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Contract To Sell Land

Contract To Sell Land Template for Pakistan

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Key Requirements PROMPT example:

Contract To Sell Land

"I need a Contract to Sell Land for a 500-square-yard residential plot in Lahore, Pakistan, with a payment structure split into three installments and completion date set for March 15, 2025."

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Document background
The Contract to Sell Land is a fundamental legal instrument in Pakistani property transactions, essential for both commercial and private land transfers. This document is used when parties wish to create a legally binding agreement for the sale and purchase of land, whether vacant, agricultural, or developed property. The contract must comply with multiple Pakistani legal frameworks, including the Transfer of Property Act 1882, provincial land revenue laws, and registration requirements. It serves as the primary document for property transfer proceedings before the local land revenue authorities and sub-registrar's office. The agreement typically includes comprehensive property details, payment terms, warranties about title, and specific conditions regarding possession and registration. Given Pakistan's dual legal system, the document may also need to address both civil and Islamic law considerations.
Suggested Sections

1. Parties: Identification of the seller and purchaser with complete details including CNIC numbers and addresses

2. Background: Context of the transaction, including brief description of the property and intention to sell/purchase

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

4. Property Details: Comprehensive description of the land including exact measurements, boundaries, and registration details

5. Purchase Price: Agreed purchase price and payment terms including installment schedule if applicable

6. Payment Method: Specified method of payment and banking details

7. Title and Ownership: Seller's warranties regarding clear title and ownership rights

8. Possession: Terms and timing of property possession transfer

9. Registration and Transfer: Process and responsibilities for property registration and transfer

10. Representations and Warranties: Seller's representations regarding the property's legal status and encumbrances

11. Costs and Taxes: Allocation of transfer costs, taxes, and stamp duties

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

13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdictions

14. Execution: Signing requirements and witness details

Optional Sections

1. Condition Precedents: Specific conditions that must be met before the sale can proceed, used when there are pending approvals or clearances

2. Property Inspection: Terms for property inspection and acceptance, used when buyer requires specific inspection rights

3. Existing Tenancies: Details of any existing tenants and treatment of tenancies, included if property is currently leased

4. Development Requirements: Specific development obligations or restrictions, included for undeveloped land or properties with development conditions

5. Agricultural Land Provisions: Special provisions required for agricultural land transfer, used when the property is agricultural

6. Power of Attorney: Authorization details if any party is acting through an attorney, included when relevant

7. Force Majeure: Provisions for unforeseen circumstances preventing completion, used in longer-term sale arrangements

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including measurements and boundaries

2. Title Documents: List and copies of all relevant title documents and certificates

3. Payment Schedule: Detailed breakdown of payment installments and due dates if applicable

4. Property Plans: Site plans, maps, and surveys of the property

5. Encumbrances Schedule: Details of any existing mortgages, liens, or other encumbrances

6. Required Approvals: List of necessary governmental or regulatory approvals

7. Existing Utilities: Details of utility connections and arrangements

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
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Real Estate Manager

Property Lawyer

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