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Free Mortgage Contract
"I need a Free Mortgage Contract for a commercial property in Dubai Marina, compliant with UAE law and Sharia principles, to secure a 5-year financing facility from Emirates Islamic Bank starting March 2025."
1. Parties: Identification of the Mortgagor (property owner) and Mortgagee (beneficiary of the mortgage), including full legal names and addresses
2. Background: Context of the mortgage arrangement, including reference to any underlying facility or loan agreement
3. Definitions: Key terms used throughout the agreement, including technical and legal terminology specific to UAE mortgage law
4. Grant of Mortgage: Express creation of the mortgage right over the property in favor of the Mortgagee
5. Property Details: Comprehensive description of the mortgaged property, including all relevant title and registration details
6. Secured Obligations: Description of the obligations secured by the mortgage, including principal amounts and other secured liabilities
7. Mortgagor's Representations and Warranties: Statements about property ownership, authority to grant mortgage, and absence of encumbrances
8. Mortgagor's Covenants: Ongoing obligations regarding property maintenance, insurance, and restrictions on disposal
9. Events of Default: Circumstances that trigger enforcement rights under the mortgage
10. Enforcement Rights: Mortgagee's rights and remedies upon default, compliant with UAE law
11. Registration and Notices: Requirements for registration of the mortgage and service of notices
12. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction of UAE courts
1. Islamic Finance Compliance: Required when the mortgage needs to comply with Sharia principles, including relevant scholars' approvals
2. Insurance Requirements: Detailed insurance obligations when specific insurance coverage is required beyond standard provisions
3. Property Management: Required for commercial properties or when specific management obligations need to be imposed
4. Assignment and Transfer: Include when the parties want to specifically address mortgage transfer rights
5. Further Assurance: Additional provisions for future actions to perfect or protect the mortgage
6. Power of Attorney: Required when the Mortgagee needs specific powers to act on behalf of the Mortgagor
7. Costs and Expenses: Detailed provisions on transaction costs when these need to be specifically allocated
1. Property Description Schedule: Detailed technical description of the property, including plans, measurements, and boundaries
2. Title Documents: Copies of relevant title documents and registration certificates
3. Form of Notices: Standard forms for various notices required under the agreement
4. Insurance Requirements: Detailed specifications of required insurance coverage
5. Registration Requirements: Specific requirements and forms for mortgage registration with relevant authorities
6. Existing Encumbrances: Details of any permitted existing encumbrances on the property
7. Power of Attorney Form: Form of power of attorney if required for registration or enforcement
Authors
Default Event
Default Interest
Effective Date
Enforcement Notice
Facility Agreement
Land Department
Legal Charges
Mortgage
Mortgage Amount
Mortgaged Property
Mortgagee
Mortgagor
Outstanding Amount
Parties
Permitted Encumbrances
Property Title Deed
Registration Authority
Secured Obligations
Security Interest
Security Period
Title Documents
Transfer
UAE Dirham
Interpretation
Grant of Mortgage
Security Creation
Property Description
Secured Obligations
Registration Requirements
Representations and Warranties
Mortgagor Covenants
Insurance
Property Maintenance
Events of Default
Enforcement Rights
Remedies
Assignment
Notices
Costs and Expenses
Indemnification
Further Assurance
Severability
Amendments
Entire Agreement
Counterparts
Governing Law
Jurisdiction
Waiver
Confidentiality
Force Majeure
Compliance with Laws
Islamic Finance Compliance
Banking & Finance
Real Estate
Construction
Legal Services
Islamic Finance
Property Development
Commercial Property
Residential Property
Investment & Asset Management
Insurance
Legal
Real Estate
Finance
Compliance
Risk Management
Property Management
Islamic Banking
Corporate Banking
Operations
Document Management
Legal Counsel
Property Lawyer
Real Estate Manager
Mortgage Officer
Banking Executive
Compliance Officer
Property Registration Officer
Real Estate Finance Manager
Islamic Banking Officer
Risk Manager
Property Portfolio Manager
Financial Director
Chief Legal Officer
Real Estate Partner
Find the exact document you need
Mortgage Contract
A UAE-governed agreement creating a security interest over real property while allowing the mortgagor to retain possession, compliant with UAE federal and emirate-specific laws.
Land Mortgage Agreement
UAE-governed agreement creating a security interest over real property, establishing mortgage terms and conditions in compliance with UAE federal and local laws.
Mortgage Lease Agreement
A UAE-governed agreement combining mortgage financing and property leasing arrangements, compliant with UAE federal and emirate-specific property laws.
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