Document background
The Earnest Money Agreement is a crucial document in Qatar's real estate transaction process, used when a potential buyer wishes to demonstrate serious intent to purchase property by providing a deposit. This document is essential in the period between initial property selection and final purchase completion, typically representing 5-10% of the purchase price. Under Qatar law, particularly the Civil Code and Real Estate Registration Law, this agreement provides legal protection for both parties by clearly defining the terms of the deposit, conditions for its return or forfeiture, and the timeline for completing the full transaction. The agreement must comply with local regulations and Sharia principles, making it particularly important to include specific provisions required by Qatar's legal framework.
