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The Property Buying Agreement is a crucial legal instrument used in Pakistani real estate transactions to formalize and document the transfer of property ownership. This document is essential when any individual or entity wishes to purchase real estate in Pakistan, whether for residential, commercial, or investment purposes. The agreement must comply with various Pakistani laws, including the Transfer of Property Act 1882, Registration Act 1908, and relevant provincial regulations. It typically includes comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and completion requirements. The document should be drafted with careful consideration of local property laws, registration requirements, and Islamic law principles where applicable. It serves as the primary evidence of the transaction and protects both parties' interests by clearly stating their rights and obligations.

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

2. Background: Context of the transaction, including brief history of the property ownership

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

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

5. Purchase Price: The agreed purchase price and payment structure, including any earnest money deposit

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

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

8. Due Diligence: Buyer's right to investigate property title, encumbrances, and physical condition

9. Completion: Process and requirements for completing the sale, including documentation and registration

10. Possession: Terms and timing of property possession transfer

11. Representations and Warranties: Standard warranties from both parties regarding authority, title, and property condition

12. Costs and Taxes: Allocation of transaction costs, stamp duty, and other taxes

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

14. Dispute Resolution: Process for resolving disputes between parties