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Home For Sale By Owner Contract

Home For Sale By Owner Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Home For Sale By Owner Contract Template

"I need a Home For Sale By Owner Contract Template for selling my 3-bedroom villa in Dubai Marina to a foreign buyer, with completion scheduled for March 2025 and including specific provisions for the existing tenant's lease agreement which expires in May 2025."

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Document background
The Home For Sale By Owner Contract Template is specifically designed for use in the United Arab Emirates real estate market, where property owners wish to conduct private sales without real estate agent intermediaries. This document becomes essential when property owners want to maintain direct control over the sale process while ensuring compliance with UAE federal property laws and local emirate regulations. The template incorporates all necessary legal requirements for property transfer in the UAE, including provisions for property registration, payment terms, and ownership transfer procedures. It is structured to protect both seller and buyer interests while facilitating a smooth transaction process through the relevant property registration authorities. The document is particularly valuable in the UAE's dynamic real estate market, where clear documentation and compliance with local property laws are crucial for successful property transfers.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, Emirates ID numbers, and contact details

2. Background: Brief context of the sale and confirmation of the seller's legal ownership and right to sell

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

4. Property Details: Comprehensive description of the property including address, plot number, size, type, and registration details

5. Purchase Price: Agreed purchase price, payment structure, and payment methods

6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and final payment arrangements

7. Completion and Transfer: Process and timeline for property transfer, registration requirements, and completion procedures

8. Seller's Warranties: Seller's representations regarding property ownership, absence of disputes, and condition of the property

9. Buyer's Obligations: Buyer's commitments including payment, due diligence, and registration requirements

10. Property Condition: Current state of the property and any agreed repairs or modifications before transfer

11. Title and Ownership: Confirmation of clear title and process for transfer of ownership

12. Governing Law: Specification of UAE law application and jurisdiction

13. Notices: Communication procedures between parties

14. Termination: Circumstances and procedures for contract termination

Optional Sections

1. Mortgage Contingency: Include when buyer's purchase is contingent on obtaining mortgage financing

2. Property Inspection: Include when specific inspection requirements or contingencies are needed

3. Furniture and Fixtures: Include when the sale includes specific furniture or fixtures

4. Service Charges: Include for properties in managed communities with service charges

5. Tenancy: Include if property is currently tenanted with details of existing lease

6. Pool Maintenance: Include for properties with swimming pools requiring specific maintenance agreements

7. Defect Liability: Include for newer properties still under developer warranty

8. Foreign Ownership: Include when buyer is a non-UAE national, addressing specific requirements

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property specification including floor plans and plot details

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and dates

3. Schedule 3 - Included Items: List of fixtures, fittings, and items included in the sale

4. Schedule 4 - Property Title Documents: Copies of title deed and other ownership documents

5. Schedule 5 - Property Condition Report: Detailed assessment of property condition with photographs

6. Appendix A - Required Documents: List of documents required for transfer from both parties

7. Appendix B - Transfer Process: Step-by-step guide to the property transfer process

8. Appendix C - Service Charge Statement: Current and projected service charges 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
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Relevant Industries

Real Estate

Legal Services

Banking & Finance

Construction

Property Development

Property Management

Facilities Management

Urban Planning

Insurance

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Contract Administration

Risk Management

Documentation

Operations

Investment

Relevant Roles

Property Owner

Real Estate Lawyer

Legal Counsel

Property Manager

Real Estate Consultant

Compliance Officer

Legal Director

Property Registration Officer

Real Estate Transaction Specialist

Contract Administrator

Legal Operations Manager

Property Portfolio Manager

Real Estate Investment 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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