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Contract To Buy Property
"I need a Contract To Buy Property for purchasing a commercial building in Lahore's business district, with a staged payment plan over 6 months and specific provisions for existing tenants who will remain in the building after the purchase is complete."
1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and CNIC numbers
2. Background: Context of the transaction, including brief property history and purpose of the sale
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including exact location, boundaries, and registered title number
5. Purchase Price: Agreed purchase price and payment structure, including deposit and completion payment details
6. Payment Terms: Timeline and method of payment, including any installment arrangements
7. Title and Registration: Seller's warranties regarding clean title and process for title transfer
8. Completion: Details of the completion process, including timing and requirements
9. Seller's Obligations: Responsibilities of the seller up to completion, including maintenance of the property
10. Purchaser's Obligations: Responsibilities of the purchaser, including payment and due diligence obligations
11. Representations and Warranties: Standard warranties about property condition, legal status, and encumbrances
12. Default and Remedies: Consequences of breach by either party and available remedies
13. Governing Law: Confirmation of Pakistani law as governing law and jurisdiction
14. Notices: Process for formal communications between parties
15. Execution: Signature blocks and execution requirements
1. Possession: Terms for early possession if relevant before completion
2. Utilities and Maintenance: Responsibility for utilities and maintenance during transition period
3. Property Contents: List of fixtures and fittings included/excluded in sale
4. Development Rights: If property has development potential, specific rights and restrictions
5. Agricultural Land Provisions: Special provisions if property is agricultural land
6. Tenant Rights: If property is currently tenanted, provisions regarding existing tenancies
7. Islamic Finance Provisions: If purchase involves Islamic financing, specific compliance terms
8. Joint Ownership: Special provisions for multiple purchasers
1. Property Details Schedule: Detailed property specifications, including land area, construction, and boundaries
2. Title Documents: List of all title documents and their copies
3. Payment Schedule: Detailed breakdown of payment installments and dates
4. Property Plan: Official property plans and drawings
5. Encumbrances Schedule: List of any existing encumbrances, easements, or restrictions
6. Inventory: List of fixtures, fittings, and contents included in sale
7. Due Diligence Checklist: List of required documents and verifications
8. Completion Requirements: Detailed checklist of items required for completion
Authors
Real Estate
Banking & Finance
Legal Services
Construction
Agriculture (for agricultural land)
Commercial Property
Residential Property
Industrial Property
Retail Property
Hospitality
Legal
Real Estate
Compliance
Finance
Risk Management
Property Management
Corporate Affairs
Operations
Investment
Business Development
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Land Registration Officer
Real Estate Investment Manager
Corporate Lawyer
Property Acquisition Manager
Real Estate Finance Manager
Title Officer
Commercial Property Manager
Property Valuation Expert
Risk Management Officer
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