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Commercial Real Estate Sales Agreement Template for Pakistan

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Key Requirements PROMPT example:

Commercial Real Estate Sales Agreement

"I need a Commercial Real Estate Sales Agreement for the purchase of a multi-tenant office building in Lahore, Pakistan, with completion scheduled for March 2025, that includes specific provisions for existing tenants and service contracts."

Document background
The Commercial Real Estate Sales Agreement is a crucial document used in Pakistan for facilitating the transfer of commercial property ownership between parties. This agreement is essential when selling or purchasing any type of commercial real estate, including office buildings, retail spaces, industrial facilities, or mixed-use developments. It must comply with Pakistani property laws and regulations, including the Transfer of Property Act 1882, Registration Act 1908, and relevant provincial legislation. The document covers all critical aspects of the transaction, from property description and purchase price to warranties and completion requirements, while addressing specific commercial considerations such as existing tenancies, service contracts, and zoning requirements. It serves as both a legally binding contract and a comprehensive record of the transaction terms.
Suggested Sections

1. Parties: Identification and details of the seller and purchaser, including registration numbers for companies

2. Background: Context of the transaction and brief property overview

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

4. Property Description: Detailed description of the property including exact measurements, boundaries, and registered title details

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

6. Completion: Timeline and requirements for completion of the sale

7. Seller's Representations and Warranties: Seller's declarations regarding property title, encumbrances, and condition

8. Buyer's Representations and Warranties: Buyer's declarations regarding capacity to purchase and funding

9. Title and Transfer: Provisions regarding clean title transfer and registration requirements

10. Condition of Property: State of the property at transfer and any agreed repairs or modifications

11. Taxes and Expenses: Allocation of tax liabilities and transaction costs

12. Default and Remedies: Consequences of default by either party and available remedies

13. Notices: Process for formal communications between parties

14. Governing Law: Confirmation of Pakistani law governance and jurisdiction

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Due Diligence: Detailed provisions for buyer's investigation period, used when the buyer requires time to conduct investigations

2. Existing Tenancies: Details of current tenants and lease arrangements, included when property is sold with sitting tenants

3. Environmental Matters: Environmental compliance and liabilities, important for industrial or potentially contaminated properties

4. Planning and Zoning: Special provisions regarding zoning requirements or development potential, used when relevant to the transaction

5. Foreign Investment Provisions: Additional requirements if buyer is a foreign entity, needed for international transactions

6. Property Management: Interim management arrangements between contract and completion, used for complex commercial properties

7. Service Contracts: Treatment of existing service contracts, relevant for properties with ongoing service arrangements

8. Insurance: Special insurance requirements, important for high-value or unique properties

9. Post-Completion Obligations: Any continuing obligations after completion, used when relevant

Suggested Schedules

1. Property Schedule: Detailed property specifications, including floor plans and boundary maps

2. Title Documents: List of all title documents and certified copies

3. Fixtures and Fittings: Inventory of included and excluded items

4. Existing Tenancies Schedule: Details of all current leases and tenancy agreements

5. Service Contracts Schedule: List of transferring service contracts and maintenance agreements

6. Property Certificates: Copies of relevant certificates including building approval and completion certificates

7. Payment Schedule: Detailed breakdown of payment structure and timelines

8. Due Diligence Documents: List of documents provided for buyer's due diligence

9. Environmental Reports: Copies of environmental assessments and certificates where relevant

Authors

Alex Denne

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

Relevant legal definitions









































Clauses





































Relevant Industries

Real Estate

Banking & Finance

Retail

Manufacturing

Hospitality

Healthcare

Technology

Education

Logistics & Warehousing

Professional Services

Construction & Development

Relevant Teams

Legal

Real Estate

Finance

Compliance

Risk Management

Business Development

Operations

Property Management

Corporate Affairs

Investment

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Manager

Legal Counsel

Corporate Lawyer

Real Estate Agent

Business Development Manager

Facilities Manager

Investment Manager

Asset Manager

Property Developer

Acquisition Manager

Risk Manager

Compliance Officer

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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