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The Buying A House On Contract Form is a crucial legal document used in Pakistani property transactions to formalize the purchase and sale of residential property. This document is essential when parties wish to enter into a legally binding agreement for property transfer, whether through immediate full payment or installment-based purchasing. It is designed to comply with Pakistani property law, including the Transfer of Property Act 1882, Registration Act 1908, and relevant Islamic financing principles where applicable. The contract form includes comprehensive details about the property, payment terms, warranties, and transfer conditions, making it suitable for both straightforward purchases and more complex transactions involving mortgages or Islamic financing. It serves as the primary legal instrument for documenting the agreement between parties and protecting their respective rights and obligations throughout the property transfer process.

1. Parties: Identification and details of the seller and buyer, including full legal names, CNICs, and addresses

2. Background: Context of the sale, including brief property history and purpose of the agreement

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

4. Property Details: Comprehensive description of the property including address, dimensions, and registration details

5. Purchase Price: Agreed purchase price and payment structure, including deposit and installment details

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

7. Title and Transfer: Confirmation of seller's title and process for legal transfer of property

8. Seller's Warranties: Warranties regarding property ownership, encumbrances, and condition

9. Completion: Process and requirements for completing the sale, including documentation and registration

10. Possession: Terms and timing of property possession transfer

11. Costs and Taxes: Allocation of transaction costs, stamp duty, and other applicable taxes

12. Default and Remedies: Consequences of breach and available remedies

13. Governing Law: Confirmation of Pakistani law application and jurisdiction

14. Execution: Signature blocks and witness requirements