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Title Transfer Agreement

Title Transfer Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Title Transfer Agreement

I need a Title Transfer Agreement for a commercial warehouse property in Dubai Industrial City, transferring from my company to a foreign investor, with completion scheduled for March 2025 and including specific provisions for existing tenant rights.

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Document background
The Title Transfer Agreement is a crucial legal document used in the United Arab Emirates for transferring ownership rights in real property. It is essential for any property transaction in the UAE, whether residential, commercial, or industrial. The document must comply with UAE Civil Code (Federal Law No. 5 of 1985) and relevant emirate-specific property laws. This agreement is particularly important given the UAE's strict requirements for property registration and transfer, including specific considerations for foreign ownership in designated areas. The Title Transfer Agreement includes comprehensive details about the property, parties involved, consideration, warranties, and completion requirements. It serves as the foundation for property registration with relevant authorities and is often required by financial institutions, government departments, and real estate regulatory authorities.
Suggested Sections

1. Parties: Identification of the Transferor and Transferee, including full legal names, addresses, and registration details if companies

2. Background: Context of the transfer, including current ownership status and reason for transfer

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property being transferred, including location, size, and registration details

5. Consideration: Details of the transfer price and payment terms

6. Transfer of Title: Express provisions regarding the transfer of title, timing, and registration requirements

7. Representations and Warranties: Transferor's warranties regarding ownership, encumbrances, and property condition

8. Completion: Requirements and procedures for completion of the transfer, including registration requirements

9. Costs and Taxes: Allocation of transfer fees, registration costs, and applicable taxes

10. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Mortgage Details: Required if the property is subject to any existing mortgage that needs to be discharged

2. Third Party Rights: Needed if there are any tenants, easements, or other third-party interests affecting the property

3. Foreign Ownership Compliance: Required for transfers involving non-UAE nationals, addressing compliance with foreign ownership restrictions

4. Condition of Property: Detailed section about property condition if being transferred 'as is' or with specific conditions

5. Power of Attorney: Required if any party is acting through an attorney

6. Due Diligence: Optional section detailing the due diligence process and findings if relevant

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property, including plans and measurements

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

3. Property Registration Details: Current registration information from the relevant land department

4. Payment Schedule: If payment is to be made in installments or subject to conditions

5. Encumbrances Schedule: List of any existing encumbrances, easements, or restrictions on the property

6. Completion Requirements: Checklist of documents and actions required for completion

7. Authorization Documents: Corporate or power of attorney documents proving authority to 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
Title Deed
Transfer Date
Completion Date
Purchase Price
Deposit
Completion Payment
Transferor
Transferee
Land Department
Registration Fee
Encumbrances
Title Documents
Completion Documents
Due Diligence Period
Business Day
Relevant Authority
Permitted Use
Transfer Procedures
Property Law
Registration Requirements
Effective Date
Force Majeure
Consideration
Material Adverse Change
Outstanding Charges
Property Rights
Service Charges
Utility Services
Warranties
Working Hours
RERA
Municipality
Developer
Master Developer
Common Areas
Escrow Account
Property Manager
Applicable Laws
Clauses
Title Transfer
Property Description
Consideration
Payment Terms
Registration Requirements
Warranties and Representations
Condition of Property
Due Diligence
Completion
Post-Completion Obligations
Encumbrances
Foreign Ownership
Third Party Rights
Property Inspection
Title Documentation
Risk and Insurance
Taxes and Fees
Default
Termination
Force Majeure
Notices
Assignment
Entire Agreement
Severability
Amendments
Governing Law
Jurisdiction
Language
Confidentiality
Further Assurance
Costs
Indemnification
Dispute Resolution
Waiver
Time of Essence
Relevant Industries

Real Estate

Construction

Banking & Finance

Commercial Property

Residential Property

Industrial

Hospitality

Retail

Manufacturing

Logistics

Healthcare

Education

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Facilities Management

Operations

Investment

Development

Administration

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Contract Manager

Property Developer

Real Estate Director

Compliance Officer

Real Estate Agent

Property Administrator

Legal Director

Transaction Manager

Asset Manager

Facilities Manager

Investment Manager

Development Director

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Primary legislation governing property rights, ownership, and transfer of property. Articles 1304-1320 specifically deal with transfer of ownership and registration requirements.
UAE Federal Law No. 8 of 2004: Concerning Financial Free Zones, relevant for property transfers within special economic zones which may have different regulations.
Dubai Law No. 7 of 2006: Regarding land registration in Dubai, sets out the framework for property registration and transfer procedures in Dubai emirate.
Abu Dhabi Law No. 3 of 2005: Concerning property registration in Abu Dhabi, establishes requirements for property transfers in Abu Dhabi emirate.
Federal Law No. 17 of 2004: Regarding Real Property Registration, provides federal framework for property registration procedures.
UAE Foreign Ownership Law: Regulates foreign ownership of real estate in various emirates and designated areas.
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Relevant for commercial property transfers and business-related title transfers.
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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