The Agreement For Sale Of Mortgaged Property is a crucial document used in Pakistani real estate transactions where a mortgaged property is being sold to a new owner. This agreement is essential when the seller wishes to transfer ownership of a property that is currently under mortgage with a financial institution. The document is structured to comply with Pakistani property law, particularly the Transfer of Property Act 1882 and related legislation, ensuring that the sale process adequately addresses the rights and obligations of all parties involved. It includes detailed provisions for the settlement of the existing mortgage, protection of the buyer's interests, and the orderly transfer of property ownership. The agreement is particularly important in urban areas where mortgaged property transactions are common and requires careful consideration of both property transfer and banking regulations.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties including seller, buyer, and the mortgagee (usually a bank or financial institution)
2. Background: Context of the transaction, including details of existing mortgage and reason for sale
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the mortgaged property being sold
5. Purchase Price: Details of the total purchase price and how it will be allocated between mortgage settlement and seller
6. Payment Terms: Structure and timing of payments, including mortgage settlement arrangements
7. Mortgage Settlement: Specific provisions for settling the existing mortgage, including procedure and timing
8. Representations and Warranties: Warranties from seller regarding property title, mortgage status, and other material facts
9. Completion Requirements: Conditions precedent and completion obligations of all parties
10. Transfer Process: Procedure for transferring property ownership and mortgage settlement
11. Default and Remedies: Consequences of default by any party and available remedies
12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction details
13. Notices: Process and requirements for formal communications between parties
14. General Provisions: Standard boilerplate clauses including amendments, entire agreement, etc.
1. Third Party Consents: Required when additional third-party approvals are needed beyond the primary parties
2. Tax Provisions: Detailed tax arrangements when complex tax implications exist
3. Property Management: Interim arrangements for property management between agreement and completion
4. Broker Provisions: Include when real estate brokers or agents are involved in the transaction
5. Insurance Requirements: Specific insurance provisions if required by mortgagee or circumstances
6. Environmental Matters: Required for properties with potential environmental concerns or compliance requirements
1. Property Description Schedule: Detailed legal and physical description of the property including boundaries and fixtures
2. Mortgage Details Schedule: Complete details of existing mortgage including principal amount, interest, terms
3. Payment Schedule: Detailed breakdown of payment structure and timing
4. Title Documents: List of all title documents and their current status
5. Outstanding Liabilities: List of any outstanding liabilities, charges, or encumbrances on the property
6. Required Approvals: List of all necessary regulatory and third-party approvals
7. Property Inspection Report: Current condition report and any identified issues
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking
Financial Services
Legal Services
Property Development
Construction
Mortgage Lending
Property Investment
Housing Finance
Relevant Teams
Legal
Real Estate
Property Management
Finance
Compliance
Risk Management
Credit Administration
Banking Operations
Property Development
Contract Administration
Relevant Roles
Real Estate Lawyer
Property Manager
Bank Manager
Mortgage Officer
Real Estate Agent
Legal Counsel
Property Developer
Finance Manager
Compliance Officer
Risk Manager
Property Valuation Expert
Title Officer
Contract Administrator
Real Estate Investment Manager
Find the exact document you need
Car Sale Deed Agreement
A legally binding agreement under Pakistani law that documents the sale and transfer of ownership of a motor vehicle between parties.
find out more
Horse Purchase Contract
A legally binding agreement for horse sale and purchase in Pakistan, compliant with local contract and animal welfare laws.
find out more
Contract For The Sale And Purchase Of (Real Estate)
A Pakistani law-governed agreement for the sale and purchase of real estate, detailing property transfer terms and ensuring legal compliance.
find out more
Agreement For Sale Of Flat In Co Operative Housing Society
A Pakistani law-governed agreement for the sale and transfer of a flat in a cooperative housing society, incorporating society-specific requirements and transfer procedures.
find out more
Sell Agreement Of Land
A Pakistani law-governed agreement for the legal transfer of land ownership between parties, outlining all essential terms and conditions of the sale transaction.
find out more
Agreement To Sell And Sale Deed
A Pakistani legal document combining a property sale agreement and final deed transfer, governed by Pakistani property law and registration requirements.
find out more
Agreement To Sell With Possession
A Pakistani law-governed agreement combining property sale commitment with immediate possession transfer, setting out terms for interim possession and eventual ownership transfer.
find out more
Property Purchase Agreement Form
A standardized agreement under Pakistani law for the legal transfer of property ownership between seller and buyer, detailing sale terms and conditions.
find out more
Agreement Of Sale Of Immovable Property
A legally binding agreement for the sale and purchase of immovable property under Pakistani law, outlining terms, conditions, and obligations of the transaction.
find out more
Contingency Sales Agreement
A Pakistani law-governed agreement for sales transactions dependent on specific conditions being met, outlining contingencies, obligations, and consequences.
