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The Letter Of Intent To Purchase (Real Estate) is a crucial preliminary document in Pakistani real estate transactions, typically used when a prospective buyer wishes to formally express their serious interest in purchasing a property while maintaining flexibility for negotiation. This document is particularly important in the Pakistani real estate market where property transactions often involve complex legal requirements and multiple stakeholders. While not legally binding in its entirety, it serves as a framework for the eventual purchase agreement and may contain certain binding provisions such as confidentiality or exclusivity clauses. The letter typically includes key transaction elements such as property details, proposed purchase price, earnest money arrangements, due diligence period, and closing timeline. It must be drafted in accordance with Pakistani property laws, including federal statutes like the Transfer of Property Act, 1882, and relevant provincial regulations.

1. Sender and Recipient Details: Complete names, addresses, and contact information of both the potential buyer and the property owner

2. Property Description: Detailed description of the property including address, land area, built-up area, and any unique identifiers from property records

3. Purchase Price: Proposed purchase price and any specific payment terms or conditions

4. Earnest Money: Amount of earnest money to be deposited and terms of its payment

5. Due Diligence Period: Timeframe for conducting property investigation, title search, and other necessary checks

6. Closing Timeline: Proposed timeline for completing the transaction

7. Expiration of LOI: Clear statement of when the Letter of Intent expires if not accepted

8. Non-Binding Statement: Clear statement that this is a non-binding letter of intent except for specific terms (such as confidentiality)