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Land Installment Agreement
I need a Land Installment Agreement for a commercial property in Dubai Marina, with quarterly payments over 3 years starting March 2025, including specific provisions for early payment options and maintenance responsibilities during the installment period.
1. Parties: Identification of the seller and purchaser with full legal names and details as per UAE requirements
2. Background: Context of the transaction including brief property description and intention for installment purchase
3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Installments, Completion Date
4. Property Details: Comprehensive legal description of the property including title deed number, plot details, and registered area
5. Purchase Price and Payment Terms: Total purchase price, down payment, number of installments, payment amounts and due dates
6. Transfer of Title: Conditions for final transfer of title and interim rights of the purchaser
7. Seller's Warranties: Warranties regarding property ownership, encumbrances, and legal status
8. Purchaser's Obligations: Responsibilities including payments, maintenance, insurance, and compliance with laws
9. Default and Remedies: Consequences of default, cure periods, and available remedies for both parties
10. Registration and Transfer Costs: Allocation of registration fees, transfer fees, and other associated costs
11. Notices: Process and requirements for formal communications between parties
12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
13. Execution: Signature blocks and execution requirements as per UAE law
1. Mortgage Provisions: Required when the property has an existing mortgage or if purchaser intends to mortgage their interest
2. Developer Requirements: Needed for properties within master communities or subject to developer regulations
3. Property Management: Include when specific arrangements for property management during the installment period are needed
4. Insurance Requirements: Detailed insurance obligations when specific coverage is required beyond standard terms
5. Early Payment Provisions: Include when parties agree to terms for early payment of installments
6. Third Party Rights: Required when there are existing tenants or other third-party interests in the property
7. Force Majeure: Optional expanded provisions for unforeseen circumstances affecting performance
1. Schedule 1 - Property Details: Detailed property specifications, plans, and boundaries
2. Schedule 2 - Payment Schedule: Detailed breakdown of all installment payments with specific dates
3. Schedule 3 - Title Documents: Copies of relevant title documents and certificates
4. Schedule 4 - Property Condition Report: Current condition of the property and any existing defects
5. Schedule 5 - Handover Protocol: Procedures and requirements for property handover
6. Appendix A - Required Documents: List of documents required from both parties for completion
7. Appendix B - Property Rules: Applicable community rules or property usage guidelines
Authors
Property
Purchase Price
Down Payment
Installment Payment
Payment Date
Completion Date
Default Interest
Due Diligence Period
Encumbrance
Final Transfer
Handover Date
Land Department
Municipality
Payment Schedule
Possession Date
Property Title
Purchase Application
Registration Fee
Sale Agreement
Service Charge
Title Deed
Transfer Date
Reservation Agreement
Seller
Purchaser
Business Day
Completion Notice
Default Notice
Developer
Master Community
Master Developer
Permitted Use
Property Law
Registration
Unit
Utility Services
Warranties
Purchase Price
Payment Terms
Title Transfer
Property Registration
Representations and Warranties
Default and Remedies
Possession
Insurance
Property Maintenance
Assignment
Force Majeure
Termination
Dispute Resolution
Notices
Governing Law
Entire Agreement
Severability
Amendment
Costs and Fees
Property Inspection
Due Diligence
Compliance with Laws
Registration Requirements
Third Party Rights
Indemnification
Survival
Waiver
Further Assurance
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Property Management
Investment & Asset Management
Urban Development
Residential Property
Commercial Property
Legal
Real Estate
Compliance
Sales
Property Management
Contract Administration
Risk Management
Business Development
Investment
Operations
Real Estate Manager
Property Developer
Legal Counsel
Contract Manager
Real Estate Agent
Property Manager
Compliance Officer
Real Estate Director
Sales Manager
Investment Manager
Development Manager
Legal Director
Property Consultant
Transaction Manager
Risk Manager
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