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The Seller Financing Purchase Agreement is utilized in Qatar when traditional bank financing is either unavailable or undesirable, allowing property sellers to finance the buyer's purchase directly. This arrangement is particularly relevant in Qatar's dynamic real estate market where alternative financing structures may be advantageous. The document combines elements of both a property sale agreement and a financing agreement, ensuring compliance with Qatar's Civil Code, Real Estate Registration Law, and relevant financial regulations. It typically includes detailed terms for the property transfer, payment schedule, interest rates, security arrangements, and default remedies, while incorporating specific requirements for property registration and transfer under Qatar law. This type of agreement offers flexibility in structuring payment terms while providing security for both parties through proper documentation and legal protections.
