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Real Property Contract Template for Pakistan

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Key Requirements PROMPT example:

Real Property Contract

"I need a Real Property Contract for the purchase of a 500 square yard commercial plot in Lahore's Defense Housing Authority, with a completion date of March 15, 2025, including specific provisions for development rights and phased payments."

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Document background
The Real Property Contract is a fundamental legal instrument used in Pakistan for documenting and executing property transfers between parties. It is essential for any transaction involving the sale and purchase of immovable property, whether residential, commercial, or industrial. The document must comply with multiple Pakistani legal frameworks, including the Transfer of Property Act 1882, Registration Act 1908, and relevant provincial laws. This contract type is crucial as it not only evidences the transaction but also ensures legal protection for all parties involved, facilitates proper registration, and helps prevent future disputes. It includes detailed property descriptions, payment terms, warranties, and completion requirements, making it suitable for both simple and complex property transactions in Pakistan.
Suggested Sections

1. Parties: Identification and details of the seller and purchaser, including complete legal names, CNICs, and addresses

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

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

4. Property Description: Detailed legal description of the property including location, boundaries, and size

5. Sale and Purchase Agreement: Core agreement terms regarding the sale and purchase of the property

6. Purchase Price: Details of the consideration, payment schedule, and payment methods

7. Completion: Timing and procedures for completing the transaction

8. Seller's Warranties: Warranties regarding property title, encumbrances, and condition

9. Purchaser's Warranties: Warranties regarding capacity to purchase and source of funds

10. Title and Registration: Provisions regarding transfer of title and registration requirements

11. Possession: Terms for delivering possession of the property

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

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

14. Governing Law: Specification of Pakistani law as governing law

15. Dispute Resolution: Mechanisms for resolving disputes

16. Notices: Process for serving notices between parties

17. Execution: Signature blocks and execution formalities

Optional Sections

1. Mortgage Arrangements: Required when the purchase involves mortgage financing

2. Property Inspection: Detailed when specific inspection conditions are agreed

3. Existing Tenancies: Needed when property is subject to ongoing tenancies

4. Development Rights: Important for properties with development potential

5. Agricultural Land Provisions: Required for agricultural property transactions

6. Foreign Ownership Compliance: Necessary when purchaser is a foreign national

7. Power of Attorney: Required when any party acts through an attorney

8. Property Management: Needed for transition period management arrangements

9. Utilities and Services: Required when specific arrangements for utilities transfer are needed

Suggested Schedules

1. Property Details: Detailed technical description, measurements, and plans of the property

2. Title Documents: List of title documents and ownership history

3. Payment Schedule: Detailed breakdown of payment installments and dates

4. Property Inventory: List of fixtures, fittings, and contents included in sale

5. Encumbrances: Details of any existing mortgages, charges, or liens

6. Land Revenue Records: Copies of relevant revenue records and certificates

7. Property Tax Records: History of property tax payments and outstanding dues

8. Completion Requirements: Checklist of documents required for completion

9. Required Consents: List of necessary regulatory or third-party consents

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































Clauses







































Relevant Industries

Real Estate

Construction

Banking and Finance

Legal Services

Property Development

Agriculture (for agricultural land)

Commercial Property

Residential Property

Industrial Property

Hospitality

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Finance

Risk Management

Operations

Documentation

Business Development

Asset Management

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Property Developer

Real Estate Agent

Compliance Officer

Land Registration Officer

Property Valuation Expert

Real Estate Investment Manager

Contract Administrator

Property Tax Consultant

Real Estate Portfolio Manager

Property Documentation Specialist

Land Revenue Officer

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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