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Land Exchange Agreement
"Need a Land Exchange Agreement for swapping a 5,000 square meter industrial plot in Dubai Industrial City with a similarly-sized commercial plot in JAFZA, with completion planned for March 2025 and including provisions for existing tenant transfers."
1. Parties: Identification of all parties involved in the exchange, including full legal names, addresses, and registration details
2. Background: Context of the exchange, including brief description of properties and parties' ownership status
3. Definitions: Key terms used throughout the agreement, including property-specific terminology
4. Properties Description: Detailed description of both properties being exchanged, including exact locations, dimensions, and current usage
5. Exchange Terms: Core terms of the exchange, including any monetary considerations or equalizing payments
6. Completion Requirements: Conditions precedent and subsequent, including registration requirements and documentation
7. Representations and Warranties: Parties' declarations regarding ownership, authority to exchange, and property condition
8. Registration and Transfer: Process and requirements for registering the exchange with relevant authorities
9. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
10. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
1. Valuation Mechanism: Used when properties have different values and compensation calculations are needed
2. Due Diligence: Include when parties require specific investigation periods or conditions
3. Environmental Matters: Required when properties have environmental considerations or compliance requirements
4. Existing Tenancies: Include when properties have current tenants or occupancy agreements
5. Development Obligations: Used when future development requirements or restrictions apply to either property
6. Mortgages and Encumbrances: Include when dealing with properties subject to existing charges or restrictions
7. Third Party Rights: Required when properties have easements or other third-party interests
8. Post-Completion Obligations: Include when parties have ongoing responsibilities after the exchange
1. Property Plans: Detailed plans and surveys of both properties being exchanged
2. Title Documents: Copies of current title deeds and ownership certificates
3. Property Specifications: Detailed technical specifications of both properties
4. Encumbrances Schedule: List of all registered charges, easements, or restrictions on both properties
5. Completion Requirements Checklist: List of documents and actions required for completion
6. Form of Transfer Instruments: Templates of necessary transfer documents for local land department
7. Environmental Reports: If applicable, environmental assessment reports for both properties
8. Valuation Reports: Independent valuation reports for both properties
Authors
Applicable Laws
Business Day
Completion
Completion Date
Consideration
Encumbrances
Exchange Property 1
Exchange Property 2
Effective Date
Environmental Laws
First Party
Force Majeure
Governing Law
Land Department
Legal Title
Liabilities
Long Stop Date
Material Adverse Effect
Municipality
Parties
Permitted Use
Plans
Property Documents
Property Rights
Registration Fees
Relevant Authority
Second Party
Site
Specifications
Title Deed
Transfer Date
Valuation Report
Working Hours
Zoning Requirements
Plot Number
Master Community
Service Charges
Due Diligence Period
Utilities
Common Areas
Development Control Regulations
Building Permit
Affection Plan
NOC
TOPO Survey
Mulkiya
Recitals
Definitions
Exchange Terms
Property Description
Consideration
Title and Ownership
Representations and Warranties
Conditions Precedent
Completion Obligations
Registration Requirements
Due Diligence
Property Handover
Valuation
Costs and Taxes
Environmental Compliance
Existing Tenancies
Encumbrances
Third Party Rights
Indemnification
Force Majeure
Termination
Dispute Resolution
Governing Law
Notices
Assignment
Entire Agreement
Severability
Amendments
Confidentiality
Language
Counterparts
Real Estate
Construction
Property Development
Government and Public Sector
Infrastructure
Commercial Property
Industrial
Agriculture
Hospitality
Urban Development
Legal
Real Estate
Property Management
Development
Compliance
Government Relations
Asset Management
Investment
Facilities
Urban Planning
Real Estate Director
Property Manager
Legal Counsel
Development Manager
Land Surveyor
Property Valuer
Compliance Officer
Real Estate Transaction Manager
Urban Planning Director
Asset Manager
Chief Investment Officer
Real Estate Portfolio Manager
Development Director
General Counsel
Government Relations Manager
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