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Property Agreement

Property Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Property Agreement

I need a Property Agreement for the purchase of a commercial warehouse in Dubai Industrial City, with completion scheduled for March 2025, including specific provisions for existing tenant rights and assignment of maintenance contracts.

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Document background
The Property Agreement is a vital legal instrument used in the United Arab Emirates for documenting real estate transactions and property rights transfers. This document is essential for any property sale, purchase, or management arrangement in the UAE, requiring strict compliance with both federal laws and emirate-specific regulations. The agreement must incorporate specific elements mandated by UAE property laws, including detailed property identification, party information, payment terms, and transfer procedures. It serves as the primary contract document for property transactions, whether involving residential, commercial, or industrial properties, and must be prepared in a format acceptable for registration with relevant land departments. The agreement's structure and content are influenced by UAE Civil Code requirements, local property laws, and established real estate practices in the region.
Suggested Sections

1. Parties: Identification of all parties including full legal names, Emirates ID numbers for UAE residents, passport numbers for non-residents, and registered addresses

2. Background: Context of the agreement, brief property description, and purpose of the transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including location, size, registration details, and any pertinent features

5. Sale Price and Payment Terms: Detailed breakdown of the purchase price, payment schedule, and method of payment

6. Completion and Transfer: Process and timeline for completion of the sale and transfer of ownership

7. Warranties and Representations: Warranties from both parties regarding their capacity to enter into the agreement and the property's status

8. Registration and Transfer Costs: Allocation of costs related to property registration and transfer

9. Handover: Terms and conditions for physical handover of the property

10. Default and Termination: Consequences of default and conditions for termination

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

Optional Sections

1. Condition of Property: Detailed description of property condition - include for existing properties

2. Mortgage Provisions: Include if the property is or will be mortgaged

3. Service Charges: Include for properties in managed communities or buildings

4. Construction Completion: Include for off-plan properties

5. Tenant Rights: Include if property is sold with existing tenants

6. Property Management: Include if agreement includes ongoing management services

7. Defect Liability: Include for new properties with warranty period

8. Escrow Arrangements: Include if payment is handled through escrow

Suggested Schedules

1. Schedule 1 - Property Details: Detailed technical description of property including plot number, municipality number, etc.

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

3. Schedule 3 - Title Documents: Copies of property ownership documents and registration details

4. Schedule 4 - Property Plans: Floor plans, location maps, and technical drawings

5. Schedule 5 - Inventory: List of fixtures, fittings, and furnishings included in the sale

6. Schedule 6 - Due Diligence Documents: Relevant certificates, permits, and compliance documents

7. Appendix A - Form of Transfer: Template for property transfer documentation

8. Appendix B - Handover Protocol: Detailed procedure for property handover and inspection

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

Construction

Banking & Finance

Legal Services

Property Management

Real Estate Investment

Hospitality

Retail

Commercial Real Estate

Residential Real Estate

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Facilities Management

Contract Administration

Risk Management

Corporate Services

Investment

Operations

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Real Estate Agent

Property Developer

Compliance Officer

Contract Manager

Real Estate Investment Manager

Property Portfolio Manager

Asset Manager

Facilities Manager

Real Estate Director

Legal Director

Chief Legal Officer

Real Estate Broker

Property Consultant

Transaction Manager

Development 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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