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Home Contract Agreement
I need a Home Contract Agreement for a 3-bedroom villa in Dubai Marina, with completion date set for March 15, 2025, including provisions for mortgage financing and post-handover payment plan over 3 years.
1. Parties: Identification of all parties involved, including full legal names, Emirates ID numbers, and contact details of the seller/landlord and buyer/tenant
2. Background: Context of the agreement, including brief property description and purpose of the contract
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, size, type, and registration details with the land department
5. Purchase Price/Rent: Detailed breakdown of the purchase price or rent amount, payment schedule, and payment methods
6. Payment Terms: Specific terms regarding payment, including installment details, security deposits, and any additional fees
7. Completion Date: Timeline for completion of the sale/tenancy and handover of the property
8. Warranties and Representations: Warranties from both parties regarding their capacity to enter into the agreement and property condition
9. Obligations: Detailed responsibilities of each party before, during, and after the transaction
10. Default and Remedies: Consequences of breach and available remedies for each party
11. Termination: Circumstances under which the agreement can be terminated and the process for termination
12. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts for dispute resolution
13. Notices: Process and requirements for serving formal notices between parties
14. Entire Agreement: Confirmation that this document represents the complete agreement between parties
1. Mortgage Provisions: Include when the property purchase involves mortgage financing, detailing lender requirements and mortgage terms
2. Construction Completion: Include for off-plan properties, detailing construction milestones and completion guarantees
3. Maintenance Terms: Include for rental agreements or when specific maintenance responsibilities need to be allocated
4. Property Management: Include when a property management company is involved in managing the property
5. Furniture and Fittings: Include when the property is sold/rented furnished, with detailed inventory
6. Common Area Provisions: Include for properties in shared developments, detailing rights and responsibilities regarding common areas
7. Utilities Transfer: Include specific provisions for transfer of utility accounts and deposits
8. Broker Provisions: Include when real estate brokers are involved, detailing commission arrangements
1. Property Title Deed: Copy of the official property title deed or Oqood for off-plan properties
2. Property Floor Plan: Detailed floor plan showing property layout and dimensions
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Inventory List: Detailed list of included furniture, appliances, and fittings (if applicable)
5. Property Photographs: Documentation of property condition at time of agreement
6. Facility Services: Details of building facilities and services included
7. Building Rules: Copy of building rules and regulations if in a managed development
8. RERA Approvals: Copies of relevant RERA permits and approvals
Authors
Property
Title Deed
Purchase Price
Completion Date
Deposit
Seller
Buyer
Premises
Common Areas
RERA
Land Department
Maintenance Charges
Service Charges
Completion Notice
Handover Date
Payment Schedule
Registration Fee
Transfer Date
Force Majeure
Business Day
Defect
Emirates ID
Governing Law
Fixtures
Building
Unit Number
Plot Number
Municipality
Broker
Security Deposit
Mortgage
Sale Registration
Notice Period
Maintenance Services
Property Manager
Utility Services
Building Rules
Developer
Signing Date
Vacant Possession
Default Notice
Interest Rate
Oqood
Occupation Permit
Sale and Purchase
Payment Terms
Title and Ownership
Property Registration
Warranties and Representations
Due Diligence
Condition of Property
Handover
Completion
Default and Remedies
Force Majeure
Assignment
Entire Agreement
Notices
Dispute Resolution
Governing Law
Severability
Property Inspection
Insurance
Maintenance
Utilities
Building Rules
Common Areas
Security Deposit
Registration Requirements
Transfer of Rights
Regulatory Compliance
Property Access
Possession
Title Transfer
Termination
Amendment
Indemnification
Construction Quality
Environmental Compliance
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Property Management
Insurance
Facilities Management
Real Estate Investment
Residential Property
Legal
Real Estate Operations
Property Management
Sales
Compliance
Documentation
Customer Service
Asset Management
Contract Administration
Risk Management
Real Estate Agent
Property Manager
Legal Counsel
Contract Manager
Property Developer
Real Estate Investment Manager
Compliance Officer
Real Estate Transaction Specialist
Housing Officer
Property Sales Manager
Leasing Manager
Real Estate Operations Manager
Legal Director
Real Estate Portfolio Manager
Property Documentation Specialist
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