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Conditional Sales Contract (Real Estate) Template for Pakistan

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Key Requirements PROMPT example:

Conditional Sales Contract (Real Estate)

"I need a Conditional Sales Contract (Real Estate) for a residential property in Lahore, Pakistan, where the purchase price of PKR 15 million will be paid in 4 quarterly installments throughout 2025, with the final transfer of property contingent upon full payment."

Document background
The Conditional Sales Contract (Real Estate) is a crucial legal instrument in Pakistani property transactions where the transfer of ownership is subject to the fulfillment of specific conditions. This document type is commonly used in situations involving installment payments, development requirements, or other contingencies that must be satisfied before the sale becomes absolute. It operates within Pakistan's legal framework, which combines common law principles with Islamic law considerations, particularly in relation to property transfers and financial arrangements. The document ensures compliance with various Pakistani statutes including the Transfer of Property Act 1882, Contract Act 1872, and Registration Act 1908. It's particularly relevant in urban development projects, housing schemes, and commercial property transactions where staged completions or specific conditions need to be met before final transfer.
Suggested Sections

1. Parties: Identification of the seller and purchaser with complete legal names, addresses, and CNIC numbers

2. Background: Context of the transaction including brief property history and intention to enter into a conditional sale

3. Definitions: Definitions of key terms used throughout the agreement including Property, Completion Date, Purchase Price, and Conditions

4. Property Description: Detailed legal description of the property including plot number, street, locality, city, and registration details

5. Purchase Price: Total consideration amount, payment schedule, and payment methods

6. Conditions of Sale: Specific conditions that must be met before the sale becomes final, including payment terms and timeframes

7. Seller's Representations and Warranties: Seller's declarations regarding property ownership, encumbrances, and legal authority to sell

8. Purchaser's Representations and Warranties: Purchaser's declarations regarding financial capacity and compliance with relevant laws

9. Possession and Risk: Terms regarding property possession, maintenance responsibilities, and risk allocation during the conditional period

10. Default and Remedies: Consequences of default by either party and available remedies

11. Registration and Transfer: Process and requirements for final property registration and transfer upon fulfillment of conditions

12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and relevant court jurisdiction

Optional Sections

1. Mutation of Property: Include when the property requires mutation in revenue records

2. Third Party Rights: Include when there are existing tenants or other third-party interests in the property

3. Development Requirements: Include when the property is undeveloped or requires specific development conditions

4. Islamic Finance Compliance: Include when the transaction needs to comply with Islamic financing principles

5. Property Management: Include when specific arrangements for property management during the conditional period are needed

6. Insurance Requirements: Include when specific insurance coverage is required during the conditional period

7. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

Suggested Schedules

1. Schedule A - Property Details: Detailed property specifications, boundaries, and measurements

2. Schedule B - Payment Schedule: Detailed breakdown of payment installments and dates

3. Schedule C - Property Documents: List of all property documents and certificates to be provided

4. Schedule D - Completion Requirements: Checklist of conditions and requirements for completion

5. Appendix 1 - Property Plans: Architectural plans, maps, and property layouts

6. Appendix 2 - Title Documents: Copies of relevant title documents and certificates

7. Appendix 3 - Permissions and Approvals: Copies of necessary governmental approvals and permits

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































Clauses






























Relevant Industries

Real Estate

Construction

Property Development

Banking & Finance

Legal Services

Property Management

Urban Development

Housing & Infrastructure

Islamic Finance

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Business Development

Risk Management

Finance

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Contract Manager

Property Developer

Land Registration Officer

Compliance Officer

Real Estate Investment Manager

Property Valuation Expert

Islamic Finance Consultant

Real Estate Transaction Coordinator

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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