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Deed Of Agreement For Sale Of Land
"I need a Deed of Agreement for Sale of Land for purchasing a 5-acre commercial plot in Lahore, Pakistan, with payment to be made in three installments between January and June 2025, including specific conditions about obtaining necessary commercial development permits."
1. Parties: Details of the Seller and Purchaser including full legal names, CNICs, addresses and status (individual/company)
2. Background: Context of the sale, brief description of the property, and intention of parties to enter into the sale transaction
3. Definitions: Definitions of key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Sale and Purchase: Core agreement to sell and purchase the property, including the exact description of land being sold
5. Purchase Price: Agreed purchase price, payment terms, installment schedule if applicable, and mode of payment
6. Completion: Details of the completion process, timing, and requirements for transfer of possession
7. Seller's Representations and Warranties: Warranties regarding title, encumbrances, legal compliance, and authority to sell
8. Registration and Transfer: Process for registration of the sale deed and transfer of title in revenue records
9. Costs and Taxes: Allocation of registration fees, stamp duty, taxes, and other transaction costs
10. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction of local courts
1. Due Diligence: Process for title verification and property inspection, used when buyer requires a due diligence period
2. Conditions Precedent: Conditions that must be fulfilled before completion, used when there are specific prerequisites
3. Development Requirements: For undeveloped land where development obligations exist
4. Agricultural Land Provisions: Special provisions required for agricultural land under local laws
5. Power of Attorney: When any party is acting through an attorney
6. Property Possession: Special arrangements for possession if not immediate
7. Third Party Rights: Addressing existing tenants or other rights holders
8. Default and Remedies: Detailed provisions for breach and consequences
1. Property Description Schedule: Detailed description of the property including boundaries, measurements, and Khasra/Khatooni numbers
2. Title Documents Schedule: List of all title documents and chain of ownership papers
3. Payment Schedule: Detailed breakdown of payment installments and dates if not a single payment
4. Encumbrances Schedule: List of any existing encumbrances, easements, or restrictions
5. Land Records: Copies of relevant land revenue records and maps
6. NOCs and Permissions: Copies of necessary No Objection Certificates and regulatory permissions
7. Property Tax Schedule: Details of property tax payments and outstanding dues
Authors
Real Estate
Construction
Agriculture
Industrial Development
Commercial Property
Residential Development
Infrastructure
Hospitality
Retail
Manufacturing
Education
Healthcare
Legal
Real Estate
Compliance
Property Management
Business Development
Facilities Management
Corporate Affairs
Project Development
Land Acquisition
Risk Management
Real Estate Manager
Property Lawyer
Legal Counsel
Land Acquisition Manager
Property Development Manager
Compliance Officer
Real Estate Agent
Property Administrator
Business Development Manager
Facilities Manager
Corporate Lawyer
Project Manager
Chief Legal Officer
Real Estate Director
Land Revenue Officer
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