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The Partial Payment Agreement For House And Lot is a crucial document in UAE real estate transactions where property purchases are structured through installment payments rather than full upfront payment. This agreement type is commonly used in both residential and commercial property transactions across the UAE, particularly in Dubai and Abu Dhabi. It must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific property laws. The document serves to protect both buyer and seller interests by clearly defining payment schedules, property details, transfer conditions, and default remedies. It's particularly relevant in the UAE's dynamic real estate market where structured payment plans are increasingly common to facilitate property ownership.

1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, and official identification numbers as per UAE requirements

2. Background: Context of the agreement, including brief property description and intention to enter into a partial payment arrangement

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Payment Schedule, etc.

4. Property Details: Comprehensive description of the property including exact location, size, boundaries, and registration details as per UAE land department requirements

5. Purchase Price and Payment Terms: Total purchase price, down payment amount, installment schedule, and payment methods in compliance with UAE regulations

6. Payment Schedule: Detailed breakdown of installment amounts, due dates, and payment milestones

7. Default and Remedies: Consequences of payment default, grace periods, and remedial actions available to parties

8. Property Possession and Transfer: Terms regarding property handover, registration, and transfer of ownership upon completion of payments

9. Seller's Representations and Warranties: Seller's declarations regarding property ownership, absence of encumbrances, and compliance with laws

10. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and compliance with UAE property ownership laws

11. Registration and Transfer Costs: Allocation of responsibility for registration fees, transfer fees, and other associated costs

12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for dispute resolution

13. Notices: Process and requirements for formal communications between parties

14. Execution: Signature requirements and execution formalities as per UAE law