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Deed Of Assignment Property
"I need a Deed of Assignment Property for transferring ownership of my Dubai residential apartment to a foreign buyer, with completion scheduled for March 2025, including provisions for existing mortgage clearance and foreign ownership compliance."
1. Parties: Identification of the Assignor and Assignee with full legal names, addresses, and identification details as per UAE requirements
2. Background: Recitals establishing the Assignor's ownership, property background, and intention to transfer
3. Definitions: Key terms used throughout the deed, including Property, Transfer Date, Consideration, and other relevant definitions
4. Property Details: Comprehensive description of the property including plot number, area, location, and registration details as per Land Department records
5. Consideration: Details of the purchase price and payment terms, including any deposits or installments
6. Assignment: The operative clause transferring all rights, title, and interest in the property from Assignor to Assignee
7. Assignor's Warranties: Warranties regarding ownership, right to sell, absence of encumbrances, and compliance with UAE laws
8. Completion Requirements: Steps for completing the transfer, including registration requirements and Land Department procedures
9. Costs and Taxes: Allocation of registration fees, transfer fees, and other associated costs
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant emirate's courts' jurisdiction
1. Mortgage Details: Required if the property is subject to an existing mortgage or if new mortgage arrangements are being made
2. Power of Attorney: Include when either party is acting through an authorized representative
3. Property Management Handover: Required for properties with existing tenants or management arrangements
4. Service Charge Provisions: Necessary for properties in managed communities with service charge obligations
5. Foreign Ownership Declaration: Required when the Assignee is a non-UAE national, confirming compliance with foreign ownership laws
6. Condition of Property: Optional detailed section about the property's current condition and any defects
7. Post-Completion Obligations: Include when there are specific post-transfer requirements or continuing obligations
1. Schedule 1 - Property Description: Detailed technical description of the property, including floor plans and boundaries
2. Schedule 2 - Title Documents: List of all title documents and previous transfer documentation
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Schedule 4 - Property Documentation: Copies of relevant certificates, permits, and approvals
5. Schedule 5 - Inventory: List of fixtures, fittings, and any items included in the transfer
6. Appendix A - Land Department Forms: Required transfer forms and documentation for Land Department registration
7. Appendix B - Due Diligence Documents: Copies of property inspection reports, certificates, and related documentation
Authors
Assignor
Assignee
Property
Completion Date
Consideration
Completion
Transfer Date
Title Deed
Land Department
Effective Date
Encumbrances
Registration Fees
Property Documents
Warranties
Permitted Use
Related Rights
Common Areas
Service Charges
Regulatory Authority
RERA
Assignment
Business Day
Completion Requirements
Due Diligence
Governing Law
Land Registry
Material Adverse Effect
Parties
Payment Terms
Purchase Price
Registration
Security Interest
Title Documents
Transaction Documents
Unit
Utility Services
Master Developer
Property Manager
Fixtures and Fittings
Force Majeure
Handover Date
Liabilities
Maintenance Charges
Notices
Occupancy Certificate
Planning Requirements
Relevant Authority
Definitions
Property Description
Assignment
Consideration
Payment Terms
Transfer of Title
Warranties and Representations
Completion Requirements
Registration
Land Department Requirements
Property Condition
Encumbrances
Due Diligence
Handover
Service Charges
Maintenance Obligations
Taxes and Fees
Foreign Ownership Compliance
Title Documents
Risk and Insurance
Further Assurance
Notices
Force Majeure
Governing Law
Jurisdiction
Severability
Entire Agreement
Amendments
Assignment Rights
Third Party Rights
Costs
Counterparts
Language
Power of Attorney
Attestation
Real Estate
Property Development
Construction
Legal Services
Banking and Finance
Property Management
Investment and Asset Management
Real Estate Investment Trusts (REITs)
Hospitality
Commercial Property
Legal
Real Estate
Compliance
Property Management
Asset Management
Operations
Documentation
Due Diligence
Corporate Affairs
Transaction Management
Real Estate Lawyer
Property Manager
Legal Counsel
Compliance Officer
Real Estate Director
Property Development Manager
Asset Manager
Investment Manager
Real Estate Transaction Manager
Legal Documentation Specialist
Property Registration Officer
Real Estate Partner
Corporate Lawyer
Due Diligence Officer
Real Estate Operations Manager
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