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Sell Agreement Of Land
"I need a Sell Agreement Of Land for a commercial plot in Al Wakrah, Qatar, with a purchase price of 5 million QAR and completion scheduled for March 2025, including standard payment terms and registration requirements."
1. Parties: Identification of the seller and buyer with full legal names, addresses, and Qatar ID/CR numbers
2. Background: Context of the sale, brief description of the property, and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the land including plot number, location, dimensions, and boundaries as per official documentation
5. Purchase Price: Agreed purchase price, payment schedule, and method of payment
6. Payment Terms: Detailed breakdown of payment installments, timing, and conditions for each payment
7. Transfer of Ownership: Process and conditions for transferring property ownership through the Real Estate Registration Department
8. Seller's Warranties: Seller's representations regarding property ownership, encumbrances, and legal status
9. Buyer's Obligations: Buyer's commitments including payment, due diligence, and compliance with registration requirements
10. Completion: Requirements and process for completing the sale, including documentation and registration procedures
11. Default and Termination: Consequences of default by either party and conditions for agreement termination
12. Governing Law and Jurisdiction: Confirmation of Qatar law as governing law and Qatar courts' jurisdiction
13. Notices: Process for formal communications between parties
14. Execution: Signature blocks and execution requirements
1. Conditions Precedent: Specific conditions that must be met before the sale can proceed, used when there are preliminary requirements
2. Property Inspection: Terms for property inspection and acceptance, used when the buyer requires specific inspection rights
3. Broker's Commission: Details of any broker involvement and commission arrangements, included when a broker is involved
4. Municipal Permits: Requirements for obtaining necessary permits, included when the property requires specific permissions
5. Foreign Ownership Compliance: Special provisions for non-Qatari buyers, included when the buyer is not a Qatari national
6. Existing Tenancies: Details of any existing tenants and lease arrangements, included when the property is currently leased
7. Environmental Matters: Environmental conditions and obligations, included for properties with environmental concerns
8. Development Rights: Provisions regarding future development rights, included when development potential is part of the transaction
1. Property Title Documents: Copies of official property ownership documents and title deed
2. Property Plan: Official survey plan showing property boundaries and dimensions
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Photographs: Recent photographs of the property and its boundaries
5. Land Registration Certificate: Copy of current land registration certificate
6. Municipality Certificates: Relevant municipal certificates and permits
7. Due Diligence Reports: Technical and legal reports from property inspection and verification
8. Power of Attorney: If applicable, power of attorney documents for representatives
Authors
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Government & Public Sector
Infrastructure
Commercial Property
Residential Property
Investment & Asset Management
Legal
Real Estate
Compliance
Property Management
Investment
Operations
Corporate Affairs
Risk Management
Business Development
Finance
Documentation
Real Estate Manager
Property Lawyer
Legal Counsel
Real Estate Broker
Property Developer
Investment Manager
Compliance Officer
Contract Manager
Real Estate Director
Land Registration Officer
Property Valuation Specialist
Transaction Manager
Development Director
Asset Manager
Chief Legal Officer
Real Estate Investment Analyst
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