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The transfer of Property Act bargains with mortgages of immovable property only, whilst the Agreement Act, 1872 embodies the law as to pledges of movables. But a house loan of movables can also be recognized in Pakistan.
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Then we, as lawyers draft a suitable sale-buy arrangement. Payment of stamp responsibility, cash value tax, Town tax, and registration fee, based on the valuation table and prescribed price. The Deputy District Officer Profits as well as District Officer Revenue, at Town and town stage respectively, issue a “No Objection Certification” in favor of the Seller permitting the sale in the property, furnished that all the sum owing and payable in regard with the property continues to be content.
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Leasing Law & Connected Challenges There is usually no lease without having a current demise. A mere settlement to grant a lease in long run will not be a lease.
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