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Real Estate Sellers Contract
"I need a Real Estate Sellers Contract for a commercial property in West Bay, Qatar, with completion scheduled for March 2025, including specific provisions for the existing tenants and a phased payment structure."
1. Parties: Identification of the Seller and Buyer, including full legal names, Qatar ID numbers, and contact details
2. Background: Context of the sale, brief description of the property, and purpose of the agreement
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 Department
5. Purchase Price: Agreed purchase price, payment structure, and currency
6. Payment Terms: Detailed payment schedule, deposit requirements, and payment methods
7. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and property condition
8. Due Diligence: Buyer's right to inspect and verify property details
9. Completion Requirements: Steps required for completion, including documentation and registration requirements
10. Transfer of Ownership: Process and requirements for transferring title at the Real Estate Registration Department
11. Costs and Taxes: Allocation of transaction costs, registration fees, and any applicable taxes
12. Default and Termination: Consequences of default and circumstances allowing termination
13. Notices: How formal communications between parties should be made
14. Governing Law: Confirmation of Qatar law as governing law and jurisdiction
15. Language: Specification of controlling language version (Arabic/English)
1. Existing Tenancies: Required if property is subject to existing tenancy agreements
2. Mortgage Details: Required if property has existing mortgage to be discharged
3. Broker Provisions: Required if real estate brokers are involved in the transaction
4. Condition Precedents: Required if sale is subject to specific conditions being met
5. Property Management: Required if interim property management arrangements are needed
6. Foreign Ownership Compliance: Required if buyer is non-Qatari, addressing compliance with Law No. 16 of 2018
7. Fixtures and Fittings: Optional section detailing included/excluded items
8. Post-Completion Obligations: Optional section for any continuing obligations after completion
1. Property Description Schedule: Detailed technical description of property, including plans and boundaries
2. Title Documents: Copies of relevant title documents and registration certificates
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Property Condition Report: Current condition of property and any known defects
5. Existing Tenancy Documents: Copies of any existing lease agreements and tenant details
6. Property Certificates: Relevant certificates including building completion, compliance certificates
7. Inventory List: List of fixtures, fittings, and other items included in the sale
8. Required Consents: Copies of necessary governmental or regulatory approvals
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Investment & Asset Management
Hospitality
Retail
Commercial Property
Residential Property
Legal
Real Estate
Compliance
Property Management
Asset Management
Investment
Operations
Business Development
Finance
Risk Management
Real Estate Manager
Property Development Director
Legal Counsel
Compliance Officer
Real Estate Broker
Property Valuation Specialist
Asset Manager
Investment Manager
Real Estate Attorney
Property Portfolio Manager
Transaction Manager
Real Estate Operations Director
Business Development Manager
Chief Legal Officer
Real Estate Finance Manager
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