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Conveyance Deed And Sale Deed

Conveyance Deed And Sale Deed Template for Pakistan

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Conveyance Deed And Sale Deed

"I need a Conveyance Deed and Sale Deed for transferring my residential property in Lahore, Pakistan to a private buyer, with completion planned for March 2025, including provisions for a three-month rent-back period after the sale."

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Document background
The Conveyance Deed and Sale Deed is a fundamental legal instrument in Pakistani property law, essential for documenting and effectuating the transfer of immovable property ownership. This document is required whenever there is a sale of immovable property, whether land, buildings, or both. It must comply with the Transfer of Property Act 1882, Registration Act 1908, and relevant provincial laws in Pakistan. The document serves multiple purposes: it evidences the transfer of ownership, details the property specifications, records the consideration paid, and includes various warranties and representations by the seller. It must be properly stamped according to applicable stamp duty rates and registered with the Sub-Registrar's office to be legally enforceable. The document is crucial for maintaining clear property title records and preventing future disputes regarding ownership.
Suggested Sections

1. Parties: Full legal names, addresses, and details of the seller (transferor) and buyer (transferee), including their legal capacity to enter into the agreement

2. Background: Brief history of property ownership, context of the sale, and any relevant preliminary agreements

3. Definitions: Definitions of key terms used in the deed including 'Property', 'Consideration', 'Encumbrances', etc.

4. Property Description: Detailed description of the property being conveyed, including exact measurements, boundaries, and unique identifiers

5. Consideration: The sale price, payment terms, and acknowledgment of receipt

6. Declaration of Transfer: Clear statement transferring all rights, title, and interest in the property from seller to buyer

7. Seller's Representations and Warranties: Declarations regarding title, encumbrances, legal compliance, and property condition

8. Possession: Details about the transfer of physical possession and associated terms

9. Registration and Expenses: Responsibilities for registration costs, stamp duty, and other transfer expenses

10. Execution: Formal execution clause with date and signature requirements

Optional Sections

1. Third Party Rights: Details of any existing tenancies, easements, or other third-party rights that will continue after transfer

2. Conditional Terms: Any conditions that must be fulfilled before the transfer becomes effective

3. Power of Attorney: Required when any party is acting through an authorized representative

4. Property Tax Provisions: Specific arrangements regarding pending or future property tax obligations

5. Mutation Clause: Specific provisions regarding the responsibility for mutation of property records

6. Indemnification: Additional protection clauses for specific identified risks

7. Dispute Resolution: Specific mechanisms for resolving disputes if required by parties

Suggested Schedules

1. Schedule A - Property Details: Comprehensive property description including exact measurements, boundaries, and construction details

2. Schedule B - Title Documents: List of all title documents evidencing the chain of ownership

3. Schedule C - Encumbrances: Details of any existing mortgages, charges, or liens on the property

4. Schedule D - Payment Schedule: If payment is in installments, detailed payment timeline and terms

5. Schedule E - Property Tax Records: Current property tax assessment and payment status

6. Appendix 1 - Property Maps and Plans: Certified copies of property maps, layout plans, and approved drawings

7. Appendix 2 - Permissions and NOCs: Copies of relevant permissions, NOCs from authorities or society

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
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