Purchase Sale Agreement (Real Estate)

Purchase Sale Agreement (Real Estate) Template for Qatar

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Key Requirements PROMPT example:

"I need a Purchase Sale Agreement (Real Estate) for a luxury residential villa in Pearl Qatar, where the seller is a Qatari corporation and the buyer is a foreign individual, with completion scheduled for March 2025 and including provisions for furniture transfer."

Document background

The Purchase Sale Agreement (Real Estate) is a fundamental legal document used in Qatar for property transactions between buyers and sellers. It serves as the primary contract document for both residential and commercial real estate transfers, ensuring compliance with Qatar's Civil Code (Law No. 22 of 2004) and relevant real estate legislation. This agreement is essential for documenting the terms of sale, including property details, price, payment schedule, and completion requirements. It must address specific Qatar legal requirements such as registration procedures at the Real Estate Registration Department, and where applicable, considerations for foreign ownership under Law No. 16 of 2018. The document is crucial for protecting both parties' interests and ensuring a legally compliant property transfer in the Qatar real estate market.

Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names and details 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. Sale and Purchase: Core agreement to sell and purchase the property, including the exact property description as per title deed

5. Purchase Price: Detailed breakdown of the purchase price and payment structure

6. Payment Terms: Timeline and method of payment, including deposit and completion payment details

7. Completion: Conditions for completion, timing, and procedures for transfer of ownership

8. Seller's Warranties: Warranties regarding property ownership, condition, and legal status

9. Property Condition: Statement of the property's condition and any agreed repairs or modifications

10. Title and Ownership: Confirmation of clear title and procedures for transfer at the Real Estate Registration Department

11. Taxes and Fees: Allocation of responsibility for various transaction costs and taxes

12. Risk and Insurance: Transfer of risk and insurance obligations

13. Default and Termination: Consequences of default and termination rights

14. Notices: Process for formal communications between parties

15. Governing Law: Confirmation of Qatar law as governing law and jurisdiction

Optional Sections

1. Existing Tenancies: Required if the property is sold with sitting tenants, detailing their rights and existing lease terms

2. Mortgage Requirements: Include if buyer is obtaining mortgage financing, with conditions related to the funding

3. Property Management: Required if there are ongoing management arrangements that need to be transferred

4. Furniture and Fixtures: Include if the sale includes specific furniture or fixtures

5. Development Obligations: Required for off-plan properties or properties under construction

6. Foreign Ownership Compliance: Include if the buyer is non-Qatari, addressing specific requirements under Law No. 16 of 2018

7. Condition Precedents: Include if there are specific conditions that must be met before completion

8. Service Contracts: Required if there are ongoing service contracts that need to be addressed

Suggested Schedules

1. Property Description Schedule: Detailed legal description of the property, including plot number, location, and dimensions

2. Title Documents: Copies of relevant title documents and property ownership certificates

3. Payment Schedule: Detailed breakdown of payment installments and timing

4. Inventory: List of included furniture, fixtures, and fittings if applicable

5. Property Plans: Official property plans and drawings

6. Due Diligence Documents: Copies of property documentation, permits, and certificates

7. Existing Tenancy Documents: Copies of current lease agreements if applicable

8. Form of Transfer Documents: Templates of documents required for property transfer at the Real Estate Registration Department

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Business Development

Investment

Operations

Finance

Risk Management

Corporate Affairs

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Conveyancing Lawyer

Real Estate Agent

Property Manager

Investment Manager

Asset Manager

Compliance Officer

Contract Manager

Real Estate Director

Development Director

Transaction Manager

Property Consultant

Real Estate Investment Advisor

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