📑 Documentation & Legal Steps Required at Closing

The closing process for a commercial property deal involves both buyer and seller obligations. Here’s what you need to complete the sale:

1. Required Seller Documents:

• Original registry (sale deed)

• Mutation/Intiqal

• Fard (ownership record)

• Tax paid receipts (property tax, CGT, etc.)

• Approved building plans (if applicable)

• CNIC copies (seller & witnesses)

• Rent agreement (if tenanted)

2. Sales Agreement (Bayana/Token Stage)

• Sets payment terms, timelines, and conditions

• Usually includes 10%–20% advance (Bayana)

• Penalty clauses for delay or withdrawal

3. Final Sale Deed (Registry/Nakal)

• Drafted with mutual legal counsel

• Signed at sub-registrar’s office

• Stamp duty and registration fees are paid

4. Transfer of Possession & Utility Connections

• Handover possession letter

• Provide access to water, electricity, SNGPL, internet, etc.

• Issue final bills/clear dues

Tip: Keep 2–3 notarized copies of all documents. You’ll need them for taxation and future transactions.