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Deed Of Absolute Sale Condominium
"I need a Deed of Absolute Sale Condominium for a luxury unit sale in The Pearl-Qatar, with a Qatari seller and buyer, completion date in March 2025, and including specific provisions for two designated parking spaces and storage unit rights."
1. Parties: Full identification of the Seller and Buyer, including their complete names, nationalities, Qatar ID numbers, and addresses
2. Background: Brief context of the transaction, including the Seller's current ownership status and intention to sell
3. Definitions: Key terms used throughout the deed, including 'Property', 'Common Areas', 'Transfer Date', etc.
4. Property Description: Detailed description of the condominium unit, including unit number, floor, building name, location, and total area
5. Purchase Price: The agreed purchase price and detailed payment terms
6. Warranties and Representations: Seller's warranties regarding ownership, absence of encumbrances, and authority to sell
7. Transfer of Title: Terms and process for transferring legal ownership to the Buyer
8. Common Areas and Facilities: Rights and obligations regarding common areas and facilities in the condominium building
9. Registration and Transfer Costs: Allocation of costs related to property registration and transfer
10. Possession: Terms for delivering physical possession of the property
11. Governing Law: Confirmation that the deed is governed by Qatar law
12. Execution: Formal execution clause and signature blocks
1. Foreign Ownership Compliance: Required when the buyer is non-Qatari, detailing compliance with Law No. 16 of 2018
2. Mortgage Details: Included when the property is subject to a mortgage or when the purchase is financed
3. Power of Attorney: Required when either party is acting through an authorized representative
4. Condition of Property: Detailed when the property is sold with specific conditions or as-is
5. Existing Tenancy: Required when the property is subject to an existing lease agreement
6. Parking Assignment: Included when specific parking spaces are assigned to the unit
1. Property Details Schedule: Detailed technical description of the property, including floor plans and measurements
2. Title Documents: Copies of current title deed and other ownership documents
3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Common Areas Schedule: Detailed list and description of common areas and facilities
5. Condition Report: Current condition of the property including photographs and any defects
6. Building Rules and Regulations: Copy of the condominium building's rules and regulations
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Property Management
Investment
Residential Housing
Commercial Property
Foreign Investment
Legal
Real Estate Operations
Property Management
Compliance
Documentation
Sales
Investment
Client Relations
Risk Management
Operations
Real Estate Lawyer
Property Developer
Real Estate Agent
Legal Counsel
Property Manager
Compliance Officer
Real Estate Investment Manager
Title Officer
Conveyancing Lawyer
Real Estate Transaction Manager
Property Documentation Specialist
Real Estate Operations Director
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