Deed Of Sale Partial Payment Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Sale Partial Payment

"I need a Deed of Sale Partial Payment for a commercial warehouse in Dubai Industrial City, with 40% initial payment and remaining balance spread over 24 monthly installments, including provisions for early payment options and default remedies."

Document background
The Deed of Sale Partial Payment is a crucial legal instrument in UAE property transactions where full payment is not made upfront. This document type is commonly used in both commercial and residential property sales, particularly in situations where buyers require a structured payment plan. It must comply with UAE Civil Code (Federal Law No. 5 of 1985) and relevant property laws, ensuring proper documentation of ownership transfer and payment obligations. The deed includes comprehensive details about the property, payment schedule, warranties, and remedies, providing legal protection for both parties. This document type is especially relevant in the UAE's dynamic real estate market, where partial payment arrangements are common practice for large property transactions.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and relevant registration details

2. Background: Context of the sale, brief description of the property, and intention to enter into partial payment arrangement

3. Definitions: Key terms used throughout the deed including Property, Purchase Price, Completion Date, and Payment Schedule

4. Sale and Purchase: Core agreement to sell and purchase the property, including the total purchase price

5. Payment Terms: Detailed structure of partial payments, including initial payment and subsequent installments

6. Transfer of Title: Conditions and timing for the transfer of legal ownership

7. Seller's Warranties: Warranties regarding property ownership, condition, and absence of encumbrances

8. Buyer's Obligations: Responsibilities including making payments and completing registration

9. Default and Remedies: Consequences of payment default and available remedies

10. Registration and Costs: Responsibilities for property registration and associated costs

11. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes

Optional Sections

1. Condition of Property: Detailed description of property condition, used when selling property as-is or with specific defects

2. Third Party Rights: Required when there are existing tenants or other rights holders

3. Insurance: Insurance requirements during the payment period, particularly for high-value properties

4. Early Payment Provisions: Terms for early settlement of the remaining balance

5. Property Management: Required when buyer takes possession before full payment

6. Escrow Arrangements: Used when payments are managed through an escrow agent

7. Force Majeure: Provisions for unexpected events affecting payment schedule

Suggested Schedules

1. Property Description: Detailed legal description of the property including boundaries, area, and registration details

2. Payment Schedule: Detailed breakdown of payment amounts and due dates

3. Property Documents: List of title documents, certificates, and permits relating to the property

4. Completion Requirements: Checklist of documents and actions required for completion

5. Property Inventory: List of fixtures, fittings, and contents included in the sale

6. Form of Transfer: Template for the final transfer document to be used upon completion

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

Commercial Property

Industrial Property

Retail

Hospitality

Manufacturing

Construction

Agriculture

Warehousing and Logistics

Office Space

Relevant Teams

Legal

Real Estate

Finance

Compliance

Risk Management

Business Development

Property Management

Asset Management

Investment

Operations

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Contract Manager

Chief Financial Officer

Real Estate Agent

Property Manager

Compliance Officer

Risk Manager

Business Development Manager

Investment Manager

Asset Manager

Finance Director

Corporate Lawyer

Transaction Manager

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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