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The Agreement To Buy And Sell (Real Estate) is a fundamental legal document used in Pakistani property transactions to formalize the transfer of real estate between parties. This document is essential when any type of real estate property is being sold, whether residential, commercial, or agricultural. It must comply with multiple Pakistani legal frameworks, including the Transfer of Property Act 1882, Registration Act 1908, and provincial property laws. The agreement typically includes comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and conditions for completion. It's designed to protect both buyer and seller interests while ensuring the transaction meets all local regulatory requirements, including those of relevant development authorities and property registration offices. The document becomes particularly important in Pakistan's context where property disputes are common, serving as a crucial piece of evidence in case of future litigation.

1. Parties: Identifies and provides full details of the Seller and Buyer, including their legal names, addresses, and National Identity Card numbers

2. Background: Explains the context of the agreement, including the Seller's ownership of the property and both parties' intention to enter into the transaction

3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation

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

5. Purchase Price: States the agreed purchase price and payment structure, including deposit and installment details

6. Payment Terms: Specifies the method, timing, and conditions of payment

7. Due Diligence: Outlines the buyer's right to inspect the property and verify relevant documentation

8. Seller's Representations and Warranties: Lists the Seller's assertions about the property's condition, title, and encumbrances

9. Buyer's Representations and Warranties: Contains the Buyer's assertions regarding their capacity and ability to complete the purchase

10. Conditions Precedent: Lists conditions that must be satisfied before the sale can proceed

11. Completion: Details the process and requirements for closing the transaction

12. Title Transfer: Specifies the process and requirements for transferring the property title

13. Possession: States when and how possession will be transferred to the Buyer

14. Default and Remedies: Describes what constitutes default and the available remedies

15. Governing Law and Jurisdiction: Specifies that Pakistani law governs the agreement and identifies the relevant jurisdiction

16. Notices: Explains how formal communications between parties should be made

17. General Provisions: Contains standard legal provisions including entire agreement, amendments, and severability