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Deed Of Sale Of Land
"I need a Deed of Sale of Land for a commercial property in Dubai Marina, with completion scheduled for March 2025, including provisions for staged payments and existing tenant arrangements."
1. Parties: Details of the Seller and Buyer, including full legal names, Emirates ID numbers for UAE residents, passport numbers for non-residents, and complete addresses
2. Background: Brief history of the property ownership, current status, and context of the sale
3. Definitions: Definitions of key terms used throughout the deed, including Property, Completion Date, Purchase Price, and other relevant terms
4. Property Details: Comprehensive description of the property including plot number, area, location, dimensions, and boundaries as per title deed
5. Consideration: Details of the purchase price, payment terms, and method of payment
6. Title Guarantee: Seller's warranties regarding their ownership rights and authority to sell
7. Completion Requirements: Requirements for completion of the sale, including documentation and registration procedures
8. Seller's Obligations: Specific obligations of the seller including delivery of documents and vacant possession
9. Buyer's Obligations: Specific obligations of the buyer including payment and registration requirements
10. Registration: Procedures and requirements for registering the transfer with relevant land department
11. Execution: Formal execution block including witness requirements and attestation details
1. Conditions Precedent: Used when there are specific conditions that must be met before completion, such as obtaining regulatory approvals or third-party consents
2. Property Management: Required when there are ongoing management arrangements that need to be transferred
3. Service Charges: Needed for properties in managed communities to address outstanding and future service charges
4. Existing Tenancies: Required when the property is sold subject to existing tenancies
5. Development Obligations: Needed for undeveloped land where there are specific development requirements or restrictions
6. Mortgage Details: Required when the property is being sold subject to an existing mortgage or where new mortgage arrangements are relevant
7. Foreign Ownership Provisions: Required when either party is a foreign national, addressing specific requirements under UAE foreign ownership laws
1. Property Schedule: Detailed technical description of the property including maps, plans, and specifications
2. Title Documents: Copies of existing title deed and other relevant ownership documents
3. Payment Schedule: Detailed breakdown of payment installments and timing if not a single payment
4. Inventory: List of any fixtures, fittings, or other items included in the sale
5. Outstanding Liabilities: Details of any outstanding charges, taxes, or other liabilities affecting the property
6. Required Registrations: List of all registrations and notifications required with various authorities
7. Form of Transfer: Template of the transfer document required by the relevant land department
Authors
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Investment & Asset Management
Hospitality
Retail
Industrial & Manufacturing
Infrastructure Development
Legal
Real Estate
Compliance
Property Management
Asset Management
Investment
Commercial
Operations
Risk Management
Corporate Secretariat
Real Estate Lawyer
Property Manager
Legal Counsel
Real Estate Director
Compliance Officer
Land Registration Officer
Property Development Manager
Asset Manager
Investment Manager
Real Estate Agent
Commercial Director
Legal Director
Company Secretary
Managing Partner
Chief Legal Officer
Head of Real Estate
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