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House Sales Contract On For Sale By Owner

House Sales Contract On For Sale By Owner Template for United Arab Emirates

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Key Requirements PROMPT example:

House Sales Contract On For Sale By Owner

"I need a House Sales Contract On For Sale By Owner for my 3-bedroom villa in Dubai Marina, with completion planned for March 2025, including specific provisions for the transfer of existing maintenance contracts and inclusion of built-in kitchen appliances."

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Document background
The House Sales Contract On For Sale By Owner is a specialized legal document designed for use in the United Arab Emirates when property owners wish to sell their residential property directly to buyers without engaging a real estate agency. This document type is particularly relevant in the UAE's dynamic real estate market, where direct property sales are becoming increasingly common. The contract ensures compliance with UAE Federal Law No. 5 of 1985 (Civil Code) and various emirate-specific real estate regulations. It includes comprehensive provisions covering property details, payment terms, warranties, and transfer procedures, while incorporating specific requirements of the UAE Land Department and other relevant authorities. The document is structured to protect both parties' interests while facilitating a smooth property transfer process in accordance with UAE property laws and regulations.
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, including property ownership history and intention to transfer

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

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

5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and payment schedule

6. Completion: Details of the completion process, including timing, location, and requirements for transfer

7. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with regulations

8. Property Condition: Statement of the property's condition and any agreed repairs or modifications before completion

9. Transfer of Ownership: Process and requirements for legal transfer of ownership through the relevant Land Department

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

11. Default and Termination: Consequences of default by either party and circumstances for contract termination

12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts

Optional Sections

1. Mortgage Arrangements: Include when the property has an existing mortgage or the buyer requires mortgage financing

2. Foreign Ownership: Required when either party is a non-UAE national, addressing specific requirements and restrictions

3. Tenant Rights: Include if the property is currently tenanted, addressing existing lease agreements

4. Property Management: Include if there are ongoing management arrangements that need to be transferred

5. Furniture and Fixtures: Include if the sale includes specific furniture or fixtures

6. Service Charges: Include for properties in managed communities with service charge obligations

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

8. Post-Completion Obligations: Include if there are specific requirements after completion, such as maintenance agreements

Suggested Schedules

1. Schedule 1 - Property Description: Detailed property specifications, floor plans, and boundary details

2. Schedule 2 - Title Documents: List of all relevant title documents and certificates

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

4. Schedule 4 - Property Condition Report: Detailed report on the current condition of the property

5. Schedule 5 - Payment Schedule: Detailed breakdown of payment terms and installments

6. Appendix A - Property Photos: Recent photographs of the property and included items

7. Appendix B - Required Documents: Checklist of documents required for completion

8. Appendix C - Service Contracts: Details of any transferable service contracts or warranties

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






























Clauses




























Relevant Industries

Real Estate

Property Development

Banking & Finance

Legal Services

Construction

Insurance

Property Management

Urban Development

Residential Housing

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Documentation

Risk Management

Contract Administration

Property Registration

Title Services

Relevant Roles

Property Owner

Real Estate Lawyer

Legal Counsel

Property Manager

Compliance Officer

Title Officer

Property Valuation Specialist

Mortgage Officer

Real Estate Transaction Manager

Legal Documentation Specialist

Property Registration Officer

Contract Administrator

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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