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Property: Token Money | Part Payment | Sale Agreement

Download free property sale agreement format with token money, part payment, and terms. Secure house, plot, or shop deals legally and safely.

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PROPERTY SALE AGREEMENT

AGREEMENT FOR TOKEN MONEY / PART PAYMENT

 

This agreement of Token Money / Part Payment is made at ______________ on Dated   __________.

BETWEEN

I, ________________________________ /o ________________________________ Muslim, adult, holding National Identity Card No. _____________________ Residential of House No. ______________________________________________, Hereinafter called the “VENDOR” (whish expression shall wherever the context so admits shall his successors, administers, executors and assigns) of the ONE PART.

AND

I, ________________________________ /o ________________________________ Muslim, adult, holding National Identity Card No. _____________________ Residential of House No. ______________________________________________, Hereinafter called the “VENDEE” (which expression shall wherever the context so admits shall include his successors, administrators, executors and assigns) OR party of the OTHER PART.

WHEREAS the VENDOR is absolute Owner of the property House / Plot / Shop bearing No.______________, measuring  __________ Sq. yds. situated at ______________________________________________ hereinafter referred  to as the SAID PROPERTY.

____________________

Signature of Vendor

____________________
Signature of Vendee                                        Contd. P/2…………..

 

Property, Token Money, Part Payment, Sale Agreement Page 2,

(Page No.2)

 

WHEREAS the VENDOR agreed to sale and VENDEE has agreed to purchase the property House / Plot / Shop bearing No.________________, measuring  __________ Sq. yds, situated at __________________ _______________________________  for a lump sum sale consideration of Rs _______________/- Rupees _____________________________Only on the terms and conditions hereinafter appearing.

TERMS AND CONDITIONS:-

  1. That the VENDOR received a sum of Rs ___________________/- Rupees __________ _____________________________Only as a token money through Cash / Cheque/ Online Transfer / Pay Order No. ______________ dated __________________ Bank ____________________ Branch _____________  against SAID PROPERTY.
  2. That the VENDOR Shall received a sum of Rs ___________________/- Rupees _________ ______________________________Only as a Part Payment through Cash / Cheque/ Online Transfer / Pay Order No. ______________ dated __________________ Bank ____________________ Branch _____________ against SAID PROPERTY.
  3. That the balance amount of Rs ___________________/- Rupees __________________ _____________________Only Shall be paid by VENDEE to the VENDOR on dated ___________________.

 

  1. That at the time of full and final payment VENDOR shall handover all the original documents / file to the VENDEE and will sign a final sale agreement, any shortage of document is responsibility of The VENDOR shall deliver vacant and peaceful possession of said property to the VENDEE on dated ____________________.

 

  1. That the VENDOR shall be responsible to pay all the dues / utilities bill , taxes , and charges payable against the said property to KDA , KMC, Sui Gas Co, KW&SB , KESC , PTCL , Excise and Taxation , House Building Finance Corporation , any other finance institution or any authority up to date. VENDOR shall sign all the documents / NOCS which required for any transfer / change of title on telephone / gas / electricity , conservancy, security , water bills and of said property.

 

  1. That if VENDEE failed to pay the balance amount to VENDOR on the above agreed date the token money shall be forfeited, and if the VENDOR fail to provide the original documents and possession of the said property on above agreed schedule to VENDEE , the VENDOR shall pay the double amount of Token Money only as penalty to the any other amount (i.e Part payment e.t.c) received by VENDOR shall be return actual.
____________________

Signature of Vendor

____________________
Signature of Vendee                                        Contd. P/3…………..

Property, Token Money, Part Payment, Sale Agreement Page 3,

 

(Page No.3)

  1. That after receiving full and final payment VENDOR is bound to transfer the said property in the name of VENDEE on his NOMINEE as and when he required however, all documentation expenditure / Stamp Duty / Registration fee shall be born by purchaser.

IN WITNESS WHEREOF the parties here to have affixed there in respective signature in the presence of witnesses on the day of the year above mentioned.                                        

Witness: 1

Signature: _____________________

Name: _________________________

S/o: ___________________________

CNIC No._______________________

SELLER / VENDOR

Signature: _____________________

Name: _________________________

S/o: ___________________________

CNIC No._______________________     

 

 

Witness: 2

 

Signature: _____________________

Name: _________________________

S/o: ___________________________

CNIC No._______________________

 

 

PURCHASER / VENDEE

 

Signature: _____________________

Name: _________________________

S/o: ___________________________

CNIC No._______________________     

 

Download Pdf File: Property-Token Money – Part Payment – Sale Agreement

FAQS

What is the meaning of agreement for sale?

An “agreement for sale” is a foundational legal contract between a seller (Vendor) and a buyer (Vendee) that outlines the specific terms and conditions for the sale of a property. It details the total sale price , payment plan, and the legal obligations of both parties. It is the promise to sell and buy, which is later completed by a final document called a “Sale Deed.”

What is the format of writing an agreement?

“Bae Nama” (بیع نامہ) is the Urdu term for a “Sale Agreement” or “Agreement for Sale”. It is the primary written contract that documents the agreed-upon terms of a property sale between the buyer and seller.

What is a sale deed of property in Pakistan?

A “Sale Deed” (also known as a “Registry” or “Conveyance Deed”) is the final and most important legal document in a property transaction. Unlike an “Agreement for Sale” (which is a promise to sell), the Sale Deed is the document that officially transfers the ownership (title) of the property from the seller to the buyer. It must be registered with the relevant Sub-Registrar to be legally valid.

Is a purchase agreement?

Yes, a “purchase agreement” is just another name for a “sale agreement” or “agreement for sale”. It is the legally binding contract that defines all the terms and conditions agreed upon by both the buyer (Purchaser/Vendee) and the seller (Vendor) for a property transaction.

What is the purpose of a sales agreement?

The main purpose of a sales agreement is to legally bind both the buyer and seller to the terms of the transaction. It provides a clear written record of the agreed-upon price , payment details, and the specific obligations of each party, such as delivering vacant possession and ensuring the property title is clear. This prevents future disputes and provides a legal remedy if either party breaks their promise.

How long is the agreement valid?

The validity period of a sale agreement is usually specified within the document itself (e.g., “This agreement is valid for 90 days”). If no date is set, it is valid for a “reasonable time.” In Pakistan, if a party breaches the agreement, the aggrieved party has a limitation period of three years to file a lawsuit for “specific performance” (to force the sale).

What is registry and inteqal?

“Registry” is the common term for the “Sale Deed,” the final document that transfers property ownership and is registered with the Sub-Registrar. “Inteqal” (انتقال) is the Urdu word for “mutation,” which is the subsequent step of officially updating the land revenue records (the Patwari or Fard records) to reflect the new owner’s name. Both are essential for securing complete legal ownership.

How to prepare a sales agreement?

To prepare a sales agreement, you must identify all parties (sellers and purchasers) with their full names, CNICs, and addresses. You must then clearly describe the property being sold (plot number, size, location) , state the total sale price , and detail all terms and conditions , such as the payment schedule, date of possession , and who will pay transfer fees. In Pakistan, it must be printed on legal stamp paper and signed by all parties and witnesses.

What are the main points of agreement?

The main points of a sale agreement include:
Parties: Full details of the Vendor (Seller) and Vendee (Purchaser).
Property: A complete and accurate description of the property.
Consideration: The total sale price and a clear acknowledgment of payments made or to be made.
Possession: Confirmation of when and how the vacant possession of the property will be delivered to the buyer.
Title Assurance: A guarantee from the seller that the property title is clear and free from any mortgage, loan, or legal dispute.

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