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Apartment Sale Contract
"I need an Apartment Sale Contract for a 2-bedroom apartment in Dubai Marina, with a standard payment schedule and completion date of March 15, 2025; the property is fully paid with no mortgage involved."
1. Parties: Identification of seller and buyer with full legal names, Emirates ID numbers, and contact details
2. Background: Brief context of the sale transaction and property ownership history
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Details: Comprehensive description of the apartment including unit number, floor, building name, location, and registered area
5. Purchase Price: Agreed purchase price and payment terms including installment schedule if applicable
6. Payment Terms: Detailed breakdown of payment method, timing, and account details
7. Completion and Handover: Process and requirements for property transfer completion and key handover
8. Seller's Warranties: Warranties regarding ownership, no encumbrances, and property condition
9. Buyer's Obligations: Responsibilities including payment, registration, and compliance with regulations
10. Property Registration: Process and requirements for transferring title in the relevant land department
11. Fees and Expenses: Allocation of registration fees, transfer fees, and other transaction costs
12. Handover Condition: State of the property upon handover including fixtures and fittings
13. Default and Termination: Consequences of default and termination rights
14. Governing Law and Jurisdiction: Confirmation of UAE law application and courts' jurisdiction
1. Mortgage Arrangements: Include when buyer is obtaining mortgage financing, detailing bank requirements and conditions
2. Broker Involvement: Include when real estate brokers are involved, specifying commission arrangements
3. Maintenance Agreement: Include for properties within managed communities or with specific maintenance requirements
4. Furniture and Fittings: Include when sale includes furniture or specific fittings beyond standard fixtures
5. Parking Allocation: Include when parking spaces are assigned or purchased separately
6. Post-Handover Payment Plan: Include when payment terms extend beyond property handover
7. Defect Liability Period: Include for new properties with developer warranty periods
8. Power of Attorney: Include when either party is acting through an authorized representative
1. Property Floor Plan: Detailed floor plan showing apartment layout and dimensions
2. Title Deed Copy: Copy of current title deed showing ownership and property details
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Inventory List: List of included fixtures, fittings, and furniture if applicable
5. Property Photos: Documentation of property condition at time of contract
6. Building Service Charge Schedule: Details of annual service charges and payment terms
7. NOC and Certificates: Relevant no-objection certificates and regulatory approvals
8. Building Rules and Regulations: Copy of community or building rules applicable to the property
Authors
Apartment
Building
Common Areas
Completion Date
Deposit
Developer
Emirates ID
Encumbrance
Handover Date
Land Department
Master Community
NOC
Owners Association
Parties
Payment Schedule
Purchase Price
Property Title Deed
Registration Fee
Service Charges
Seller
Purchaser
Completion Notice
Transfer Date
Unit Number
Warranties
Building Rules
Completion Documents
Due Diligence
Fixtures and Fittings
Floor Plan
Governing Law
Maintenance Charges
Property Register
Sale Price
Title Registration
Transaction Documents
Utilities
VAT
Working Day
Recitals
Definitions
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Completion
Title Transfer
Registration
Representations and Warranties
Seller Obligations
Purchaser Obligations
Property Condition
Handover
Fees and Expenses
Default
Termination
Force Majeure
Notices
Assignment
Entire Agreement
Severability
Amendments
Waiver
Counterparts
Confidentiality
Dispute Resolution
Governing Law
Jurisdiction
Real Estate
Property Development
Banking & Finance
Legal Services
Property Management
Construction
Insurance
Facilities Management
Investment & Asset Management
Legal
Real Estate
Compliance
Sales
Property Management
Finance
Risk Management
Operations
Customer Relations
Document Management
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Sales Director
Property Developer
Mortgage Advisor
Real Estate Investment Manager
Contract Manager
Transaction Manager
Property Consultant
Real Estate Portfolio Manager
Asset Manager
Risk Manager
Due Diligence Officer
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