Document background
The Simple Real Estate Purchase Agreement serves as a fundamental legal instrument for documenting property transactions in Pakistan. This document is essential when transferring ownership of real estate property, whether residential or commercial, from a seller to a buyer. It ensures compliance with Pakistani legal requirements, including the Transfer of Property Act 1882, Registration Act 1908, and relevant stamp duty laws. The agreement comprehensively covers all aspects of the transaction, from property description and purchase price to payment terms and transfer procedures. It's particularly useful for straightforward property transactions where standard terms and conditions apply, and can be adapted for both individual and corporate use. The document includes provisions for local requirements such as CNIC numbers, property identification details specific to Pakistani land records, and necessary witness attestations.
