the property has an existing mortgage that needs to be discharged

2. Parking Rights: Include when specific parking spaces are being transferred with the apartment

3. Maintenance Charges: Include when there are specific arrangements for pending or future maintenance charges

4. Power of Attorney: Include when either party is acting through an authorized representative

5. Foreign Exchange Compliance: Include when either party is a foreign national

6. Condition of Property: Include when there are specific agreements about repairs or maintenance before transfer

7. Utility Connections: Include when there are specific arrangements regarding utility transfers or connections

Suggested Schedules

1. Schedule A - Property Details: Comprehensive description of the apartment including exact measurements and boundaries

2. Schedule B - Payment Schedule: Detailed breakdown of payment installments and dates

3. Schedule C - Title Documents: List of all title and ownership documents being transferred

4. Schedule D - Inventory: List of fixtures and fittings included in the sale

5. Schedule E - Society NOC: No Objection Certificate from the housing society or relevant authority

6. Appendix 1 - Property Plans: Architectural plans and layout of the apartment

7. Appendix 2 - Previous Deed: Copy of the previous sale deed or other title documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




























Clauses

























Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Urban Development

Housing Societies

Investment and Asset Management

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Documentation

Finance

Risk Management

Asset Management

Customer Relations

Administrative Services

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Real Estate Developer

Bank Manager

Mortgage Officer

Property Valuer

Compliance Officer

Real Estate Investment Manager

Housing Society Administrator

Title Search Officer

Registration Officer

Property Documentation Specialist

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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