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Wholesale Real Estate Contract

Wholesale Real Estate Contract Template for Pakistan

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Key Requirements PROMPT example:

Wholesale Real Estate Contract

"I need a Wholesale Real Estate Contract for a commercial property in Lahore, Pakistan, with specific provisions for Islamic financing compliance and a closing date in March 2025."

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Document background
The Wholesale Real Estate Contract serves as a crucial legal instrument in Pakistani real estate transactions where an intermediary (wholesaler) contracts to purchase property with the intention of assigning their purchase rights to an end buyer for a fee. This document is essential when investors seek to facilitate property transactions without taking final ownership, typically used in both residential and commercial real estate deals. The contract must comply with Pakistani legal requirements, including the Contract Act 1872, Transfer of Property Act 1882, and relevant provincial regulations. It includes detailed provisions for the assignment of rights, payment structures, due diligence periods, and closing requirements, while addressing specific considerations such as title verification, property inspection, and regulatory compliance. The document is particularly relevant in markets with active property investment and development activities, where wholesale real estate transactions are used to bridge the gap between property sellers and ultimate buyers.
Suggested Sections

1. Parties: Identifies all parties involved: the original seller, wholesaler (assignor), and end buyer (assignee)

2. Background: Explains the context of the wholesale transaction, including reference to the original purchase agreement and intention to assign

3. Definitions: Defines key terms used throughout the agreement, including Property, Purchase Price, Assignment Fee, Closing Date, etc.

4. Assignment of Rights: Details the transfer of rights from wholesaler to end buyer, including scope of assignment

5. Purchase Price and Payment Terms: Specifies the original purchase price, assignment fee, earnest money requirements, and payment schedule

6. Due Diligence Period: Establishes the timeline and conditions for property inspection, title review, and other investigations

7. Closing and Transfer: Details the closing process, including documentation requirements and transfer procedures

8. Representations and Warranties: States the promises and guarantees made by each party regarding their authority, property condition, and transaction legitimacy

9. Default and Remedies: Outlines what constitutes default and the available remedies for each party

10. Risk and Insurance: Addresses property risk allocation and insurance requirements during the contract period

11. Notices: Specifies how and where formal communications between parties should be delivered

12. Governing Law and Jurisdiction: Confirms Pakistani law governance and specifies jurisdiction for dispute resolution

13. Entire Agreement: States that the contract represents the complete agreement between parties and supersedes prior discussions

Optional Sections

1. Financing Contingency: Optional section for cases where the end buyer requires financing to complete the purchase

2. Property Management: Required if the property needs management between contract signing and closing

3. Assignment Restrictions: Include when there are specific limitations on further assignment of rights

4. Real Estate Agent Provisions: Include when real estate agents are involved in the transaction

5. Environmental Matters: Required for properties with potential environmental concerns or in industrial zones

6. Tenant Provisions: Include when the property is currently tenanted

7. Development Rights: Include when the property has specific development potential or restrictions

8. Islamic Finance Compliance: Required when the transaction needs to comply with Islamic financing principles

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property, including boundaries and registration details

2. Schedule B - Original Purchase Agreement: Copy of the original purchase agreement between seller and wholesaler

3. Schedule C - Title Documents: List of title documents and any encumbrances on the property

4. Schedule D - Payment Schedule: Detailed breakdown of all payments, including assignment fee structure

5. Schedule E - Due Diligence Documents: List of all documents provided for due diligence

6. Appendix 1 - Property Photographs: Recent photographs documenting the current condition of the property

7. Appendix 2 - Property Plans: Architectural plans, site maps, and relevant drawings

8. Appendix 3 - Regulatory Approvals: Copies of relevant permits, approvals, and certificates

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
Relevant legal definitions













































Clauses







































Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Financial Services

Investment Management

Urban Planning

Property Management

Banking

Insurance

Relevant Teams

Legal

Real Estate

Property Management

Investment

Compliance

Finance

Operations

Risk Management

Business Development

Document Control

Relevant Roles

Real Estate Investor

Property Developer

Real Estate Agent

Legal Counsel

Property Manager

Investment Manager

Real Estate Broker

Acquisition Manager

Contract Administrator

Real Estate Analyst

Investment Advisor

Property Surveyor

Compliance Officer

Title Examiner

Real Estate Portfolio Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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