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Registered Agreement For Sale Of Property
"I need a Registered Agreement for Sale of Property for a luxury villa in Dubai Marina, where the buyer is a foreign corporation requiring special permissions, with completion scheduled for March 2025 and including specific provisions for existing tenant rights."
1. Parties: Identification of seller and buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Context of the sale, confirmation of seller's ownership, and brief property description
3. Definitions: Key terms used throughout the agreement, including technical and legal terminology specific to UAE property law
4. Property Details: Comprehensive description of the property including title deed number, plot number, and registration details as per UAE land department requirements
5. Purchase Price: Agreed purchase price, payment schedule, and method of payment in compliance with UAE monetary regulations
6. Payment Terms: Detailed payment structure, installment dates, and consequences of default
7. Completion: Process and requirements for transfer of ownership, including registration procedures with relevant land department
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with UAE property laws
9. Buyer's Warranties: Warranties regarding financial capacity and compliance with UAE property ownership laws
10. Handover: Terms and conditions for physical possession transfer and property inspection
11. Registration: Procedures for property registration with the relevant land department and associated costs
12. Termination: Circumstances allowing contract termination and consequences thereof
13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts
14. Notices: Communication procedures between parties as per UAE requirements
15. Execution: Signature requirements and authentication procedures as per UAE law
1. Mortgage Arrangements: Required if buyer is obtaining mortgage financing, detailing bank involvement and requirements
2. Property Management: Needed for properties in managed communities, describing service charges and community rules
3. Condition of Property: Detailed when property requires repairs or modifications before completion
4. Broker Details: Required when real estate brokers are involved, including RERA registration details
5. Foreign Ownership: Required for non-UAE national buyers, including specific permissions and restrictions
6. Power of Attorney: Needed when any party is acting through an authorized representative
7. Escrow Arrangements: Required for off-plan properties or when using escrow services
8. Tenancy Rights: Required if property is currently tenanted, addressing existing lease agreements
1. Property Schedule: Detailed property specifications, including floor plans and area calculations
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Documents: Copies of title deed and other ownership documents
4. Property Disclosure Statement: Mandatory disclosure of property condition and known defects
5. Service Charge Statement: Details of ongoing service charges and maintenance fees
6. Due Diligence Documents: Relevant property documentation including NOCs and certificates
7. Handover Protocol: Detailed checklist for property inspection and handover process
8. Required Permits: Copies of relevant permits and approvals from authorities
Authors
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Investment & Asset Management
Property Management
Urban Planning
Hospitality
Retail
Legal
Real Estate
Compliance
Risk Management
Business Development
Property Management
Asset Management
Investment
Finance
Operations
Corporate Affairs
Facilities Management
Real Estate Manager
Property Lawyer
Legal Counsel
Compliance Officer
Real Estate Broker
Property Developer
Investment Manager
Asset Manager
Property Valuation Specialist
Contract Administrator
Business Development Manager
Risk Manager
Property Portfolio Manager
Real Estate Consultant
Transaction Manager
Chief Legal Officer
Real Estate Finance Manager
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