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For Sale By Owner Contract
"I need a For Sale By Owner Contract for selling my residential property in Lahore, Pakistan, with a three-installment payment plan and completion date of March 15, 2025, including specific provisions for existing tenant rights."
1. Parties: Full legal names, CNIC numbers, and addresses of the seller and buyer
2. Background: Brief context of the sale and confirmation of seller's ownership
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed legal description of the property including address, dimensions, and registration details
5. Purchase Price: Total sale price, payment terms, and payment schedule
6. Deposit: Amount and handling of initial deposit
7. Completion Date: Date for final payment and property transfer
8. Seller's Representations and Warranties: Guarantees regarding property ownership, encumbrances, and condition
9. Property Inspection: Buyer's right to inspect and acceptance of property condition
10. Transfer of Title: Process and obligations for legal transfer of property ownership
11. Costs and Taxes: Allocation of transfer costs, stamp duty, and other fees
12. Default and Remedies: Consequences of breach by either party
13. Governing Law: Confirmation of Pakistani law governance and jurisdiction
14. Execution: Signature blocks with witness requirements
1. Possession: Terms for transfer of possession if different from completion date
2. Existing Tenancies: Details of any existing tenants and lease agreements
3. Fixtures and Fittings: List of items included/excluded from sale
4. Utilities and Maintenance: Arrangements for transfer of utility connections and maintenance contracts
5. Property Documents: List of documents to be handed over upon completion
6. Condition Precedents: Any conditions that must be met before completion
7. Islamic Finance Compliance: Specific terms to ensure compliance with Islamic finance principles
8. Force Majeure: Provisions for unexpected events preventing completion
1. Schedule 1 - Property Details: Comprehensive property details including lot number, boundaries, and land registration particulars
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and dates
3. Schedule 3 - Property Documents: List of all property papers and certificates to be transferred
4. Schedule 4 - Fixtures and Fittings: Itemized list of included/excluded items
5. Appendix A - Property Plans: Official property plans and drawings
6. Appendix B - Property Photos: Current dated photographs of the property
7. Appendix C - Land Registry Documents: Copies of relevant land registry documents
8. Appendix D - Title Documents: Copies of title documents and ownership history
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Housing Development
Property Investment
Urban Development
Residential Property
Commercial Property
Legal
Real Estate
Property Management
Compliance
Finance
Risk Management
Documentation
Investment
Property Development
Asset Management
Property Owner
Real Estate Lawyer
Legal Counsel
Property Manager
Financial Advisor
Bank Manager
Property Developer
Investment Manager
Legal Document Specialist
Compliance Officer
Property Valuation Expert
Title Researcher
Land Revenue Officer
Registration Officer
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