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Real Estate Contract To Sell
"I need a Real Estate Contract to Sell for a commercial warehouse property in Lahore, Pakistan, with completion scheduled for March 2025, including specific provisions for existing tenant arrangements and property inspection requirements."
1. Parties: Identification of seller and purchaser with complete details as required by Pakistani law, including CNIC numbers
2. Background: Context of the sale and brief description of the property
3. Definitions: Key terms used throughout the agreement, including legal and technical terms specific to Pakistani real estate
4. Property Details: Comprehensive legal description of the property as per title documents and revenue records
5. Purchase Price: Total consideration and payment terms, including installment schedule if applicable
6. Payment Method: Specified method of payment, banking details, and requirements for verification
7. Completion Date: Timeline for transaction completion and property possession transfer
8. Seller's Representations and Warranties: Declarations regarding property title, encumbrances, and legal status
9. Purchaser's Representations and Warranties: Confirmations regarding financial capacity and compliance with applicable laws
10. Transfer of Title: Process and obligations for executing and registering transfer deeds
11. Costs and Taxes: Allocation of transaction costs, stamp duty, and registration fees
12. Default and Remedies: Consequences of breach and available legal remedies
13. Governing Law and Jurisdiction: Specification of Pakistani law and relevant court jurisdiction
14. Execution: Signature blocks with witness requirements as per Pakistani law
1. Condition Precedents: Specific conditions that must be met before completion, used when there are pending approvals or clearances
2. Property Inspection: Terms for property inspection and acceptance, used for properties under construction or requiring verification
3. Financing Arrangements: Details of mortgage or financing terms, included when purchase involves bank financing
4. Possession Before Completion: Terms for early possession if applicable, used when possession and completion dates differ
5. Power of Attorney: Authorization details if any party is acting through an attorney, used when direct participation isn't possible
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in longer-term transactions
7. Property Management: Interim management terms, relevant for income-generating properties
8. Dispute Resolution: Alternative dispute resolution mechanisms, used when parties prefer arbitration over court proceedings
1. Property Description Schedule: Detailed technical description of the property including boundaries, measurements, and fixtures
2. Title Documents: List of all title documents and their copies
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Papers: Copies of relevant property documents including tax receipts and utility bills
5. Encumbrance Certificate: Recent certificate showing any registered encumbrances
6. Site Plan: Approved architectural plans and layouts where applicable
7. Completion Requirements Checklist: List of documents and actions required for completion
8. Property Inspection Report: Technical assessment of property condition if applicable
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Urban Planning
Hospitality
Retail
Commercial Property
Residential Property
Agriculture (for agricultural land)
Industrial
Legal
Real Estate
Property Management
Compliance
Business Development
Investment
Operations
Risk Management
Documentation
Client Relations
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Real Estate Developer
Property Valuer
Conveyancing Officer
Real Estate Investment Manager
Property Rights Officer
Compliance Officer
Real Estate Transaction Coordinator
Business Development Manager
Chief Legal Officer
Property Portfolio Manager
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