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Real Estate Sales Agreement Contract
"I need a Real Estate Sales Agreement Contract for a residential villa sale in The Pearl-Qatar, with a purchase price of 5 million QAR and completion date set for March 15, 2025; the buyer is a Qatari national and requires Islamic financing arrangements."
1. Parties: Identification of the seller and buyer, including full legal names, Qatar ID numbers (for residents), passport details (for non-residents), and contact information
2. Background: Context of the transaction, brief description of the property, and the parties' intention to enter into a sale agreement
3. Definitions: Key terms used throughout the agreement, including technical and legal terminology specific to Qatar real estate
4. Property Details: Comprehensive description of the property, including location, size, boundaries, and registration details as per Qatar's property registry
5. Purchase Price: Total consideration, payment schedule, deposit requirements, and payment methods accepted under Qatar law
6. Payment Terms: Detailed breakdown of payment installments, timing, and conditions for each payment
7. Completion Requirements: Conditions and procedures for completing the sale, including registration requirements at the Qatar Land Registry
8. Seller's Representations and Warranties: Seller's declarations regarding property ownership, absence of encumbrances, and compliance with Qatar law
9. Buyer's Representations and Warranties: Buyer's declarations, including eligibility to own property under Qatar law and financial capacity
10. Handover Provisions: Terms and conditions for physical possession transfer and utility transfers
11. Default and Remedies: Consequences of breach by either party and available remedies under Qatar law
12. Governing Law and Jurisdiction: Explicit statement of Qatar law governance and jurisdiction of Qatar courts
13. Notices: Process for formal communications between parties, including acceptable methods and addresses
14. Execution: Signature requirements and execution formalities as per Qatar law
1. Foreign Ownership Compliance: Required when buyer is non-Qatari, detailing compliance with Law No. 16 of 2018 on foreign ownership
2. Islamic Finance Provisions: Required when transaction involves Islamic financing arrangements
3. Property Management Transition: Needed for properties within managed communities or compounds
4. Condition Precedents: Required when sale is subject to specific conditions such as mortgage approval or government permits
5. Tax Provisions: Required when specific tax implications need to be addressed
6. Broker Provisions: Required when real estate brokers are involved in the transaction
7. Language Provisions: Required when agreement is bilingual Arabic/English, specifying prevailing language
8. Force Majeure: Optional provisions for unforeseen circumstances affecting completion
1. Property Schedule: Detailed technical description of property, including plans, drawings, and specifications
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Documents: Copies of ownership documents and property registration details
4. Handover Checklist: List of items to be checked and transferred during property handover
5. Due Diligence Documents: Copies of permits, certificates, and compliance documents
6. Property Inspection Report: Current condition report and any agreed repairs or modifications
7. Service Charge Schedule: Details of any ongoing service charges or maintenance fees
8. Required Permits: Copies of necessary government permits and approvals
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Property Management
Investment & Asset Management
Hospitality
Retail
Commercial Property
Legal
Real Estate
Compliance
Property Management
Investment
Due Diligence
Contract Administration
Asset Management
Transaction Advisory
Risk Management
Real Estate Attorney
Property Lawyer
Legal Counsel
Real Estate Manager
Property Development Manager
Investment Manager
Real Estate Broker
Property Consultant
Compliance Officer
Contract Manager
Real Estate Portfolio Manager
Asset Manager
Property Registration Officer
Real Estate Transaction Specialist
Due Diligence Officer
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