find out more
Purchase And Sale Agreement Contract
A legally binding agreement under Pakistani law governing the sale and purchase of goods or property between parties, structured according to Pakistani Contract Act and Sale of Goods Act requirements.
find out more
Sale Deed Agreement
A legally binding document under Pakistani law that transfers property ownership from seller to buyer, requiring official registration and stamp duty payment.
find out more
Sale Agreement Without Possession
A Pakistani law-compliant agreement for property sale where possession transfer is delayed, establishing terms for ownership transfer and future possession.
find out more
Sale Agreement For Resale Flat
A legally binding agreement under Pakistani law for the sale and purchase of a previously owned flat, detailing property transfer terms and conditions.
find out more
Land Sale Deed
A legal document for transferring land ownership between parties in Pakistan, compliant with national property laws and provincial regulations.
find out more
Commercial Real Estate Sales Agreement
A legally binding agreement under Pakistani law for the sale and purchase of commercial real estate, detailing property transfer terms and conditions.
find out more
Agreement For Sale Of Flat
A legally binding agreement for flat sale/purchase in Pakistan, compliant with local property laws and transfer requirements.
find out more
For Sale As Is Contract
A Pakistani law-compliant "As Is" sale contract template for transferring goods or property in their current condition, with appropriate warranties disclaimers and buyer acknowledgments.
find out more
Flat Buying Agreement
A legally binding agreement under Pakistani law for the purchase and sale of residential flats, detailing terms, conditions, and obligations of all parties involved.
find out more
Contract To Sell House By Owner
A legal agreement under Pakistani law for direct property sale between owner and buyer, ensuring compliant transfer of residential property.
find out more
Commission Agent Agreement
A Pakistani law-governed agreement establishing a commission-based sales agency relationship between a principal and agent, defining terms of representation and compensation.
find out more
Assignment Of Contract Of Purchase And Sale
A legal document under Pakistani law that transfers rights and obligations of a Purchase and Sale Agreement from the original purchaser to a new party.
find out more
Buy Sell Agreement Corporation
A Pakistani law-governed agreement establishing terms for corporate share transfers upon specified trigger events, ensuring structured ownership transition.
find out more
Scrap Sale Agreement
A Pakistani law-governed agreement for the sale and purchase of scrap materials, establishing terms, conditions, and compliance requirements.
find out more
House Sale Contract Form
A legally binding property sale agreement under Pakistani law that documents the transfer of residential property ownership between parties.
find out more
Sale Agreement For Bike
A Pakistani law-governed agreement documenting the sale and purchase of a motorcycle, including terms of sale, ownership transfer, and party obligations.
find out more
Debt Sale Agreement
A Pakistani law-governed agreement for the sale and transfer of debt obligations from a seller to a buyer, including associated rights and regulatory compliance requirements.
find out more
Residential Sales Agreement
A legally binding agreement under Pakistani law for the sale and purchase of residential property, detailing terms, conditions, and obligations of all parties involved.
find out more
Multi Family Purchase And Sale Agreement
A Pakistani law-governed agreement for the purchase and sale of multi-family residential properties, ensuring compliance with local property regulations and Islamic law principles.
find out more
International Contract Of Sale
A Pakistani law-governed agreement for international sale transactions, incorporating local legal requirements and international trade practices.
find out more
For Sale Contract
A legally binding agreement under Pakistani law documenting the sale and transfer of goods or property between parties, governed by the Contract Act 1872 and Sale of Goods Act 1930.
find out more
Agreement For Sale Of Mortgaged Property
A Pakistani law-governed agreement facilitating the sale of mortgaged property while ensuring proper settlement of the existing mortgage and protecting all parties' interests.
find out more
Sale Of Goodwill Contract
A Pakistani law-governed agreement for the transfer of business goodwill between parties, including valuation, payment terms, and post-sale obligations.
find out more
Sale Agreement With Possession
A Pakistani law-governed agreement for property sale and transfer of possession, compliant with local property and contract laws.
find out more
Short Land Purchase Agreement
A streamlined agreement for land purchase transactions in Pakistan, compliant with local property laws and registration requirements.
find out more
Private Property Sale Agreement
A legally binding agreement under Pakistani law for the sale and purchase of private property, detailing terms, conditions, and obligations of the transaction.
find out more
New Car Purchase Agreement
A legally binding agreement under Pakistani law for the purchase of a new vehicle, detailing terms of sale, specifications, and obligations of both seller and buyer.
find out more
Entity Buy Sell Agreement
A Pakistani law-governed agreement for the sale and purchase of a business entity, outlining transaction terms and regulatory compliance requirements.
find out more
Agreement For Purchase Of Flat With Builder
A Pakistani law-governed agreement between builder and purchaser for the sale and purchase of a residential flat, detailing property specifications, payment terms, and construction obligations.
find out more
Residential Purchase Contract
A standardized contract under Pakistani law for the sale and purchase of residential property, detailing terms, conditions, and obligations of all parties involved.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)