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The Seller Financed Purchase Agreement is a crucial document used in Pakistan when traditional bank financing is either unavailable or undesirable for property purchases. This agreement enables property transactions by allowing sellers to finance the purchase directly, creating a creditor-debtor relationship between the seller and buyer. The document must comply with Pakistani legislation, including the Contract Act 1872, Transfer of Property Act 1882, and relevant Islamic finance principles. It typically includes detailed terms for payment scheduling, security arrangements, property descriptions, and default remedies. This type of agreement is particularly valuable in markets where conventional financing may be difficult to obtain or when parties prefer to structure their own financing arrangements. The document requires careful attention to local registration requirements and stamp duty obligations.

1. Parties: Identification of the Seller and Buyer with complete legal names and addresses

2. Background: Context of the transaction, including brief description of the property and parties' intention to enter into a seller-financed arrangement

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

4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price

5. Payment Terms: Detailed structure of the seller financing arrangement, including down payment, installment amounts, payment schedule, and interest/profit rate

6. Security Arrangements: Details of how the unpaid purchase price is secured, typically through a charge or mortgage on the property

7. Property Details: Comprehensive description of the property being sold, including all legal identifiers and existing encumbrances

8. Seller's Representations and Warranties: Seller's declarations regarding property ownership, authority to sell, and property condition

9. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and understanding of the agreement

10. Default and Remedies: Consequences of default and available remedies for both parties

11. Transfer of Title: Conditions and process for the transfer of property title

12. Registration and Compliance: Requirements for registration of the sale and compliance with local laws

13. Costs and Taxes: Allocation of transaction costs, stamp duty, and other taxes

14. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes