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Affidavit Of Sale for Pakistan

Affidavit Of Sale Template for Pakistan

An Affidavit of Sale is a legally binding sworn statement used in Pakistan to formally declare and document the transfer of ownership of property or assets from one party to another. This document, governed by Pakistani law including the Oaths Act 1873 and relevant property legislation, serves as an official record of the sale transaction. It contains detailed information about the parties involved, specific descriptions of the property or assets being transferred, the terms of the sale, and includes a sworn statement attesting to the truthfulness of the information provided. The document must be executed before an authorized official such as an Oath Commissioner and requires proper stamping and registration in accordance with Pakistani legal requirements.

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What is a Affidavit Of Sale?

An Affidavit of Sale is commonly used in Pakistan when there is a need to provide a formal, sworn declaration of a sale transaction. This document type is particularly important in situations where detailed documentation of ownership transfer is required, whether for property, vehicles, or other significant assets. The affidavit must comply with Pakistani legal requirements, including proper execution before an Oath Commissioner, appropriate stamping under the Stamp Act 1899, and registration where required by law. The document typically includes comprehensive details about the parties involved, the asset being transferred, the consideration paid, and a sworn statement attesting to the truthfulness of the information. Such affidavits are often required by government authorities, banks, and other institutions as supporting documentation for various official purposes.

What sections should be included in a Affidavit Of Sale?

1. Title and Jurisdiction: Specifies the type of document (Affidavit of Sale) and the jurisdiction where it's being executed

2. Deponent Details: Full identification and contact details of the person making the affidavit (seller)

3. Verification of Identity: Statement confirming the deponent's identity and capacity to make the affidavit

4. Property Description: Detailed description of the property or item being sold, including all relevant identifying information

5. Ownership Declaration: Statement confirming legitimate ownership and right to sell

6. Sale Transaction Details: Information about the sale including price, payment terms, and date of transaction

7. Buyer Information: Full identification and contact details of the purchaser

8. Free Consent Declaration: Statement confirming the sale was made willingly and without coercion

9. Verification Clause: Standard clause verifying that the contents are true and correct

10. Oath and Signature: Formal sworn statement and signature section with date

What sections are optional to include in a Affidavit Of Sale?

1. Witness Details: Information about witnesses to the sale transaction, used when additional verification is required

2. Encumbrance Declaration: Statement regarding any existing liens or encumbrances, included for property sales

3. Previous Ownership History: Details of how and when the seller acquired the property, included for complex property transactions

4. Consideration Receipt: Confirmation of receipt of payment, included when full payment has been received

5. Power of Attorney Reference: Required when the affidavit is being executed through a power of attorney

What schedules should be included in a Affidavit Of Sale?

1. Property Documents: Copies of original property papers, titles, or registration documents

2. Payment Proof: Receipts or bank statements showing payment transactions

3. Identity Documents: Copies of identity documents of both parties

4. Photographs: Photos of the property or item being sold, if applicable

5. Previous Sale Deed: Copy of the previous sale deed or transfer document, if relevant

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Pakistan

Publisher

Genie AI

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions

























Clauses




















Relevant Industries

Real Estate

Automotive

Banking and Finance

Legal Services

Property Development

Government and Public Sector

Construction

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Retail

Agriculture

Relevant Teams

Legal

Compliance

Real Estate

Property Management

Documentation

Risk Management

Corporate Secretarial

Sales Administration

Asset Management

Business Development

Relevant Roles

Legal Counsel

Property Manager

Real Estate Agent

Compliance Officer

Title Examiner

Property Registrar

Bank Manager

Corporate Secretary

Asset Manager

Documentation Specialist

Legal Administrator

Property Developer

Sales Manager

Business Development Manager

Risk Manager

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