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Bill Of Sale For Land

Bill Of Sale For Land Template for United Arab Emirates

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Key Requirements PROMPT example:

Bill Of Sale For Land

"I need a Bill of Sale for Land for selling my residential plot in Dubai Marina to an individual buyer, with completion scheduled for March 15, 2025, including provisions for a 10% deposit and payment in three installments."

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Document background
A Bill of Sale for Land is a critical document used in UAE real estate transactions to formally transfer ownership of land property from one party to another. This document is essential in both private and commercial property transactions across all emirates, though specific requirements may vary by location. The document must comply with UAE federal laws, including the Civil Code (Federal Law No. 5 of 1985), and relevant emirate-specific regulations. It typically includes comprehensive property details, party information, purchase price, payment terms, and warranties. The Bill of Sale for Land must be prepared in both Arabic and English, and requires registration with the relevant Land Department. It serves as a crucial element in the property transfer process, often working in conjunction with other documentation such as NOCs, developer approvals, and mortgage releases where applicable.
Suggested Sections

1. Parties: Full legal names and details of the seller and purchaser, including Emirates ID numbers for individuals or trade license details for companies

2. Background: Brief context of the transaction and confirmation of the seller's ownership and right to sell

3. Definitions: Definitions of key terms used throughout the document

4. Property Details: Comprehensive description of the property including plot number, size, location, and any registered easements

5. Sale and Purchase: Core terms of the sale including purchase price and confirmation of transfer of ownership

6. Payment Terms: Details of the purchase price, payment method, and timing of payments

7. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and compliance with laws

8. Title and Registration: Provisions regarding transfer of title and registration requirements

9. Completion: Details of the completion process, including timing and location

10. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes

11. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Existing Tenancies: Required if the property is subject to existing tenant agreements

2. Mortgage Details: Required if there is an existing mortgage to be discharged

3. Condition of Property: Detailed description of property condition if being sold as-is

4. Post-Completion Obligations: Required if there are continuing obligations after completion

5. Agent Details: Required if real estate agents are involved in the transaction

6. Developer Approval: Required for properties in master-planned communities requiring developer consent

7. Escrow Arrangements: Required if using an escrow account for the transaction

Suggested Schedules

1. Property Title Deed: Copy of the current title deed showing ownership

2. Property Plan: Official survey plan or plot layout from relevant authority

3. Payment Schedule: Detailed breakdown of payment installments if applicable

4. Property Photographs: Recent photographs documenting the current state of the property

5. Due Diligence Documents: List of reviewed documents including NOCs, permits, and certificates

6. Service Charges Statement: Current statement of service charges and maintenance fees

7. Utilities Statement: Current statement of utility accounts and outstanding charges

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Development

Investment & Asset Management

Hospitality

Retail

Industrial & Manufacturing

Government & Public Sector

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Investment

Operations

Finance

Risk Management

Corporate Services

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Conveyancing Officer

Real Estate Agent

Property Developer

Investment Manager

Asset Manager

Compliance Officer

Property Administrator

Land Registration Officer

Real Estate Transaction Specialist

Chief Legal Officer

Real Estate Director

Property Portfolio Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Primary legislation governing contracts and property rights in the UAE, including requirements for valid contracts and property ownership
UAE Federal Law No. 13 of 2008: Regulates the interim real estate register in Dubai, addressing property registration requirements and procedures
Law No. 7 of 2006 (Dubai): Concerning real estate registration in Dubai, outlining requirements for property registration and transfer of ownership
Law No. 3 of 2015 (Dubai): Regulating the real estate sector in Dubai, including requirements for real estate transactions and documentation
Law No. 19 of 2005 (Abu Dhabi): Concerning real estate property registration in Abu Dhabi, establishing registration procedures and requirements
UAE Federal Law No. 4 of 2020: Securing Rights in Movable Property, which may be relevant for certain aspects of land transactions involving movable assets
Law No. 27 of 2007 (Dubai): Concerning ownership of jointly owned properties in Dubai, relevant for properties in multi-unit developments
UAE Federal Law No. 2 of 2015: Commercial Companies Law, important if any party to the transaction is a corporate entity
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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