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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."
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
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
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
Applicable Laws
Business Day
Completion
Completion Date
Conditions Precedent
Consideration
Deposit
Effective Date
Encumbrances
Force Majeure
Land
Land Department
Municipality
Notice
Parent Title
Parties
Payment Schedule
Permits
Plot
Property
Purchase Price
Registration Fees
Relevant Authority
Seller's Warranties
Service Charges
Title Deed
Transfer
Transfer Date
UAE
Utilities
VAT
Working Hours
Zoning Requirements
Development Requirements
Due Diligence Period
Master Plan
Material Adverse Change
Permitted Use
Property Documents
Property Description
Purchase Price
Payment Terms
Deposit
Title and Ownership
Due Diligence
Conditions Precedent
Completion
Registration
Warranties and Representations
Seller Obligations
Buyer Obligations
Property Inspection
Risk and Insurance
Default
Termination
Force Majeure
Costs and Taxes
Notices
Assignment
Entire Agreement
Amendments
Severability
Waiver
Confidentiality
Dispute Resolution
Governing Law
Jurisdiction
Broker Provisions
Environmental Matters
Development Rights
Encumbrances
Third Party Rights
Survival
Time of Essence
Further Assurance
Legal Compliance
Anti-Money Laundering
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Agriculture
Industrial & Manufacturing
Hospitality & Tourism
Retail
Infrastructure Development
Government & Public Sector
Legal
Real Estate
Compliance
Finance
Risk Management
Business Development
Property Management
Investment
Operations
Corporate Affairs
Project Development
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
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