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Real Estate Agreement Contract
"I need a Real Estate Agreement Contract for the purchase of a commercial property in Lahore's Defense Housing Authority area, with a phased payment plan spanning until March 2025 and specific provisions for existing tenant rights."
1. Parties: Identification and details of all parties involved in the transaction, including their legal capacity to contract
2. Background: Context of the transaction and brief history of the property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including its location, boundaries, and measurements
5. Consideration: Purchase price and payment terms, including any earnest money deposits
6. Mode of Payment: Detailed breakdown of how and when payments will be made
7. Possession: Terms and conditions regarding the transfer of possession
8. Title and Ownership: Warranties and representations regarding the title of the property
9. Registration and Transfer: Process and responsibilities for property registration and transfer
10. Representations and Warranties: Declarations by both parties regarding the property and their capacity to enter into the agreement
11. Covenants: Ongoing obligations of both parties
12. Default and Remedies: Consequences of breach and available remedies
13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction
14. Dispute Resolution: Mechanism for resolving disputes between parties
15. Notices: Method and addresses for serving legal notices
16. Force Majeure: Provisions for unforeseen circumstances preventing performance
17. Execution: Signing requirements and witness details as per Pakistani law
1. Mortgage Details: Required when the property is being purchased through bank financing
2. Development Obligations: Needed for undeveloped or partially developed properties
3. Tenant Rights: Required when the property is currently tenanted
4. Agricultural Land Provisions: Specific provisions required for agricultural land transfers
5. Joint Ownership Terms: Required when multiple buyers are involved
6. Power of Attorney: When any party is acting through an attorney
7. Property Management: For properties in managed communities or societies
8. Utilities Transfer: Detailed provisions for transfer of utility connections
9. Islamic Finance Provisions: When the transaction involves Islamic financing arrangements
1. Schedule A - Property Description: Detailed technical description of the property including measurements and boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment installments and dates
3. Schedule C - Title Documents: List of all title documents and their copies
4. Schedule D - Property Papers: Copies of property tax receipts, utility bills, and other relevant documents
5. Schedule E - Development Authority NOC: No Objection Certificate from relevant development authority
6. Schedule F - Property Pictures: Recent photographs of the property
7. Appendix 1 - Site Plan: Approved site plan from relevant authorities
8. Appendix 2 - Chain of Ownership: Historical record of property ownership
9. Appendix 3 - Encumbrance Certificate: Recent encumbrance certificate from revenue authorities
Authors
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Housing Societies
Commercial Property Management
Agricultural Land Development
Industrial Estate Development
Retail Property Management
Hospitality
Urban Planning
Legal
Real Estate
Property Management
Compliance
Finance
Risk Management
Business Development
Documentation
Acquisitions
Asset Management
Real Estate Manager
Property Lawyer
Legal Counsel
Property Developer
Land Acquisition Manager
Real Estate Agent
Property Valuation Expert
Compliance Officer
Title Search Specialist
Real Estate Finance Manager
Property Registration Officer
Development Project Manager
Real Estate Investment Analyst
Property Documentation Specialist
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