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Real Estate Settlement Agreement
"I need a Real Estate Settlement Agreement for a commercial property dispute in Dubai, UAE, involving a partial refund of the purchase price and mutual release of claims between the developer and buyer, with completion scheduled for March 2025."
1. Parties: Detailed identification of all parties involved in the settlement, including full legal names, addresses, and any registration numbers
2. Background: Context of the settlement, including history of the property transaction, any disputes or issues leading to the settlement
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and legal concepts
4. Settlement Terms: Core terms of the settlement including financial arrangements, mutual releases, and obligations
5. Property Details: Comprehensive description of the property including location, size, and registration details
6. Payment Terms: Details of all financial settlements, payment schedules, and payment methods
7. Property Handover: Process and timeline for transferring possession of the property
8. Registration and Transfer: Requirements and procedures for legal registration of the property transfer
9. Representations and Warranties: Statements of fact and assurances from all parties regarding the property and settlement
10. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
11. Execution: Signing requirements and execution formalities as per UAE law
1. Dispute Resolution: Detailed procedures for resolving future disputes, including mediation and arbitration - include when there's history of disputes
2. Third Party Claims: Provisions dealing with potential third-party claims - include when there are known potential claims
3. Tenant Provisions: Terms relating to existing tenants - include when property is currently leased
4. Mortgage and Encumbrances: Provisions dealing with existing mortgages or liens - include when property is mortgaged
5. Condition of Property: Detailed provisions about property condition and any required repairs - include when property condition is disputed
6. Tax Implications: Provisions addressing tax consequences - include when significant tax implications exist
7. Confidentiality: Terms regarding confidentiality of settlement terms - include when parties require privacy
8. Insurance: Provisions regarding property insurance during transition - include when handover period is extended
1. Property Description Schedule: Detailed technical description of the property including plans and specifications
2. Payment Schedule: Detailed breakdown of payment terms, installments, and due dates
3. Title Documents: Copies of relevant title documents and registration certificates
4. Existing Encumbrances: List of all existing mortgages, liens, or other encumbrances
5. Handover Checklist: Detailed list of items to be checked during property handover
6. Property Condition Report: Current condition assessment of the property with photographs
7. Outstanding Obligations: List of any outstanding obligations or payments related to the property
8. Required Permits: Copies of all relevant permits and approvals
Authors
Property
Settlement Amount
Completion Date
Transfer Date
Purchase Price
Title Deed
Deposit
Effective Date
Encumbrance
Handover Date
Land Department
Outstanding Payment
Party
Property Registration
Settlement Payment
Transfer Fee
Earnest Money
Escrow Account
Vacant Possession
Completion Certificate
Property Title
Governing Law
Registration Fee
Settlement Terms
Execution Date
Business Day
Default Interest
Property Manager
Maintenance Charges
Service Charges
Utilities
Broker
Due Diligence
Clearance Certificate
Defects
Mutual Release
Handover Protocol
Registration Authority
Building
Common Areas
Development
Master Community
Unit
Definitions
Settlement Terms
Property Transfer
Payment Terms
Property Registration
Representations and Warranties
Handover
Title and Ownership
Encumbrances
Due Diligence
Mutual Release
Indemnification
Confidentiality
Force Majeure
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Notices
Assignment
Costs and Expenses
Further Assurance
Property Condition
Compliance
Insurance
Third Party Rights
Waiver
Counterparts
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Property Management
Investment & Asset Management
Hospitality
Retail
Commercial Property
Legal
Real Estate
Compliance
Risk Management
Property Management
Operations
Finance
Investment
Corporate Affairs
Facilities Management
Legal Counsel
Real Estate Manager
Property Development Director
Compliance Officer
Contract Manager
Real Estate Investment Manager
Property Transaction Specialist
Settlement Officer
Legal Director
Real Estate Operations Manager
Risk Manager
Chief Legal Officer
Property Portfolio Manager
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