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Category: Real Estate

What is the process to sell Real Estate in Pakistan Law?

Posted on June 3, 2010 By masood 1 Comment on What is the process to sell Real Estate in Pakistan Law?

Sale of real estate in Pakistan normally takes place through a title document known as a Sale Deed, except in certain cases e.g. purchase of real estate in Defence Housing Authority (DHA) or in a housing society where sale deed is not executed for transfer of title in real estate and an allotment letter/transfer letter…

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FAQs, Real Estate

What is the Law for Leases (LandLord & Tenant Law) In Pakistan?

Posted on June 3, 2010 By masood 2 Comments on What is the Law for Leases (LandLord & Tenant Law) In Pakistan?

Law for the Landlord Landlord must ensure that lease of an immovable property is executed in writing. Lease of immovable property for a period of less than a year does not require compulsory registration. However, lease of immovable property for a period of more than a year must be registered. If the tenant refuses to…

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FAQs, Real Estate

How can a company / person purchase /acquire a Real Estate in Pakistan Law?

Posted on June 3, 2010 By masood No Comments on How can a company / person purchase /acquire a Real Estate in Pakistan Law?

Purchasing  a real estate in Pakistan can be atricky process due to lack of a standardised system,therefore,  a complete and thorough search in respect of title of the seller to the real estate must be carried out. A general practice is to investigate title of the current vendor and any previous owner(s) for the last…

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FAQs, Real Estate

What is Capital Value Tax in Pakistan?

Posted on June 3, 2010 By masood 12 Comments on What is Capital Value Tax in Pakistan?

Capital Value Tax on Real Estate Related Transactions in Pakistan  A Capital value tax at the rate of 2 percent of recorded value has been levied vide Finance Act, 2006. This is applicable in urban areas for residential property exceeding an area of one kanal and in case of commercial properties without any threshold of…

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