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Pre Sale Contract
"I need a Pre Sale Contract for a luxury apartment complex in The Pearl-Qatar, where my company is selling 200 off-plan units to individual buyers, with construction completion scheduled for March 2025 and a 4-installment payment plan."
1. Parties: Identification of the Developer/Seller and Buyer with full legal names and details as required by Qatar law
2. Background: Context of the development project, property details, and basis for the pre-sale arrangement
3. Definitions: Key terms used throughout the agreement, including technical and legal terminology
4. Property Description: Detailed description of the property including location, size, specifications, and finishing standards
5. Purchase Price: Total purchase price, payment schedule, and method of payment in compliance with Qatar regulations
6. Payment Terms: Detailed payment structure, installment schedule, and consequences of default
7. Developer Obligations: Commitments regarding construction, quality, timeline, and delivery of the property
8. Buyer Obligations: Requirements for payments, documentation, and cooperation in registration
9. Construction and Completion: Timeline, construction milestones, and completion criteria
10. Handover: Process and conditions for property handover, inspection, and acceptance
11. Title and Registration: Provisions for property registration and transfer of title
12. Warranties: Developer warranties regarding construction quality and defect liability
13. Termination: Grounds and procedures for contract termination by either party
14. Governing Law: Specification of Qatar law as governing law and jurisdiction
15. Dispute Resolution: Procedures for resolving disputes under Qatar law
1. Mortgage Provisions: Include when buyer requires financing, detailing requirements and conditions for mortgage arrangement
2. Assignment Rights: Include when transfer of contract rights needs to be addressed, specifying conditions for assignment
3. Force Majeure: Include to address unexpected events affecting contract performance
4. Property Management: Include for developments with shared facilities or management services
5. Escrow Arrangements: Include when payments are to be managed through escrow account
6. Variations: Include when changes to specifications or design may be necessary
7. Insurance: Include when specific insurance requirements need to be detailed
1. Property Specifications: Detailed technical specifications, floor plans, and finishing schedule
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Construction Timeline: Milestone dates for construction and completion
4. Building Permits: Copies of relevant permits and approvals
5. Master Plan: Development master plan and location details
6. Quality Specifications: Material and finishing quality standards
7. Site Plan: Detailed plan showing property location within development
8. Form of Handover Certificate: Template for property handover documentation
Authors
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Architecture & Design
Property Management
Investment
Legal
Real Estate
Sales
Compliance
Project Management
Finance
Operations
Risk Management
Customer Relations
Property Development
Real Estate Development Manager
Property Sales Director
Legal Counsel
Compliance Officer
Project Manager
Sales Manager
Contract Administrator
Real Estate Broker
Property Developer
Construction Manager
Financial Controller
Risk Manager
Customer Relations Manager
Operations Director
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