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Contract To Sell Condominium
"I need a Contract to Sell Condominium for a luxury unit in The Pearl-Qatar, with the seller being a Qatari company and the buyer a foreign individual, including installment payments over 6 months starting March 2025."
1. Parties: Identification of the Seller and Buyer, including full legal names, Qatar ID numbers (or passport numbers for foreigners), and contact details
2. Background: Context of the sale, brief description of the property, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Common Areas', 'Completion Date', etc.
4. Property Description: Detailed description of the condominium unit, including unit number, floor, building name, location, and area size in square meters
5. Purchase Price: Total purchase price, payment schedule, and method of payment
6. Payment Terms: Detailed breakdown of payment installments, due dates, and payment conditions
7. Title and Ownership: Confirmation of the Seller's right to sell and promises regarding clear title
8. Common Areas: Definition and description of common areas, shared facilities, and associated rights
9. Completion and Handover: Process and conditions for property completion and handover
10. Registration: Requirements and process for registering the property transfer with relevant authorities
11. Representations and Warranties: Statements and guarantees made by both parties regarding the property and their capacity to enter into the agreement
12. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes
1. Foreign Ownership Compliance: Required when buyer is non-Qatari, detailing compliance with Law No. 6 of 2014 and applicable regulations
2. Mortgage Provisions: Required when the purchase involves mortgage financing, detailing the mortgage arrangement and lender requirements
3. Property Management: Optional section detailing the building's management structure and associated fees when relevant to the sale
4. Condition Precedents: Required when there are specific conditions that must be met before completion
5. Defects Liability: Required for new properties, detailing the developer's obligations regarding defects
6. Investment Representations: Required when the buyer is a foreign investor, addressing compliance with foreign investment laws
7. Power of Attorney: Optional section when either party is acting through an attorney
1. Property Details Schedule: Detailed technical description of the property, including floor plans and specifications
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Common Areas Schedule: Detailed list and description of common areas and facilities
4. Title Documents: Copies of relevant title documents and property registration certificates
5. Building Rules and Regulations: Copy of the building's rules and regulations
6. Snag List: List of any defects or issues identified during property inspection
7. Service Charges Schedule: Details of service charges and maintenance fees applicable to the property
Authors
Real Estate
Property Development
Legal Services
Banking & Finance
Construction
Property Management
Investment & Asset Management
Hospitality
Residential Property
Legal
Real Estate
Compliance
Sales
Property Management
Business Development
Investment
Operations
Risk Management
Contract Administration
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Sales Manager
Investment Manager
Real Estate Investment Advisor
Contract Manager
Property Consultant
Business Development Manager
Real Estate Portfolio Manager
Legal Director
Transaction Manager
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