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Contract To Sell Home Template for Pakistan

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Key Requirements PROMPT example:

Contract To Sell Home

"I need a Contract To Sell Home for a newly constructed 3-bedroom house in Lahore, Pakistan, with a planned completion and handover date of March 15, 2025, where the buyer will pay in three installments and the property is currently under construction."

Document background
The Contract To Sell Home is a fundamental legal document used in Pakistani real estate transactions to formalize the sale of residential property. This document is essential when transferring home ownership from one party to another, whether in completed properties or under-construction projects. It must comply with multiple Pakistani legislations, including the Transfer of Property Act 1882, Registration Act 1908, and Stamp Act 1899, while also considering Islamic law principles where applicable. The contract includes detailed property descriptions, financial terms, transfer conditions, and specific clauses required by local development authorities. It's particularly important in Pakistan's property market where formal documentation is crucial for legal protection and proper title transfer. The document serves as both a binding agreement and a necessary component for property registration with relevant authorities.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete legal names, CNICs, and addresses

2. Background: Brief context about the property sale and the parties' intention to enter into this agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, dimensions, boundaries, and registration details

5. Purchase Price: Agreed purchase price and payment terms including installment schedule if applicable

6. Payment Method: Specified method of payment and banking details

7. Title and Ownership: Seller's declarations regarding clear title and ownership rights

8. Possession: Terms and timing of property possession transfer

9. Registration and Transfer: Process and responsibilities for property registration and transfer

10. Representations and Warranties: Seller's warranties regarding property condition, encumbrances, and legal status

11. Costs and Taxes: Allocation of transfer costs, taxes, and stamp duties

12. Default and Remedies: Consequences of default and available remedies

13. Governing Law: Specification of Pakistani law as governing law and jurisdiction

14. Signatures: Execution blocks for parties and witnesses as required by Pakistani law

Optional Sections

1. Condition Precedents: Specific conditions that must be met before the sale can proceed, used when there are pending approvals or clearances

2. Property Inspection: Terms for property inspection and acceptance, used when buyer hasn't fully inspected the property

3. Existing Tenancy: Details about current tenants and handling of tenancy, included if property is currently rented

4. Mortgage Details: Information about existing mortgages and their settlement, included if property has existing loans

5. Fixtures and Fittings: List of items included/excluded in sale, used when specific items need clarification

6. Construction Completion: Terms for completion of ongoing construction, used for under-construction properties

7. Power of Attorney: Authorization details if any party is acting through an agent

8. Force Majeure: Provisions for unforeseen circumstances, included in areas prone to natural disasters or political instability

Suggested Schedules

1. Property Documents: List of all property papers, title documents, and previous sale deeds

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Property Plan: Architectural plans, site maps, and property measurements

4. Inventory List: Detailed list of fixtures, fittings, and other items included in the sale

5. Outstanding Dues: List of pending utility bills, taxes, or other charges

6. Completion Requirements: Checklist of documents required for completion of sale

7. No-Objection Certificates: Copies of necessary NOCs from relevant authorities

8. Chain of Title: Historical ownership record of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Construction

Legal Services

Banking & Finance

Property Development

Insurance

Property Management

Urban Development

Housing Finance

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Risk Management

Documentation

Housing Development

Conveyancing

Customer Relations

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Housing Finance Manager

Mortgage Officer

Property Valuator

Real Estate Developer

Conveyancing Lawyer

Title Officer

Compliance Officer

Property Registration Officer

Real Estate Transaction Manager

Housing Development Executive

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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