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Land Buying Agreement
"I need a Land Buying Agreement for purchasing a 5,000 square meter commercial plot in Lusail City, Qatar, where I'm a foreign corporate buyer planning to develop a retail complex, with completion scheduled for March 2025."
1. Parties: Identification of the seller and buyer, including full legal names, addresses, and identification numbers as per Qatar requirements
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including location, dimensions, and registration details as per Qatar Property Registration Law
5. Purchase Price: The agreed purchase price, payment terms, and method of payment
6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and final settlement arrangements
7. Conditions Precedent: Conditions that must be satisfied before completion of the sale
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with Qatar law
9. Property Transfer: Process and requirements for legal transfer of property ownership
10. Registration Requirements: Procedures for registering the transfer with relevant Qatar authorities
11. Completion Requirements: Details of the completion process and obligations of both parties
12. Costs and Taxes: Allocation of transaction costs, fees, and applicable taxes
13. Governing Law: Confirmation of Qatar law as governing law and jurisdiction
14. Notices: Process for serving formal notices between parties
15. General Provisions: Standard contractual provisions including severability and entire agreement clauses
1. Foreign Ownership Compliance: Required when buyer is non-Qatari, detailing compliance with Law No. 16 of 2018
2. Mortgage Details: Required when property is subject to existing mortgage or new mortgage financing
3. Development Obligations: Required for undeveloped land or properties requiring specific development commitments
4. Power of Attorney: Required when any party is acting through an authorized representative
5. Vacant Possession: Required when property is currently occupied and terms of vacancy need to be specified
6. Condition of Property: Detailed when specific property condition issues need to be addressed
7. Environmental Matters: Required for properties with environmental considerations or requirements
1. Property Description Schedule: Detailed technical description of the property including boundaries, coordinates, and official survey information
2. Title Documents: Copies of current title deed and other ownership documentation
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Property Plans: Official property plans, drawings, and surveys
5. Due Diligence Reports: Results of property investigations and searches
6. Encumbrance Schedule: Details of any existing encumbrances, easements, or restrictions
7. Completion Requirements Checklist: List of documents and actions required for completion
8. Property Handover Protocol: Procedures and requirements for physical handover of the property
Authors
Real Estate
Construction
Property Development
Banking & Finance
Hospitality
Retail
Industrial
Commercial Property
Residential Property
Infrastructure
Agriculture
Tourism
Legal
Real Estate
Compliance
Finance
Risk Management
Property Management
Corporate Development
Investment
Operations
Facilities Management
Project Development
Asset Management
Real Estate Manager
Property Development Director
Legal Counsel
Compliance Officer
Land Acquisition Manager
Investment Director
Property Portfolio Manager
Real Estate Transaction Coordinator
Chief Financial Officer
Facilities Manager
Project Manager
Corporate Real Estate Manager
Risk Management Officer
Development Director
Asset Manager
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