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Deed Of Sale Of House And Lot

Deed Of Sale Of House And Lot Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Sale Of House And Lot

"I need a Deed of Sale of House and Lot for a luxury villa in Dubai Marina, with completion scheduled for March 2025, including provisions for existing tenant rights and full furniture inventory."

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Document background
The Deed of Sale of House and Lot is a crucial legal instrument used in UAE real estate transactions to document and formalize property transfers. This document is essential when transferring ownership of residential property in the UAE, requiring compliance with federal laws, emirate-specific regulations, and Land Department requirements. It captures all vital aspects of the transaction including property details, payment terms, and parties' obligations, while ensuring alignment with both UAE civil law and Sharia principles. The document is particularly important as it serves as the official record of transfer recognized by UAE authorities and is required for property registration with the relevant Land Department.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Context of the sale, including brief property history and current ownership status

3. Definitions: Key terms used throughout the deed, including Property, Completion Date, Purchase Price, and other relevant terms

4. Property Details: Comprehensive legal description of the property including plot number, municipality number, and registration details as per UAE property registry requirements

5. Sale and Purchase: Core agreement clause stating the seller's agreement to sell and buyer's agreement to purchase

6. Purchase Price: Detailed breakdown of the purchase price and payment terms, including deposit arrangements

7. Completion Requirements: Conditions and requirements for completion of the sale, including documentation and registration requirements

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with UAE property laws

9. Transfer of Ownership: Process and requirements for transferring ownership through the relevant land department

10. Costs and Taxes: Allocation of registration fees, transfer fees, and other associated costs

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant emirate's courts' jurisdiction

12. Execution: Formal execution block meeting UAE requirements for property deeds

Optional Sections

1. Condition of Property: Detailed description of property condition, used when selling property as-is or with specific condition notes

2. Mortgage Details: Include when property is subject to existing mortgage or new mortgage arrangements

3. Tenant Rights: Required when property is sold with existing tenants and lease agreements

4. Service Charges: For properties in managed communities, detailing service charge obligations

5. Furniture and Fixtures: When sale includes specific furniture or fixtures, listing included items

6. Developer Obligations: For off-plan or newly completed properties, including developer warranties and obligations

7. Power of Attorney: When any party is acting through a power of attorney, including relevant details

8. Islamic Finance Provisions: When purchase involves Islamic financing arrangements

Suggested Schedules

1. Property Description Schedule: Detailed technical description of property including boundaries, area, and official property plans

2. Title Documents: Copies of relevant title documents and registration certificates

3. Payment Schedule: Detailed breakdown of payment installments and timing

4. Inventory Schedule: List of included furniture, fixtures, and fittings if applicable

5. Property Photographs: Official photographs of property for identification purposes

6. Land Department Forms: Required forms for property transfer in relevant emirate

7. Due Diligence Documents: Copies of building permits, completion certificates, and other regulatory approvals

8. Service Charge Statement: Current status of service charges and maintenance fees if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

































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Relevant Industries

Real Estate

Legal Services

Banking and Finance

Construction and Development

Property Management

Insurance

Government and Public Sector

Investment and Asset Management

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Documentation

Investment

Finance

Risk Management

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Real Estate Transaction Manager

Property Developer

Land Registration Officer

Conveyancing Manager

Real Estate Investment Manager

Property Sales Director

Legal Documentation Specialist

Title Officer

Real Estate Finance Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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