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Property Sale Agreement
"I need a Property Sale Agreement for a commercial office building in Doha's West Bay area, where the buyer is a foreign corporation requiring compliance with Qatar's foreign ownership laws, with completion scheduled for March 2025."
1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and Qatar ID/CR numbers
2. Background: Context of the sale and brief description of the property being transferred
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including location, size, boundaries, and registration details as per Qatar Real Estate Registration requirements
5. Purchase Price: Statement of the agreed purchase price and payment terms including deposit and completion payment details
6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and currency
7. Completion: Requirements and process for completion of the sale, including registration at the Real Estate Registration Department
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with Qatar property laws
9. Buyer's Warranties: Warranties regarding capacity to purchase and compliance with Qatar's foreign ownership laws if applicable
10. Title and Registration: Process and requirements for transferring title and registering the property with relevant authorities
11. Costs and Taxes: Allocation of registration fees, transfer charges, and other associated costs
12. Governing Law: Confirmation of Qatar law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Condition of Property: Detailed description of property condition - used when selling property as-is or with specific defects
2. Financing Contingency: Include when purchase is contingent on buyer obtaining financing
3. Foreign Ownership Compliance: Required for non-Qatari buyers, detailing compliance with Law No. 16 of 2018
4. Property Management Handover: Include for properties with existing management arrangements or tenancies
5. Development Obligations: Required for off-plan properties or properties requiring specific development
6. Sharia Compliance Declaration: Optional section confirming transaction compliance with Sharia principles
7. Due Diligence Period: Include when buyer requires time for property inspection and document verification
1. Property Description Schedule: Detailed technical description of property including plans, boundaries, and specifications
2. Title Documents: Copies of existing title deed and registration documents
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Property Inspection Report: Technical inspection report detailing property condition
5. Existing Tenancy Details: Details of any existing tenancy agreements affecting the property
6. Property Plans and Drawings: Architectural plans, layouts, and approved building permits
7. Required Permits: Copies of all relevant permits and certificates required for property use
Authors
Real Estate
Legal Services
Banking & Finance
Construction
Property Development
Property Management
Professional Services
Residential Property
Commercial Property
Industrial Property
Legal
Real Estate
Compliance
Property Management
Sales
Operations
Risk Management
Corporate Secretariat
Business Development
Investment
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Real Estate Development Manager
Property Sales Manager
Contract Manager
Real Estate Investment Manager
Real Estate Operations Director
Legal Director
Property Acquisition Manager
Real Estate Transaction Coordinator
Company Secretary
Risk Manager
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