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Deed Of Sale Of Property
"I need a Deed of Sale of Property for transferring ownership of my residential house in Lahore to a private buyer, with completion planned for March 2025 and including provisions for existing tenant notice period."
1. Parties: Identification of the Seller and Purchaser with complete details including name, parentage, CNIC, address and status
2. Background: Brief history of the property ownership, context of the sale, and any relevant prior agreements
3. Definitions: Definitions of key terms used throughout the deed including 'Property', 'Completion Date', 'Purchase Price', etc.
4. Property Details: Comprehensive description of the property including exact location, boundaries, measurements, and registration details
5. Consideration: Details of the purchase price, payment terms, and payment schedule
6. Seller's Representations and Warranties: Declarations by the seller regarding ownership, title clarity, absence of encumbrances, and legal authority to sell
7. Transfer of Title: Express provisions for transferring legal and beneficial ownership from seller to purchaser
8. Possession: Terms and conditions for handing over physical possession of the property
9. Registration and Expenses: Provisions regarding deed registration, stamp duty, and allocation of associated costs
10. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and relevant court jurisdiction
11. Execution: Formal execution clause with space for signatures, witnesses, and attestation
1. Power of Attorney: Required when either party is acting through an authorized representative
2. Condition of Property: Detailed when there are specific agreements about the property's physical condition or pending repairs
3. Existing Tenancies: Needed when the property has current tenants and arrangements for their continued occupancy or vacation
4. Outstanding Charges: Required when dealing with pending utility bills, taxes, or other charges
5. Development Status: Necessary for properties under construction or pending development approvals
6. Joint Ownership Provisions: Required when the property is being transferred to multiple purchasers
7. Mortgage Details: Needed when the property has existing mortgages or when purchase is being financed through a new mortgage
1. Property Schedule: Detailed technical description of the property including plot number, khata number, khasra number, and exact measurements
2. Title Documents: List of all title documents being handed over with the property
3. Payment Schedule: Detailed breakdown of payment installments and dates if payment is not made in full
4. Encumbrances Schedule: List of any existing charges, liens, or encumbrances affecting the property
5. Inventory: List of fixtures and fittings included in the sale, if applicable
6. Land Registry Documents: Copies of relevant land registry documentation and certificates
Authors
Real Estate
Banking & Finance
Construction
Agriculture
Industrial
Commercial Property
Residential Property
Hospitality
Retail
Infrastructure
Education
Healthcare
Legal
Real Estate
Compliance
Property Management
Finance
Corporate Secretarial
Risk Management
Investment
Operations
Documentation
Legal Counsel
Property Manager
Real Estate Manager
Compliance Officer
Contract Administrator
Real Estate Developer
Property Lawyer
Land Acquisition Manager
Asset Manager
Finance Manager
Company Secretary
Chief Legal Officer
Real Estate Investment Manager
Property Valuation Expert
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