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Real Estate Buy And Sell Agreement
"I need a Real Estate Buy and Sell Agreement for a commercial property in West Bay, Qatar, where the buyer is a foreign corporation purchasing from a local developer, with completion scheduled for March 2025 and including specific provisions for foreign ownership compliance."
1. Parties: Full legal identification of the seller and buyer, including QID numbers for Qatari nationals or passport details for foreigners, and full contact information
2. Background: Context of the transaction, including brief property history and current ownership status
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 the title deed
5. Purchase Price: Agreed purchase price, payment structure, and payment methods
6. Payment Terms: Detailed schedule of payments, including deposit, installments if any, and final payment arrangements
7. Completion: Process and requirements for completing the sale, including registration requirements and transfer procedures
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with laws
9. Buyer's Obligations: Responsibilities of the buyer including payment obligations and documentation requirements
10. Property Registration: Process and requirements for transferring property registration at the Real Estate Registration Department
11. Handover: Terms and conditions for physical handover of the property
12. Governing Law: Confirmation of Qatar law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Mortgage Provisions: Required if the buyer is obtaining mortgage financing, detailing lender requirements and conditions
2. Foreign Ownership Compliance: Required for non-Qatari buyers, including compliance with Law No. 16 of 2018
3. Condition Precedents: Any conditions that must be met before completion, such as obtaining government approvals
4. Property Management: Transitional arrangements for property management if the property is part of a managed development
5. Tenant Provisions: Required if the property is currently leased, addressing existing tenancy arrangements
6. Defects Liability: For new properties, detailing the developer's obligations regarding defects
7. Broker Provisions: Required if real estate brokers are involved, detailing commission arrangements
1. Property Details Schedule: Detailed technical description of the property, including floor plans and boundaries
2. Title Documents: Copies of current title deed and other ownership documents
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Inspection Report: Results of property inspection and condition assessment
5. Inventory List: List of fixtures, fittings, and any items included in the sale
6. Required Permits: Copies of relevant permits and certificates
7. Property Plans: Architectural plans, layouts, and site plans
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Property Management
Investment
Insurance
Professional Services
Government & Public Sector
Legal
Real Estate
Compliance
Property Management
Investment
Business Development
Risk Management
Corporate Affairs
Operations
Finance
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Real Estate Broker
Property Manager
Investment Manager
Contract Administrator
Business Development Manager
Real Estate Attorney
Transaction Manager
Risk Manager
Corporate Counsel
Property Acquisition Manager
Real Estate Investment Analyst
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