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Real Estate Purchase And Sale Agreement
"I need a Real Estate Purchase and Sale Agreement for a commercial property transaction in Doha, Qatar, with a foreign corporate buyer acquiring a multi-story office building for QAR 15 million, with completion scheduled for March 2025."
1. Parties: Identification of the seller and purchaser, including full legal names, addresses, and relevant identification numbers as required under Qatar law
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, size, boundaries, and registration details as per Qatar Real Estate Registration Law
5. Purchase Price: Details of the purchase price, payment schedule, and method of payment
6. Deposit: Terms relating to the deposit amount, payment timing, and conditions for retention or return
7. Conditions Precedent: Conditions that must be satisfied before completion, including regulatory approvals and property inspection
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with laws
9. Purchaser's Warranties: Warranties regarding capacity to purchase and compliance with relevant laws
10. Completion: Details of the completion process, including timing, location, and requirements
11. Transfer of Title: Process for transferring title in accordance with Qatar Real Estate Registration Law
12. Risk and Insurance: Provisions regarding transfer of risk and insurance requirements
13. Default and Termination: Consequences of default and circumstances allowing termination
14. Notices: Process for serving notices between parties
15. Governing Law and Jurisdiction: Confirmation of Qatar law as governing law and jurisdiction of Qatar courts
16. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Foreign Ownership Compliance: Required when purchaser is non-Qatari, detailing compliance with Law No. 16 of 2018
2. Mortgage and Financing: Include when purchase involves bank financing or existing mortgage arrangements
3. Property Management: Required when property is part of a managed development or has shared facilities
4. Tenancy Provisions: Include when property is sold with existing tenants
5. Development Obligations: Required for off-plan properties or properties requiring development
6. Broker Provisions: Include when transaction involves real estate brokers, complying with Law No. 25 of 2014
7. Condition Precedent for Government Approval: Required for properties in special economic zones or requiring specific government approvals
1. Property Description Schedule: Detailed property specifications, plans, and boundaries
2. Title Documents: Copies of title deed and other ownership documents
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Property Inventory: List of fixtures, fittings, and contents included in sale
5. Due Diligence Reports: Technical, legal, and environmental reports on the property
6. Regulatory Permits: Copies of relevant permits and certificates
7. Property Plans: Architectural plans, layouts, and land surveys
8. Existing Tenancy Schedule: Details of any existing tenancies affecting the property
Authors
Real Estate
Construction
Banking & Finance
Property Development
Hospitality
Retail
Commercial Property
Residential Property
Industrial Property
Investment & Fund Management
Legal Services
Property Management
Legal
Real Estate
Compliance
Corporate Affairs
Property Management
Investment
Operations
Risk Management
Finance
Due Diligence
Business Development
Acquisitions
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Real Estate Broker
Property Valuation Specialist
Transaction Manager
Investment Manager
Real Estate Director
Chief Legal Officer
Real Estate Associate
Property Portfolio Manager
Contracts Manager
Real Estate Operations Manager
Due Diligence Officer
Corporate Counsel
Property Acquisition Manager
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