������Ƶ

The Contract To Buy Property is a fundamental legal document used in Pakistani real estate transactions to formalize the purchase and sale of property. This document is essential when any party wishes to acquire property ownership in Pakistan, whether for residential, commercial, or industrial purposes. It must comply with various Pakistani laws, including the Transfer of Property Act 1882, Registration Act 1908, and relevant stamp duty regulations. The contract includes crucial details such as property specifications, payment terms, warranties, and completion requirements, while also addressing local land revenue regulations and Islamic law principles where applicable. It serves as a vital tool for protecting both buyers' and sellers' interests, ensuring clear documentation of the transaction terms, and facilitating smooth property transfer. The document can be adapted for various property types and transaction structures while maintaining compliance with Pakistani legal requirements.

1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and CNIC numbers

2. Background: Context of the transaction, including brief property history and purpose of the sale

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

4. Property Description: Detailed description of the property including exact location, boundaries, and registered title number

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

6. Payment Terms: Timeline and method of payment, including any installment arrangements

7. Title and Registration: Seller's warranties regarding clean title and process for title transfer

8. Completion: Details of the completion process, including timing and requirements

9. Seller's Obligations: Responsibilities of the seller up to completion, including maintenance of the property

10. Purchaser's Obligations: Responsibilities of the purchaser, including payment and due diligence obligations

11. Representations and Warranties: Standard warranties about property condition, legal status, and encumbrances

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

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

14. Notices: Process for formal communications between parties

15. Execution: Signature blocks and execution requirements