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Purchase Deed
"I need a Purchase Deed for acquiring a commercial warehouse in Dubai Industrial City valued at AED 15 million, with completion scheduled for March 2025, including provisions for existing tenant arrangements and service charge obligations."
1. Parties: Full legal names and details of the Seller and Purchaser, including Emirates ID/passport numbers for individuals or trade license details for companies
2. Background: Brief context of the transaction and confirmation of the Seller's ownership of the Property
3. Definitions: Key terms used throughout the deed, including 'Property', 'Purchase Price', 'Completion Date', etc.
4. Property Details: Comprehensive legal description of the property including title deed number, property size, location, and any registered easements or encumbrances
5. Sale and Purchase: Core provision documenting the agreement to sell and purchase the Property for the specified Purchase Price
6. Purchase Price: Detailed breakdown of the purchase price and payment terms
7. Completion Requirements: Conditions to be satisfied for completion of the sale, including documentation and registration requirements
8. Seller's Warranties: Warranties regarding ownership, authority to sell, and property condition
9. Title and Registration: Provisions regarding transfer of title and registration with relevant authorities
10. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
11. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
1. Condition of Property: Detailed description of property condition, used when selling property 'as is' or with specific conditions noted
2. Tenancy Details: Include when property is sold with existing tenants, detailing current lease terms
3. Mortgage Details: Required when property is being sold subject to an existing mortgage or new mortgage arrangements
4. Post-Completion Obligations: Include when there are specific obligations that survive completion
5. Property Management: Required for properties within managed communities or with specific management arrangements
6. Defect Liability: Include for new properties or those with ongoing warranty periods
7. Service Charge Provisions: Required for properties in developments with service charges, detailing payment obligations
1. Schedule 1 - Property Description: Detailed technical description of the property including floor plans and specifications
2. Schedule 2 - Title Documents: List of all title documents and registered interests affecting the property
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment installments and timing
4. Schedule 4 - Completion Requirements: Checklist of documents and requirements for completion
5. Appendix A - Property Photos: Recent photographs of the property (if applicable)
6. Appendix B - Property Plans: Architectural plans and layout drawings
7. Appendix C - Service Charge Schedule: Details of service charges and management fees (if applicable)
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Investment & Asset Management
Hospitality
Retail
Commercial Property
Industrial & Manufacturing
Legal
Real Estate
Compliance
Property Management
Asset Management
Investment
Operations
Finance
Risk Management
Corporate Services
Real Estate Manager
Property Lawyer
Legal Counsel
Compliance Officer
Real Estate Director
Property Development Manager
Investment Manager
Asset Manager
Real Estate Agent
Property Consultant
Legal Director
Conveyancing Manager
Real Estate Transaction Specialist
Corporate Counsel
Property Portfolio Manager
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