Pakistan - Property

Commercial Sale Deed

Legal document for transfer of commercial property ownership including shops, offices, and commercial spaces in Pakistan.

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Instructions

How to execute a Commercial Sale Deed in Pakistan:
1. Verify seller's ownership through title documents and fard. Ensure all taxes are cleared.
2. Enter complete details of both parties with CNIC/NTN. Describe the commercial property with covered area.
3. Execute on proper stamp paper and register. Get intiqal recorded in revenue records.
4. Obtain all NOCs from relevant authorities. Ensure tax compliance with FBR.

Frequently Asked Questions

What taxes apply to commercial property sale?

Capital gains tax, withholding tax, and stamp duty apply. Rates vary by province and holding period. Consult a tax advisor.

What is the stamp duty?

Stamp duty varies by province. It is typically calculated on the property's DC rate or actual sale value, whichever is higher.

Are NOCs required?

Yes, NOCs from the relevant development authority, housing society, or cantonment board are typically required.

What about existing tenants?

If the property has tenants, the buyer takes subject to existing tenancies. Tenant rights are protected under provincial rent laws.

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