Document background
The Agreement To Sell Immovable Property is a crucial document in Pakistani property transactions, used when parties have agreed to transfer immovable property but the actual transfer is to occur at a future date. This document is essential under Pakistani law, particularly the Transfer of Property Act 1882, and serves as a binding commitment between parties before the execution of the final sale deed. It should be used whenever there is an intention to sell immovable property with deferred completion, typically when payments are made in installments or certain conditions need to be fulfilled before the final transfer. The agreement must comply with local registration requirements, stamp duty regulations, and should clearly specify all terms of the transaction including property details, consideration, payment schedule, and completion requirements.
