Contracts by Corporate Lawyers in Lahore Pakistan:
For contracts if you need corporate lawyers in Lahore Pakistan or Advocates in Pakistan you may contact Nazia Law Associates. It is only when there is a signed contract that either the buyer or seller is bound. Thus if, for example, a purchaser finds dry rot in the roof of the house, he can refuse to proceed with the transaction if he has not yet signed and handed over the contract through corporate lawyers in Lahore Pakistan or Advocates in Pakistan.
Exchange Contract:
Once he has exchanged contracts, it is too late for him to back out, and he takes the property subject to any dry rot that it contains. Similarly, the seller can change his mind and refuse to sell the property to the buyer until he has signed and handed over a contract; from then on, he is bound, and he cannot back out if, for example, someone else offers him a higher price for the house or flat. The preliminary deposit the estate agent will probably ask the buyer for a promise to show the ‘seriousness of his intentions.
As explained above, if the offer is subject to contract, the payment of a deposit to an estate agent at this stage will not legally commit either the buyer or the seller, and so the paying of such a deposit is no more than an indication of the moral commitment between the parties by corporate lawyers in Lahore Pakistan or Advocates in Pakistan. Accordingly, there is little reason to pay a deposit at this stage, and if one is required, it should be no more than a nominal sum, say £50 or £100. Some agents ask for more (sometimes as much percent of the purchase price). Still, if they do, they must give the purchaser the interest if it comes to more than £10, and if more than £500 was taken as the deposit.
Advocates in Pakistan:
They, the purchaser through corporate lawyers in Lahore Pakistan or Advocates in Pakistan should refuse to pay more than a nominal sum, and he may find. It necessary to ask the seller to tell the agents to accept a smaller amount than they want; there is, of course, no loss to the seller in his agreeing to this. Suppose a deposit is paid to an estate agent (or indeed to anyone, including a sol visitor). In that case, he should confirm in writing that he holds it as ‘stakeholder (i.e., as a neutral agent of the parties), rather than as ‘agent for the vendor’ (which would be the same as paying it to the seller himself).
corporate lawyers in Lahore Pakistan:
If the parties later disputes by corporate lawyers in Lahore Pakistan or Advocates in Pakistan, it is less likely to pay the deposit to the seller. If the transaction should fall through before contracts are signed, any preliminary deposit will be returned to the purchaser. This is so even if the buyer backs out without any good reason (e.g., simply because he changes his mind). Step-by-step conveyancing: 2 Buyer instructs surveyor to inspect the property A buyer takes a house or flat ‘as he finds it.
