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Seller Contract For House

Seller Contract For House Template for United Arab Emirates

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Key Requirements PROMPT example:

Seller Contract For House

"I need a Seller Contract For House for my 3-bedroom villa in Dubai Marina, with completion scheduled for March 2025; the property is mortgage-free and I want to include standard UAE property transfer terms and warranties."

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Document background
The Seller Contract For House is a crucial legal document used in the United Arab Emirates real estate market for residential property sales transactions. This document is essential when transferring ownership of residential property and must comply with UAE federal laws and emirate-specific regulations. The contract includes detailed provisions covering property specifications, payment terms, warranties, and completion requirements, while ensuring compliance with UAE property laws and RERA regulations. It serves as the primary agreement between parties and forms the basis for property registration with relevant authorities. The document is particularly important in the UAE context where property transactions must follow strict regulatory requirements and documentation standards.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, Emirates ID numbers, and contact details

2. Background: Brief context of the sale, including property overview and intention to sell/purchase

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

4. Property Details: Comprehensive description of the property including title deed number, plot number, and exact location

5. Purchase Price: Agreed purchase price and payment structure, including deposit and balance payment terms

6. Payment Terms: Detailed payment schedule, method of payment, and bank account details

7. Completion Requirements: Conditions to be met before completion, including documentation and regulatory requirements

8. Seller's Warranties: Warranties regarding property ownership, absence of disputes, and property condition

9. Buyer's Obligations: Requirements for the buyer including payment, documentation, and regulatory compliance

10. Property Handover: Process and timing for physical handover of the property

11. Registration and Transfer: Procedures for property registration with relevant authorities

12. Costs and Fees: Allocation of transaction costs, registration fees, and broker commissions

13. Termination: Circumstances under which the agreement can be terminated and consequences

14. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes

15. Notices: Process for formal communications between parties

Optional Sections

1. Mortgage Status: Required if the property has an existing mortgage that needs to be cleared

2. Tenant Rights: Required if the property is currently tenanted with existing lease agreements

3. Furniture and Fixtures: Include when sale includes specific furniture or fixtures

4. Maintenance Contracts: Required if there are ongoing maintenance contracts to be transferred

5. Service Charge Settlement: For properties in managed communities with outstanding service charges

6. Broker Arrangements: Required if real estate brokers are involved in the transaction

7. Defect Liability: For new properties or those with known defects requiring attention

8. Power of Attorney: Required if either party is acting through an authorized representative

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property specification, floor plans, and area calculation

2. Schedule 2 - Title Documents: Copies of title deed and other ownership documents

3. Schedule 3 - Payment Schedule: Detailed breakdown of payment installments and due dates

4. Schedule 4 - Property Condition Report: Current condition assessment and any agreed repairs

5. Schedule 5 - Included Items: List of fixtures, fittings, and furniture included in the sale

6. Appendix A - Required Documents: Checklist of documents required from both parties

7. Appendix B - Handover Protocol: Detailed procedure for property inspection and handover

8. Appendix C - Regulatory Forms: Standard forms required by UAE authorities for property transfer

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Deposit
Title Deed
Seller
Buyer
Business Day
Completion
Emirates ID
Land Department
RERA
Property Registration Fee
Transfer Date
Handover Date
Maintenance Charges
Service Charges
Title Documents
Broker
Notary Public
Payment Schedule
Completion Notice
Property Law
Escrow Account
Registration Certificate
Warranty Period
Defects
Common Areas
Fixtures
Handover Protocol
Due Diligence Period
Termination Notice
Force Majeure
Governing Law
Jurisdiction
Purchase Agreement
Signing Date
Transfer Fee
Valuation Report
Clauses
Property Description
Sale and Purchase
Purchase Price
Payment Terms
Title Transfer
Warranties
Property Inspection
Completion
Handover
Registration
Representations
Deposit
Due Diligence
Conditions Precedent
Property Condition
Risk and Insurance
Default
Termination
Force Majeure
Notices
Assignment
Entire Agreement
Severability
Costs and Expenses
Governing Law
Dispute Resolution
Confidentiality
Further Assurance
Compliance
Documentation
Property Rights
Maintenance
Service Charges
Broker Commission
Authority
Indemnification
Relevant Industries

Real Estate

Legal Services

Banking and Finance

Property Development

Construction

Property Management

Insurance

Professional Services

Relevant Teams

Legal

Real Estate Operations

Sales

Compliance

Property Management

Contract Administration

Risk Management

Customer Relations

Documentation

Transaction Processing

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Sales Manager

Compliance Officer

Contract Manager

Real Estate Development Manager

Property Registration Officer

Transaction Coordinator

Real Estate Operations Manager

Legal Document Specialist

Property Sales Executive

Real Estate Portfolio Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Governs general contractual principles, obligations, and rights of parties in contracts, including property sales
UAE Property Law (Law No. 27 of 2007): Regulates property ownership, registration procedures, and real estate transactions in the UAE
Real Estate Regulatory Agency (RERA) Regulations: Specific regulations governing real estate transactions, broker responsibilities, and property transfer procedures
UAE Registration Law (Law No. 13 of 2008): Covers property registration requirements and procedures for real estate transactions
Escrow Law (Law No. 8 of 2007): Regulates escrow accounts and payment procedures in real estate transactions
Federal Law No. 5 of 1987 (UAE Penal Code): Relevant sections pertaining to fraud and misrepresentation in property transactions
Dubai Land Department (DLD) Regulations: Specific requirements for property transfer, documentation, and fees in Dubai emirate
Anti-Money Laundering Laws: Regulations concerning verification of funds sources and compliance in real estate transactions
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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