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Sale Agreement For House
"I need a Sale Agreement for House for a Qatar property being sold to a foreign buyer for 2.5 million QAR, with completion scheduled for March 2025, including specific clauses about foreign ownership compliance and staged payments."
1. Parties: Identification of the Seller and Buyer with full legal names, Qatar ID numbers, and contact details
2. Background: Context of the sale, including brief property history and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, plot number, size, and registration details
5. Purchase Price: Agreed purchase price and payment structure including deposit and completion payment details
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of late payment
7. Completion Requirements: Conditions for completion, including required documentation and registration procedures
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with laws
9. Property Condition: Statement on the condition of the property and any included fixtures and fittings
10. Registration and Transfer: Process and requirements for property registration at the Real Estate Registration Department
11. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
12. Default and Termination: Consequences of default and circumstances allowing termination
13. Governing Law: Confirmation of Qatar law as governing law and jurisdiction
14. Notices: Process for serving notices between parties
1. Foreign Ownership Compliance: Required if buyer is non-Qatari, addressing compliance with Law No. 16 of 2018
2. Mortgage Details: Required if property is currently mortgaged or if purchase is being financed through a mortgage
3. Property Management: Required if property is part of a managed development with shared facilities
4. Tenant Rights: Required if property is currently tenanted, addressing existing tenancy rights
5. Construction Warranty: Required for newly constructed properties, detailing developer warranties
6. Broker Provisions: Required if real estate brokers are involved in the transaction
7. Condition Precedents: Required if completion is subject to specific conditions being met
1. Property Plan: Official property plan and boundaries from cadastral survey
2. Title Documents: Copies of current title deed and registration documents
3. Inventory: List of included fixtures, fittings, and furniture if applicable
4. Property Certificates: Copies of building completion certificate and other relevant permits
5. Payment Schedule: Detailed breakdown of payment installments and due dates
6. Property Inspection Report: Recent inspection report detailing property condition
7. Service Charges: Details of any applicable service charges or maintenance fees
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