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Purchase Deed
"I need a Purchase Deed for a commercial property transaction in Lahore, Pakistan, where the seller is a corporation and there's an existing tenant whose rights need to be preserved after the sale completes in March 2025."
1. Title and Date: Specifies the document as a Purchase Deed (Sale Deed) and the date of execution
2. Parties: Full identification of the Seller(s) and Purchaser(s) including their names, parentage, CNIC numbers, and complete addresses
3. Recitals: Background information establishing the Seller's ownership and right to transfer the property
4. Definitions: Key terms used throughout the deed including Property, Purchase Price, and other relevant definitions
5. Property Description: Detailed description of the property including location, boundaries, measurements, and unique identifiers
6. Consideration: Statement of the purchase price, payment terms, and acknowledgment of receipt
7. Transfer Declaration: Express words of transfer and conveyance of the property
8. Seller's Warranties: Warranties regarding title, encumbrances, legal compliance, and authority to sell
9. Rights and Interests: Description of rights, easements, and interests being transferred with the property
10. Possession: Terms regarding the handover of physical possession
11. Registration and Expenses: Provisions regarding registration requirements and allocation of expenses
12. Execution: Formal execution clause and space for signatures and witnesses
1. Power of Attorney: Required when any party is acting through an authorized representative
2. Bank Mortgage Details: Included when the purchase is financed through a bank loan
3. Society/Authority NOC: Required for properties in housing societies or regulated developments
4. Previous Title Documents: References to chain of title when relevant to establish clear ownership
5. Tax Declarations: Special declarations regarding tax compliance or exemptions
6. Third Party Rights: Required when there are existing tenancies or other third-party rights
7. Development Obligations: Included for undeveloped or partially developed properties
8. Indemnification: Additional indemnities for specific identified risks
1. Schedule A - Property Details: Comprehensive property description including measurements, boundaries, and site plan
2. Schedule B - Title Documents: List of all title documents evidencing the Seller's ownership
3. Schedule C - Payment Schedule: Detailed breakdown of payment terms if not made in full
4. Schedule D - Encumbrances: List of existing charges, liens, or encumbrances if any
5. Schedule E - Inventory: List of fixtures and fittings included in the sale
6. Appendix 1 - Site Plan: Approved site plan or property layout
7. Appendix 2 - NOCs: Copies of relevant No Objection Certificates
8. Appendix 3 - Tax Receipts: Copies of paid property tax receipts and other clearances
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Manufacturing
Retail
Hospitality
Healthcare
Education
Agriculture
Industrial
Legal
Real Estate
Compliance
Corporate Secretariat
Facilities Management
Asset Management
Property Administration
Finance
Business Development
Risk Management
Legal Counsel
Property Manager
Real Estate Manager
Compliance Officer
Corporate Secretary
Chief Legal Officer
Real Estate Director
Facilities Manager
Asset Manager
Property Administrator
Real Estate Analyst
Legal Administrator
Contract Manager
Business Development Manager
Chief Financial Officer
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