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Contract To Sell Property
I need a Contract To Sell Property for a residential villa in Dubai Marina, with a foreign corporate buyer and a three-installment payment plan completing by March 2025, including specific provisions for corporate ownership registration.
1. Parties: Identification of the seller and buyer with full legal names, Emirates ID numbers, and contact details
2. Background: Context of the sale, brief description of the property, and intention of the parties to enter into the sale transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including location, size, title deed number, and registration details
5. Purchase Price: Agreed purchase price and payment structure including deposit and completion payment details
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default
7. Completion: Conditions for completion, timeline, and procedures for transfer of ownership
8. Seller's Obligations: Responsibilities of the seller including providing clear title and necessary documentation
9. Buyer's Obligations: Responsibilities of the buyer including payment and compliance with registration requirements
10. Warranties and Representations: Warranties from both parties regarding capacity, authority, and property condition
11. Transfer of Ownership: Process and requirements for legal transfer of the property
12. Costs and Fees: Allocation of transaction costs, registration fees, and broker commissions
13. Default and Termination: Consequences of breach and conditions for termination
14. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
1. Foreign Ownership Compliance: Required when buyer is a foreign national, addressing specific requirements and restrictions
2. Mortgage Details: Required when the property is mortgaged or buyer requires mortgage financing
3. Property Management Handover: Required for properties in managed communities or buildings
4. Condition Precedents: Required when completion is subject to specific conditions being met
5. Broker Arrangements: Required when real estate brokers are involved in the transaction
6. Vacant Possession: Required when the property is currently occupied and timing of vacancy needs to be specified
7. Service Charge Settlements: Required for properties in communities with service charges
8. Furniture and Fixtures: Required when sale includes specific furniture or fixtures
1. Property Details Schedule: Detailed technical description of the property including floor plans and specifications
2. Title Documents: Copies of title deed and other ownership documents
3. Payment Schedule: Detailed breakdown of payment installments and dates
4. Property Condition Report: Current condition of the property and any existing defects
5. Inventory List: List of included fixtures, fittings, and furniture if applicable
6. Service Charge Statement: Current status of service charges and maintenance fees
7. RERA Approvals: Necessary regulatory approvals and certificates
8. Property Documents: Building completion certificate, floor plans, and other technical documents
Authors
Property
Purchase Price
Completion Date
Deposit
Title Deed
Registration Fee
Transfer Date
Completion Notice
Seller
Buyer
Business Day
Land Department
RERA
Completion Payment
Property Registration
Due Diligence
Encumbrance
Force Majeure
Governing Law
Transfer Fee
Maintenance Charges
Property Manager
Service Charges
Title Certificate
Vacant Possession
Warranties
Notary Public
Default Notice
Emirates ID
Escrow Account
Broker
Building
Common Areas
Fixtures
Intellectual Property
Material Adverse Change
Mortgage
Payment Schedule
Permitted Use
Purchase Documents
Security Deposit
Unit
Purchase Price
Payment Terms
Deposit
Title Transfer
Warranties
Representations
Due Diligence
Completion
Default
Termination
Force Majeure
Governing Law
Dispute Resolution
Registration
Notices
Assignment
Entire Agreement
Severability
Further Assurance
Costs
Confidentiality
Property Condition
Encumbrances
Possession
Insurance
Maintenance
Service Charges
Broker Commission
Anti-Money Laundering
Foreign Ownership
Escrow
Property Registration
Amendments
Waiver
Indemnification
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Property Management
Investment & Asset Management
Hospitality
Retail
Commercial Property
Residential Property
Legal
Real Estate
Compliance
Sales
Business Development
Property Management
Investment
Finance
Risk Management
Operations
Documentation
Real Estate Manager
Property Lawyer
Legal Counsel
Property Developer
Real Estate Broker
Compliance Officer
Real Estate Investment Manager
Property Valuation Specialist
Contract Manager
Real Estate Director
Chief Legal Officer
Property Portfolio Manager
Real Estate Transactions Specialist
Asset Manager
Sales Director
Business Development Manager
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