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The House Loan Agreement is a fundamental document used in Qatar's property financing sector, essential for both financial institutions and individuals seeking to purchase residential property. This agreement, structured in compliance with Qatar's legal framework and Islamic finance principles, outlines the complete financing arrangement, including the roles and responsibilities of all parties involved. It is specifically designed to meet Qatar Central Bank requirements and local property laws, while ensuring adherence to Sharia principles in its financing structure. The document is typically used when a customer requires financing for purchasing, constructing, or renovating residential property, and includes comprehensive details about the financing terms, property specifications, security arrangements, and payment obligations. The House Loan Agreement serves as the primary legal document protecting the interests of both the financial institution and the borrower throughout the financing period.

1. Parties: Identification of the Lender (Financial Institution) and the Borrower with full legal names and addresses

2. Background: Context of the loan agreement, including the property purchase intention and financing arrangement type

3. Definitions: Definitions of key terms used throughout the agreement, including financial and property-related terminology

4. Facility Details: Specific details of the loan including amount, purpose, and profit rate (Islamic financing structure)

5. Property Details: Complete description and details of the property being financed

6. Payment Terms: Schedule of payments, payment methods, and calculation of profit/charges

7. Security Arrangements: Details of mortgage/charge over the property and any additional security required

8. Borrower's Representations and Warranties: Statements and guarantees made by the borrower regarding their financial status and property ownership

9. Borrower's Covenants: Ongoing obligations of the borrower including property maintenance and insurance requirements

10. Events of Default: Circumstances constituting default and consequences thereof

11. Bank's Rights and Remedies: Actions the bank can take in case of default or breach

12. Insurance Requirements: Mandatory insurance coverage for the property and terms thereof

13. Governing Law and Jurisdiction: Confirmation of Qatar law governance and jurisdiction for disputes