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As Is Home Purchase Agreement
"I need an As Is Home Purchase Agreement for a property sale in Lahore, Pakistan, where I'm selling my older family home that needs significant repairs, with a closing date of March 15, 2025, and I want to ensure I'm fully protected from any future claims about the property's condition."
1. Parties: Identification and details of the seller and buyer, including their full legal names, addresses, and contact information
2. Background: Brief context of the transaction and the parties' intention to enter into an as-is property sale
3. Definitions: Key terms used throughout the agreement, including Property, Closing Date, Purchase Price, and As Is condition
4. Property Description: Detailed legal description of the property being sold, including address and registration details
5. As Is Condition and Disclaimer: Clear statement that the property is being sold in its current condition with all faults and defects, with buyer's acknowledgment
6. Purchase Price and Payment: Total purchase price, payment schedule, and method of payment
7. Earnest Money: Amount of earnest money deposit, where it will be held, and conditions for its release or forfeiture
8. Closing and Possession: Closing date, location, required deliverables, and when possession will be transferred
9. Seller's Representations: Limited representations regarding ownership, authority to sell, and any mandatory disclosures
10. Buyer's Acknowledgments: Buyer's confirmation of property inspection opportunity and acceptance of as-is condition
11. Costs and Expenses: Allocation of closing costs, transfer taxes, and other transaction expenses
12. Default and Remedies: Consequences of default by either party and available remedies
13. Notices: How and where formal notices between parties should be delivered
14. Governing Law: Specification that Pakistani law governs the agreement
15. General Provisions: Standard clauses including entire agreement, amendments, and severability
1. Financing Contingency: Optional section for when buyer's purchase is contingent on obtaining financing
2. Property Inspection Period: Details of any inspection period if buyer requests time to conduct due diligence
3. Existing Tenancies: Required if property is currently tenant-occupied, describing handling of existing lease agreements
4. Property Management Until Closing: Used when specific arrangements are needed for property maintenance between agreement and closing
5. Broker Relationships: Required if real estate brokers are involved in the transaction
6. Personal Property Inclusion/Exclusion: Used when specific items of personal property are included or excluded from the sale
7. Title Insurance: Optional section if buyer wishes to obtain title insurance
8. Closing Date Extension: Terms for extending the closing date if needed
1. Schedule A - Property Details: Detailed property description, including lot size, boundaries, and any easements
2. Schedule B - Property Documents: List of all property documents provided by seller to buyer
3. Schedule C - Known Defects: List of known defects or issues with the property, if any disclosed by seller
4. Schedule D - Included Fixtures: Detailed list of fixtures included in the sale
5. Schedule E - Excluded Items: List of items specifically excluded from the sale
6. Appendix 1 - Property Photos: Current photographs of the property documenting its as-is condition
7. Appendix 2 - Property Plans: Floor plans and property layout drawings if available
8. Appendix 3 - Title Documents: Copies of relevant title and ownership documents
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Real Estate
Banking & Finance
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Property Development
Construction
Insurance
Property Management
Mortgage Services
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Real Estate
Property Management
Compliance
Risk Management
Documentation
Sales
Business Development
Commercial Operations
Finance
Real Estate Attorney
Property Lawyer
Real Estate Agent
Property Broker
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Property Manager
Mortgage Officer
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Property Valuator
Title Examiner
Compliance Officer
Real Estate Developer
Property Consultant
Contract Administrator
Legal Documentation Specialist
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