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Apartment Sale Deed
"I need an Apartment Sale Deed for a luxury 3-bedroom apartment in Dubai Marina, with completion scheduled for March 2025, including provisions for furniture transfer and multiple parking spaces."
1. Parties: Detailed identification of the Seller and Buyer, including Emirates ID numbers, passport details, and contact information
2. Background: Brief context of the transaction and confirmation of the Seller's ownership rights
3. Definitions: Key terms used throughout the deed including Property, Common Areas, Transfer Date, etc.
4. Property Details: Comprehensive description of the apartment including unit number, floor, building name, plot details, and area
5. Sale and Purchase: Core transaction terms including purchase price, payment method, and transfer commitments
6. Payment Terms: Detailed breakdown of payment schedule, deposit arrangements, and final payment requirements
7. Completion and Registration: Process and requirements for completing the sale and registering with relevant authorities
8. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and property condition
9. Property Handover: Terms and process for physical handover of the property and transfer of utilities
10. Common Areas: Rights and obligations regarding common areas and facilities
11. Service Charges: Provisions regarding building service charges and payment responsibilities
12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
1. Mortgage Details: Required if the property is being purchased with mortgage financing, including lender details and mortgage terms
2. Power of Attorney: Required if either party is acting through an authorized representative
3. Condition Report: Optional section detailing the current condition of the property and any agreed repairs
4. Furniture and Fittings: Required if the sale includes specific furniture or fixtures
5. Parking Assignment: Required if specific parking spaces are included in the sale
6. Foreign Ownership Declaration: Required for non-UAE national buyers, confirming eligibility to own property
7. Escrow Arrangements: Required for off-plan properties or when using escrow services
1. Property Floor Plan: Detailed floor plan showing apartment layout and dimensions
2. Title Deed Copy: Copy of the current title deed showing seller's ownership
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Photographs: Current photographs of the property's condition
5. Inventory List: If applicable, list of included furniture and fixtures
6. NOC Documents: Necessary No Objection Certificates from relevant authorities
7. Building Service Charge Schedule: Current and projected service charges for the property
Authors
Real Estate
Property Development
Banking & Finance
Legal Services
Property Management
Construction
Investment
Insurance
Facilities Management
Legal
Real Estate
Compliance
Property Management
Sales
Business Development
Contracts
Operations
Investment
Risk Management
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Real Estate Manager
Compliance Officer
Contract Manager
Real Estate Director
Property Developer
Sales Manager
Investment Manager
Property Consultant
Facilities Manager
Legal Director
Real Estate Transaction Specialist
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