The Promissory Note (Real Estate) is a crucial legal instrument in Pakistani financial and real estate transactions, combining elements of a negotiable instrument with real property security. This document is typically used when a party requires financing secured against real estate, whether for property acquisition, business expansion, or other purposes. The document must comply with the Negotiable Instruments Act, 1881, Transfer of Property Act, 1882, and other relevant Pakistani legislation. It contains essential details including the promise to pay, payment terms, property description, and security enforcement mechanisms. The note's real estate security component provides additional protection to the payee while offering potentially better terms for the maker. The document requires proper registration and stamp duty payment under Pakistani law to be legally enforceable.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Promissory Note (Real Estate)
"I need a Promissory Note (Real Estate) for a PKR 15 million loan secured against my commercial property in Lahore, with monthly installments over 5 years starting March 2025, including a prepayment option after 2 years."
1. Promise to Pay: Unconditional promise to pay a specific sum of money, including the principal amount in both figures and words
2. Payment Details: Terms of payment including due date, interest rate, and payment schedule
3. Maker Details: Full legal name and address of the person making the promise to pay
4. Payee Details: Full legal name and address of the person to whom or to whose order the payment is to be made
5. Place of Payment: Specific location where the payment is to be made
6. Real Estate Security Description: Detailed description of the real estate property serving as security, including its location and registration details
7. Default Provisions: Consequences of default and acceleration clauses
8. Governing Law: Statement that the note is governed by Pakistani law
1. Co-Maker Details: Details of any co-makers or guarantors of the note, used when additional security is required
2. Prepayment Terms: Terms and conditions for early payment of the note, included when prepayment is allowed
3. Collection Costs: Provisions for recovery of costs associated with collection, included when maker agrees to pay such costs
4. Waiver Provisions: Specific rights being waived by the maker, included when parties agree to certain waivers
5. Security Enforcement: Detailed procedures for enforcing security against the real estate, included when specific enforcement mechanisms are agreed upon
1. Payment Schedule: Detailed schedule of payment installments, amounts, and due dates
2. Property Documents: Copies of property ownership documents, registration certificates, and property tax records
3. Property Valuation Report: Current market valuation report of the real estate security
4. Title Search Report: Report showing clear title and absence of encumbrances on the property
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Financial Services
Legal Services
Construction
Property Development
Mortgage Services
Investment & Asset Management
Commercial Property
Residential Property
Relevant Teams
Legal
Real Estate
Finance
Compliance
Risk Management
Credit Administration
Property Management
Investment
Documentation
Relevant Roles
Legal Counsel
Real Estate Manager
Property Lawyer
Finance Manager
Mortgage Officer
Real Estate Agent
Property Developer
Credit Manager
Risk Assessment Officer
Compliance Officer
Real Estate Investment Manager
Property Valuation Expert
Find the exact document you need
Promissory Note Between Individuals
An Indonesian law-governed promissory note documenting a personal loan agreement between individuals, including loan terms and repayment obligations.
find out more
Promissory Note For Lacking Document
A Saudi Arabian legal instrument acknowledging debt obligations where original documentation is missing, combining conventional financial practice with Sharia compliance requirements.
find out more
Promissory Note For Delayed Document
A Saudi Arabian legal instrument representing a promise to pay a specified sum while accommodating delayed documentation submission, governed by Saudi commercial law and Shariah principles.
find out more
Promissory Note For House Payment
A Philippine law-compliant financial instrument documenting a promise to pay for property through installments, including payment terms and security provisions.
find out more
Promissory Note For Unpaid Balance
A Philippine law-governed financial instrument documenting a promise to pay an outstanding balance with specified terms and conditions.
find out more
Promissory Note For Medical Bill
A Philippine law-governed document establishing a patient's legal commitment to pay for medical services received, including payment terms and conditions.
find out more
Promissory Note Promise To Pay
A Qatar law-governed negotiable instrument containing an unconditional promise to pay a specified sum, compliant with both Qatar Commercial Code and Sharia principles.
find out more
Promissory Note Form
A South African law-compliant financial instrument containing a written promise to pay a specified sum of money, governed by the Bills of Exchange Act.
find out more
Iou Note
A Maltese law-governed promissory note documenting a formal promise to pay a specified sum of money under defined terms and conditions.
find out more
Promissory Note (Real Estate)
A legally binding promise to pay document under Pakistani law, secured by real estate property, outlining payment terms and security arrangements.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.