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Simple Land Sale Agreement
"I need a Simple Land Sale Agreement for selling an industrial plot in Al Wakrah, Qatar to a foreign corporate buyer, with completion scheduled for March 2025 and including specific provisions for foreign ownership compliance."
1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and Qatar ID numbers/Commercial Registration numbers
2. Background: Brief context of the transaction and confirmation of the Seller's ownership and right to sell the property
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, and other relevant terms
4. Sale and Purchase: Core agreement to sell and purchase the property, including the exact description of the land
5. Purchase Price: Specified amount, currency, and payment terms including deposits and final payment
6. Property Details: Detailed description of the property including plot number, location, size, and boundaries
7. Completion: Process and requirements for completing the sale, including registration requirements
8. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and authority to sell
9. Transfer of Ownership: Process and obligations for transferring title at the Real Estate Registration Department
10. Costs and Taxes: Allocation of transaction costs, registration fees, and any applicable taxes
11. Governing Law: Confirmation that the agreement is governed by Qatar law
12. Notices: Process for sending formal notices between parties
1. Conditions Precedent: Used when the sale is subject to specific conditions being met before completion
2. Foreign Ownership Compliance: Required when the buyer is non-Qatari, addressing compliance with Law No. 16 of 2018
3. Property Inspection: When the buyer requires specific provisions about property inspection rights
4. Broker's Role: When a real estate broker is involved in the transaction
5. Financing Provisions: When the purchase is dependent on obtaining mortgage or other financing
6. Due Diligence: When specific due diligence requirements need to be outlined
7. Default and Remedies: Detailed provisions for handling breach of contract scenarios
1. Property Description Schedule: Detailed technical description of the property including exact measurements and boundaries
2. Title Documents: Copies of existing title deed and other ownership documents
3. Payment Schedule: If payment is to be made in installments, detailed breakdown of payment dates and amounts
4. Property Plans: Official plans, maps, or surveys of the property
5. Municipality Certificates: Relevant certificates from municipality regarding zoning and permitted use
6. Encumbrance Certificate: Certificate showing any registered charges or encumbrances on the property
Authors
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Urban Planning
Agriculture (for agricultural land)
Industrial (for industrial plots)
Commercial Property
Residential Property
Investment & Asset Management
Legal
Real Estate
Compliance
Property Management
Asset Management
Development
Investment
Risk Management
Operations
Finance
Real Estate Manager
Property Developer
Legal Counsel
Real Estate Broker
Property Manager
Compliance Officer
Land Surveyor
Real Estate Investment Manager
Transaction Manager
Property Lawyer
Real Estate Director
Development Manager
Asset Manager
Facilities Manager
Risk Manager
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