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Apartment Deed
"I need an Apartment Deed for a newly constructed 3-bedroom apartment in Gulberg, Lahore, being purchased directly from the developer, with possession scheduled for March 2025 and including specific provisions for parking space and maintenance charges."
1. Parties: Details of the transferor (seller) and transferee (buyer), including full legal names, CNICs, addresses, and status
2. Background: Brief history of the property ownership and context of the current transfer
3. Definitions: Definitions of key terms used throughout the deed
4. Property Description: Detailed description of the apartment including exact location, measurements, and boundaries
5. Consideration: Purchase price and payment terms
6. Title and Ownership: Declaration of clear title and right to transfer
7. Possession and Delivery: Terms and timing of property possession handover
8. Representations and Warranties: Seller's warranties regarding property title, encumbrances, and condition
9. Rights and Obligations: Rights and obligations of both parties regarding the property and common areas
10. Registration and Compliance: Requirements for deed registration and compliance with local laws
11. Governing Law: Specification of Pakistani law as governing law
12. Execution: Formal execution clause and signature requirements
1. Mortgage Details: Include when the property has an existing mortgage or new mortgage arrangement
2. Power of Attorney: Include when any party is represented through a power of attorney
3. Special Conditions: Include when there are specific conditions or restrictions on the property
4. Service Charges: Include details of maintenance and service charges if part of a managed complex
5. Parking Rights: Include when specific parking rights are being transferred
6. Third Party Rights: Include when there are existing third-party rights that affect the property
7. Development Rights: Include when there are future development rights or restrictions
1. Schedule A - Property Details: Detailed technical description of the apartment, including floor plan and measurements
2. Schedule B - Title Documents: List of all title documents and previous transfers
3. Schedule C - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Schedule D - Fixtures and Fittings: Inventory of included fixtures, fittings, and appliances
5. Schedule E - Common Areas: Description of common areas and shared facilities
6. Appendix 1 - Property Photos: Recent photographs of the property and common areas
7. Appendix 2 - NOCs: Copies of necessary No Objection Certificates from relevant authorities
8. Appendix 3 - Building Approvals: Copies of building completion and occupancy certificates
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Urban Development
Housing
Investment
Insurance
Legal
Real Estate
Property Management
Compliance
Risk Management
Documentation
Business Development
Asset Management
Operations
Customer Relations
Real Estate Lawyer
Property Manager
Real Estate Agent
Property Developer
Legal Counsel
Compliance Officer
Property Registrar
Title Officer
Real Estate Investment Manager
Building Administrator
Contract Manager
Property Valuation Officer
Real Estate Transaction Coordinator
Housing Society Manager
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