Contract To Sell Land Template for United Arab Emirates

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Key Requirements PROMPT example:

Contract To Sell Land

"I need a Contract to Sell Land for a commercial plot in Dubai's Business Bay area, with a completion date of March 15, 2025, where the buyer is a foreign corporation and will require specific foreign ownership compliance provisions."

Document background
The Contract To Sell Land is a crucial legal document used in the United Arab Emirates for transferring land ownership between parties. It is essential for any land transaction in the UAE and must comply with both federal laws and specific emirate regulations. This document is typically used when selling vacant land, development plots, or land with existing structures, and can be utilized for both commercial and residential purposes. The contract includes comprehensive details about the property, parties involved, payment terms, and completion requirements, while ensuring compliance with UAE Civil Code, real estate regulations, and foreign ownership restrictions. It serves as the primary agreement governing the rights and obligations of both seller and buyer throughout the transaction process, from initial agreement through to registration with the relevant land department.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names, addresses, and documentation

2. Background: Context of the transaction and brief description of the parties' intentions

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

4. Property Details: Comprehensive description of the land including plot number, area, dimensions, and location

5. Purchase Price: Agreed purchase price and currency

6. Payment Terms: Structure and timeline of payments, including deposit and completion payment details

7. Completion: Requirements and process for completion of the sale

8. Seller's Warranties: Warranties regarding ownership, authority to sell, and property condition

9. Due Diligence: Buyer's right to conduct property investigations and related procedures

10. Title and Registration: Process for transfer of title and registration requirements

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

12. Default and Termination: Consequences of default and circumstances allowing termination

13. Notices: Process and requirements for formal communications between parties

14. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts

Optional Sections

1. Conditions Precedent: Specific conditions that must be met before completion, used when there are prerequisite requirements

2. Mortgage Details: Required if the property has an existing mortgage or if buyer requires mortgage financing

3. Property Management: Needed if the property is part of a managed development with service charges

4. Tenant Rights: Required if the property is currently leased to tenants

5. Development Obligations: Necessary if the land is subject to development requirements or restrictions

6. Environmental Matters: Required if there are environmental considerations or requirements

7. Force Majeure: Optional clause dealing with unforeseen circumstances preventing completion

8. Broker Provisions: Required if real estate brokers are involved in the transaction

Suggested Schedules

1. Property Plan: Detailed plan showing the land boundaries and dimensions

2. Title Documents: Copies of current title deed and other ownership documents

3. Payment Schedule: Detailed breakdown of payment installments and dates

4. Property Certificates: Relevant certificates including zoning and planning permissions

5. Due Diligence Documents: List of documents provided for buyer's due diligence

6. Form of Transfer: Template for the transfer document required by the land department

7. Encumbrances Schedule: Details of any existing encumbrances, easements, or restrictions

8. Development Requirements: Any specific development conditions or requirements attached to the land

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Construction

Property Development

Banking & Finance

Legal Services

Agriculture

Industrial & Manufacturing

Hospitality & Tourism

Retail

Infrastructure Development

Government & Public Sector

Relevant Teams

Legal

Real Estate

Compliance

Finance

Risk Management

Business Development

Property Management

Investment

Operations

Corporate Affairs

Project Development

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Corporate Lawyer

Real Estate Broker

Land Acquisition Manager

Development Director

Investment Manager

Property Portfolio Manager

Compliance Officer

Real Estate Transaction Manager

Chief Legal Officer

Business Development Manager

Project Manager

Risk Manager

Chief Executive Officer

Chief Financial Officer

Industries
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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