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The Purchase And Sale Agreement For House is a crucial legal instrument used in Pakistani property transactions to formalize the transfer of residential property ownership. It serves as the primary contract between sellers and buyers, incorporating essential elements required by Pakistani property law, including the Transfer of Property Act 1882, Registration Act 1908, and relevant stamp duty regulations. This document is necessary whenever a residential property transaction occurs in Pakistan, providing comprehensive coverage of sale terms, property details, payment arrangements, and legal obligations. It includes specific provisions for property description, warranties, title transfer procedures, and completion requirements, while also addressing local legal and regulatory compliance. The agreement protects both parties' interests by clearly defining their rights and responsibilities throughout the transaction process.

1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and national ID numbers

2. Background: Brief context of the transaction, including the seller's ownership status and intention to sell

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: The agreed purchase price and payment terms, including deposit requirements and payment schedule

6. Completion: Details of the completion process, timing, and requirements for transfer of ownership

7. Seller's Representations and Warranties: Seller's declarations regarding property ownership, encumbrances, and condition

8. Purchaser's Representations and Warranties: Purchaser's declarations regarding capacity to purchase and source of funds

9. Property Condition: Current condition of the property and any agreed repairs or modifications

10. Title and Registration: Requirements for transfer of title and registration of the property

11. Taxes and Expenses: Allocation of responsibility for various taxes, duties, and transaction costs

12. Default and Remedies: Consequences of default by either party and available remedies

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

14. Notices: Process for serving notices between parties

15. Execution: Signature blocks and witnessing requirements