TRANSFER OF PROPERTY ACT, 1882

In Pakistan the transferring of property  from one person to other, ownership rights relating to a party by virtue of such transfer and other matters relating thereto are  governed by a law named as the “Transfer of Property Act, 1882”

Sale of immoveable Property

Transfer of ownership of the immoveable property from the seller to the buyer against some valuable consideration which is generally a price.

Sale of an immoveable property is affected in two steps, firstly when the parties enter into an Agreement whereby the terms and conditions under which the immoveable property is being sold and purchased by the parties are settled and agreed upon.

It is advisable that the terms and conditions agreed between the parties are duly recorded under a formal written agreement and be duly signed by both the seller and purchaser and to be attested by two witnesses. It would not be out of place to mention here that an Agreement for sale does neither transfer the ownership of an immoveable property nor it by itself create any proprietary or ownership rights in an immoveable property. In other words it can be said that an Agreement for Sale is not a title document and does not confers any title or ownership in an immoveable property. detial please see page Family Law