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Absolute Deed Of Sale
"I need an Absolute Deed of Sale for a commercial property transfer in Lahore, Pakistan, from my manufacturing company to a retail corporation, with completion planned for March 2025, including provisions for existing tenant rights."
1. Parties: Identification and details of the Seller(s) and Buyer(s), including their complete names, ages, occupations, and addresses
2. Background: Brief history of property ownership, reference to title documents, and context of the sale
3. Definitions: Definitions of key terms used throughout the deed
4. Property Description: Detailed description of the property being sold, including exact measurements, boundaries, and registration details
5. Title and Ownership Declaration: Seller's declaration of clear title and right to sell the property
6. Consideration: Statement of the sale price and payment terms, including confirmation of receipt
7. Transfer of Rights: Express statement transferring all rights, title, and interest in the property to the buyer
8. Possession: Declaration of transfer of physical possession and the date thereof
9. Seller's Warranties: Warranties regarding title, encumbrances, taxes, and legal compliance
10. Previous Agreements: Statement voiding any previous agreements regarding the property
11. Registration and Expenses: Details about registration requirements and responsibility for expenses
12. Execution: Signature blocks for parties and witnesses
1. Power of Attorney: Required when any party is acting through an attorney
2. Spousal Consent: Required when the property is jointly owned or affected by marital rights
3. Outstanding Dues: Details of any pending utility bills, taxes, or other charges and responsibility for payment
4. Possession Conditions: Special conditions regarding possession if not immediate
5. Third Party Rights: Declaration regarding any existing tenants or other third-party rights
6. Compliance Certificates: Reference to necessary compliance certificates or NOCs from relevant authorities
1. Property Details Schedule: Detailed technical description of the property including exact measurements and boundaries
2. Title Documents Schedule: List of all title documents and their chain
3. Payment Schedule: If payment is in installments or multiple modes
4. Encumbrance Schedule: List of any existing encumbrances, if applicable
5. Inventory Schedule: List of fixtures and fittings included in the sale
6. Compliance Documents: Copies of necessary NOCs, tax certificates, and other compliance documents
Authors
Real Estate
Banking & Finance
Construction
Commercial Property
Residential Property
Industrial Property
Agriculture
Retail
Hospitality
Manufacturing
Legal
Real Estate
Compliance
Property Management
Asset Management
Operations
Finance
Risk Management
Facilities Management
Administrative Services
Real Estate Manager
Property Lawyer
Legal Counsel
Property Developer
Real Estate Agent
Compliance Officer
Company Secretary
Land Acquisition Manager
Property Administrator
Title Officer
Real Estate Investment Manager
Asset Manager
Facilities Manager
Property Valuation Expert
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