The Lease and Tenancy Agreement serves as a fundamental legal instrument in Pakistani property transactions, essential for both residential and commercial property rentals. This document is required whenever a property owner (landlord) wishes to rent out their property to a tenant, whether for residential or commercial purposes. The agreement must comply with federal legislation such as the Transfer of Property Act 1882 and relevant provincial laws, including local Rent Restriction Ordinances. It comprehensively covers all aspects of the landlord-tenant relationship, including financial terms, maintenance responsibilities, use restrictions, and termination conditions. The document's structure and content are designed to protect both parties' interests while ensuring compliance with local registration requirements, stamp duty obligations, and other regulatory requirements specific to Pakistan's legal framework.
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1. Parties: Identification and details of the Landlord and Tenant, including full legal names, addresses, and ID/registration numbers
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the leased property, including address and boundaries
5. Term and Renewal: Duration of the lease, commencement date, and renewal terms
6. Rent and Payment Terms: Rent amount, payment schedule, security deposit, and payment methods
7. Utilities and Maintenance: Responsibility for utilities, maintenance obligations of both parties
8. Use of Property: Permitted use of the property and any restrictions
9. Landlord's Obligations: Specific duties and responsibilities of the landlord
10. Tenant's Obligations: Specific duties and responsibilities of the tenant
11. Insurance: Insurance requirements for both parties
12. Default and Remedies: Events of default and available remedies
13. Termination: Grounds and procedure for termination
14. Notices: Process for serving notices between parties
15. Governing Law: Confirmation of Pakistani law and relevant jurisdiction
16. Execution: Signature blocks and witness requirements
1. Security and Access: For properties with shared facilities or specific security arrangements
2. Alterations and Improvements: When tenant is permitted to make modifications to the property
3. Sub-letting: Terms for sub-letting if permitted
4. Break Clause: Early termination options for either party
5. Force Majeure: For addressing unforeseen circumstances affecting the lease
6. Property Management: For properties with management companies or agents
7. Commercial Terms: For commercial leases including trading hours and business use
8. Parking: Where specific parking arrangements need to be detailed
9. Pet Policy: Where pets are allowed with specific conditions
10. Green Lease Provisions: Environmental and sustainability requirements
1. Schedule 1 - Property Description: Detailed description of property including floor plans and boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the lease
3. Schedule 3 - Rent Review Mechanism: Detailed process for periodic rent reviews
4. Schedule 4 - Service Charges: Breakdown of service charges and calculation method
5. Schedule 5 - Property Condition Report: Initial condition report with photographs
6. Schedule 6 - Building Rules: Rules and regulations for multi-unit buildings
7. Appendix A - Required Certificates: Copies of safety certificates and property documents
8. Appendix B - Maintenance Schedule: Regular maintenance schedule and responsibilities
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