Property Law
property Law
Property law is that part of law in the common law legal system that determines various forms of ownership in real and personal property. Pakistan's property law is governed by several statutes.
Property acquisition and sale are governed by specific laws. The Registration Act of 1908 was put in place to ensure that real estate was properly registered and to provide guidance on all aspects of real estate registration in Pakistan.
The Stamp Act of 1899 has a direct impact on government revenues since it specifies the various stamps needed in purchasing and selling real estate in Pakistan. The Land Revenue Act of 1967 lays out the whole structure and hierarchy of Pakistan's land and revenue department. The Transfer of Property Act of 1882 goes into great detail on who is eligible to transfer property, how to transmit property, how to transfer property orally, and what sorts of properties can be transferred.
Because all of these Pakistan real estate laws have a serious influence on the buying and selling of property in Pakistan, estate agents, buyers, and sellers of Pakistan real estate should have a basic understanding of these laws to avoid misunderstandings when buying and selling properties in Pakistan.
You can find professional real estate lawyers in Pakistan through My law diary.
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