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Contract Of Purchase And Sale For Commercial (Real Estate)

Contract Of Purchase And Sale For Commercial (Real Estate) Template for Pakistan

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Key Requirements PROMPT example:

Contract Of Purchase And Sale For Commercial (Real Estate)

"I need a Contract Of Purchase And Sale For Commercial (Real Estate) for purchasing a multi-tenant office building in Lahore, Pakistan, with existing leases that need to be maintained and specific provisions for staged payments over three months starting March 2025."

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Document background
The Contract of Purchase and Sale for Commercial (Real Estate) is a vital legal instrument used in Pakistan for transferring ownership of commercial properties. This document is essential when businesses or individuals are engaging in the purchase or sale of commercial real estate assets such as office buildings, retail spaces, industrial facilities, or mixed-use developments. It must comply with Pakistani legal requirements, including the Transfer of Property Act 1882, Registration Act 1908, and relevant local property laws. The agreement covers crucial aspects such as property description, purchase price, payment terms, due diligence requirements, warranties, and completion procedures. It's particularly important in protecting both parties' interests while ensuring the transaction meets all regulatory requirements and market standards in Pakistan's commercial real estate sector.
Suggested Sections

1. Parties: Identification of seller and purchaser with full legal names, registration details, and addresses

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including location, boundaries, and registration details

5. Purchase Price: Agreed purchase price and payment terms including deposit and completion payment details

6. Due Diligence: Buyer's right to investigate property condition, title, and compliance with regulations

7. Conditions Precedent: Conditions that must be satisfied before completion of the sale

8. Seller's Representations and Warranties: Seller's statements regarding property title, condition, and compliance with laws

9. Buyer's Representations and Warranties: Buyer's statements regarding authority and capacity to purchase

10. Completion: Process and requirements for closing the transaction

11. Title Transfer: Mechanism and requirements for transferring property title

12. Taxes and Expenses: Allocation of transaction costs, taxes, and registration fees

13. Default and Remedies: Consequences of breach and available remedies

14. Notices: Method and addresses for formal communications between parties

15. Governing Law: Confirmation of Pakistani law as governing law and jurisdiction

16. General Provisions: Standard contract clauses including entire agreement, amendments, and severability

Optional Sections

1. Tenant Rights: Required if property is currently leased - addresses existing tenancies and their treatment post-sale

2. Environmental Matters: Required for industrial properties or where environmental concerns exist

3. Development Rights: Include when property has unused development potential or pending approvals

4. Property Management: Required if interim management arrangements are needed between exchange and completion

5. Foreign Investment Provisions: Required if buyer is a foreign entity, addressing compliance with foreign investment laws

6. Islamic Finance Compliance: Required if transaction involves Islamic financing arrangements

7. Asset Sale Provisions: Required if sale includes business assets beyond real estate

8. Construction Warranties: Required for newly constructed properties

9. Intellectual Property Rights: Required if property includes naming rights or branded elements

Suggested Schedules

1. Property Schedule: Detailed property information including floor plans, boundaries, and registered title details

2. Payment Schedule: Breakdown of payment structure including installments and timing

3. Due Diligence Documents: List of documents provided for buyer's review

4. Existing Tenancies: Details of current leases and rental agreements

5. Property Inventory: List of fixtures, fittings, and equipment included in sale

6. Required Approvals: List of regulatory approvals needed for completion

7. Title Documents: Copies of title documents and registration certificates

8. Property Compliance Certificates: Copies of building, safety, and regulatory compliance certificates

9. Service Contracts: Details of ongoing service contracts that may transfer with property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






















































Clauses









































Relevant Industries

Real Estate

Commercial Property Development

Retail

Manufacturing

Hospitality

Healthcare

Education

Financial Services

Technology

Logistics

Professional Services

Industrial

Warehousing

Office Space Management

Construction

Relevant Teams

Legal

Real Estate

Finance

Operations

Compliance

Risk Management

Facilities Management

Corporate Development

Investment

Asset Management

Due Diligence

Property Management

Corporate Secretariat

Business Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Manager

Commercial Lawyer

Legal Counsel

Property Developer

Facilities Manager

Business Development Manager

Investment Manager

Asset Manager

Real Estate Agent

Property Valuer

Compliance Officer

Finance Director

Operations Director

Corporate Secretary

Risk Manager

Transaction Manager

Due Diligence Specialist

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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