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Contract To Sell Lot
"I need a Contract to Sell Lot for a commercial plot in Al Wakrah, Qatar, where the buyer is a foreign corporation planning to develop a logistics facility, with completion scheduled for March 2025."
1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, and Qatar ID/CR numbers
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
4. Property Description: Detailed description of the lot including location, dimensions, boundaries, and plot number
5. Purchase Price: The agreed purchase price and payment terms including installment schedule if applicable
6. Payment Terms: Detailed payment structure, method of payment, and consequences of default
7. Title and Ownership: Confirmation of seller's ownership and right to sell, status of title
8. Conditions Precedent: Conditions that must be fulfilled before completion of the sale
9. Seller's Representations and Warranties: Seller's guarantees regarding the property's status, ownership, and encumbrances
10. Buyer's Representations and Warranties: Buyer's confirmations regarding capacity to purchase and compliance with laws
11. Completion: Process and requirements for completing the transfer of ownership
12. Registration: Requirements and process for registering the transfer with relevant authorities
13. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
14. Default and Remedies: Consequences of breach and available remedies
15. Governing Law and Jurisdiction: Confirmation of Qatar law application and jurisdiction
16. Notices: Process for sending formal notices between parties
17. Execution: Signature blocks and execution requirements
1. Foreign Ownership Compliance: Required when buyer is non-Qatari, addressing compliance with Law No. 10 of 2021
2. Development Conditions: Required when the lot is subject to specific development requirements or restrictions
3. Broker Provisions: Required when a real estate broker is involved in the transaction
4. Mortgage Requirements: Required when the purchase involves mortgage financing
5. Environmental Conditions: Required when there are environmental considerations or requirements
6. Force Majeure: Optional clause addressing unforeseeable circumstances preventing performance
7. Assignment: Optional provisions regarding the ability to assign rights under the contract
1. Schedule 1 - Property Details: Detailed technical description of the lot including survey plan and coordinates
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and due dates if applicable
3. Schedule 3 - Title Documents: Copies of relevant title documents and ownership certificates
4. Schedule 4 - Property Restrictions: Details of any easements, restrictions, or encumbrances
5. Schedule 5 - Required Approvals: List of regulatory approvals required for the transfer
6. Appendix A - Site Plan: Official site plan showing the lot boundaries and location
7. Appendix B - Due Diligence Documents: Copies of relevant property documentation and searches
Authors
Real Estate
Construction
Property Development
Banking and Finance
Legal Services
Urban Planning
Infrastructure Development
Commercial Property
Residential Property
Investment and Asset Management
Legal
Real Estate
Property Management
Compliance
Corporate Development
Investment
Operations
Finance
Risk Management
Documents and Records
Real Estate Manager
Property Developer
Legal Counsel
Real Estate Broker
Compliance Officer
Property Manager
Investment Manager
Development Director
Land Acquisition Manager
Real Estate Attorney
Contract Administrator
Property Rights Specialist
Title Officer
Real Estate Investment Analyst
Corporate Counsel
Transaction Manager
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