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Contract To Buy And Sell (Real Estate)
"I need a Contract to Buy and Sell (Real Estate) for a residential property purchase in Lahore, Pakistan, with a three-part payment structure where 30% is paid upfront, 40% on March 15, 2025, and the remaining 30% at possession."
1. Parties: Identification of the seller and buyer with complete details including CNIC numbers, addresses, and contact information
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including exact location, dimensions, boundaries, and registration details
5. Purchase Price: Agreed purchase price and payment terms including installment schedule if applicable
6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and consequences of default
7. Title and Ownership: Seller's warranties regarding clear title and ownership rights
8. Due Diligence: Buyer's right to investigate title, property condition, and other relevant matters
9. Conditions Precedent: Conditions that must be satisfied before the sale can proceed
10. Closing Requirements: Documents to be delivered, actions to be taken, and procedures for closing
11. Transfer of Possession: Terms and timing of property possession transfer
12. Representations and Warranties: Statements of fact and promises by both parties regarding the property and transaction
13. Costs and Taxes: Allocation of transaction costs, taxes, and duties between parties
14. Default and Remedies: Consequences of breach and available remedies
15. Governing Law: Specification of Pakistani law as governing law and jurisdiction
16. Notices: Method and addresses for official communications between parties
17. Execution: Signature blocks and attestation requirements
1. Mortgage Contingency: Include when buyer's purchase is contingent on obtaining financing
2. Property Inspection: Include when buyer requires specific inspection rights beyond standard due diligence
3. Tenant Rights: Include when property is currently tenanted or has existing lease agreements
4. Construction/Renovation: Include when property is under construction or requires specific renovations before closing
5. Power of Attorney: Include when either party is acting through an authorized representative
6. Foreign Investment: Include when buyer is a foreign national, addressing specific requirements and approvals
7. Agricultural Land: Include when property is agricultural land subject to special regulations
8. Joint Ownership: Include when multiple buyers are purchasing with specific sharing arrangements
9. Seller Financing: Include when seller is providing financing for part of the purchase price
1. Schedule A - Property Details: Detailed property specifications, including floor plans, boundaries, and fixtures
2. Schedule B - Payment Schedule: Detailed breakdown of payment installments and due dates
3. Schedule C - Title Documents: List of title documents and ownership chain
4. Schedule D - Encumbrances: List of existing mortgages, liens, or other encumbrances
5. Schedule E - Property Condition: Current condition report and list of known defects
6. Appendix 1 - Property Photos: Recent photographs of the property
7. Appendix 2 - Location Map: Maps showing property location and access
8. Appendix 3 - NOCs: Copies of necessary No Objection Certificates
9. Appendix 4 - Tax Receipts: Copies of paid property tax receipts and utility bills
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Urban Planning
Housing
Commercial Property
Residential Property
Agriculture (for agricultural land)
Industrial Property
Retail Property
Legal
Real Estate
Compliance
Property Management
Acquisitions
Finance
Risk Management
Operations
Documentation
Due Diligence
Real Estate Agent
Property Lawyer
Legal Counsel
Property Developer
Real Estate Manager
Mortgage Officer
Property Valuation Expert
Compliance Officer
Real Estate Investment Manager
Property Acquisition Manager
Legal Document Specialist
Title Examiner
Real Estate Broker
Property Portfolio Manager
Land Revenue Officer
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