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Agreement To Sell Land
"I need an Agreement to Sell Land for a 500-square-meter plot in Al Wakrah, Qatar, with a purchase price of 2.5 million QAR and completion scheduled for March 2025."
1. Parties: Identification of the seller and buyer with full legal names, addresses, and Qatar ID/CR numbers
2. Background: Context of the transaction and confirmation of the seller's ownership and authority to sell
3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant definitions
4. Property Details: Comprehensive description of the land including plot number, location, dimensions, and registration details as per Qatar cadastral records
5. Purchase Price: Agreed purchase price, currency, payment schedule, and payment methods in compliance with Qatari banking regulations
6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and consequences of payment default
7. Completion Requirements: Conditions to be met before completion, including documentation and regulatory approvals
8. Transfer Procedures: Process for transferring ownership through the Qatar Real Estate Registration Department
9. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with local laws
10. Buyer's Warranties: Confirmations regarding buyer's capacity to purchase and compliance with foreign ownership restrictions if applicable
11. Termination: Circumstances under which either party may terminate the agreement and consequences of termination
12. Governing Law and Jurisdiction: Confirmation of Qatar law as governing law and Qatar courts' jurisdiction
13. Notices: Process and addresses for serving legal notices between parties
1. Foreign Ownership Compliance: Required when buyer is non-Qatari, detailing compliance with Law No. 16 of 2018 and obtaining necessary permits
2. Development Obligations: Include when the land is subject to development requirements or restrictions
3. Mortgage Release: Required when the property has an existing mortgage that needs to be discharged
4. Condition Precedents: Include when completion is subject to specific conditions such as obtaining government approvals
5. Agent Authorization: Required when either party is represented by an agent, including power of attorney details
6. Environmental Conditions: Include when there are environmental considerations or requirements for the land
7. Planning Permissions: Required when future development plans need specific mentions or warranties
1. Property Schedule: Detailed technical description of the land including boundaries, coordinates, and any easements
2. Title Documents: Copies of current title deed and ownership documentation
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Property Plans: Official cadastral plans and surveys of the land
5. Due Diligence Documents: List of documents provided for buyer's due diligence
6. Encumbrances Schedule: Details of any existing encumbrances, easements, or restrictions on the land
7. Required Permits: List of permits and approvals required for completion
Authors
Real Estate
Construction
Property Development
Banking & Finance
Hospitality
Retail
Industrial
Commercial Property
Residential Property
Infrastructure Development
Investment & Asset Management
Legal
Real Estate
Compliance
Property Development
Investment
Finance
Operations
Risk Management
Business Development
Facilities Management
Real Estate Manager
Property Development Director
Legal Counsel
Contracts Manager
Investment Manager
Property Acquisition Manager
Real Estate Agent
Land Surveyor
Compliance Officer
Chief Investment Officer
Real Estate Partner (Law Firm)
Property Registration Officer
Development Project Manager
Asset Manager
Real Estate Finance Manager
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