Pre Sale Agreement Template for Qatar

The Pre-Sale Agreement is a fundamental document in Qatar's real estate sector, particularly vital in the context of the country's rapidly developing property market and large-scale development projects. It is used when a buyer commits to purchasing a property that is either under construction or planned for construction, setting out the terms of sale, payment schedule, and delivery conditions. The agreement must comply with Qatar's comprehensive legal framework, including Law No. 22 of 2004 (Civil Code) and Law No. 6 of 2014 (Real Estate Development Law), which provide specific requirements for off-plan sales and developer obligations. This document is essential for protecting both buyer and seller interests, incorporating provisions for escrow accounts, construction specifications, completion timelines, and property registration procedures under Qatari law.

1. Parties: Identification of the seller/developer and buyer with full legal names, addresses, and Qatar ID/CR numbers

2. Background: Context of the transaction, including property development status and purpose of the agreement

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Property Description: Detailed description of the property including location, size, and specifications

5. Purchase Price: Total purchase price, payment schedule, and payment methods in compliance with Qatari regulations

6. Payment Terms: Detailed breakdown of payment installments, due dates, and payment conditions

7. Completion and Handover: Expected completion date, handover process, and associated conditions

8. Seller's Obligations: Developer/seller's commitments including construction quality, timeframes, and warranties

9. Buyer's Obligations: Buyer's responsibilities including payments, documentation, and compliance requirements

10. Title and Registration: Process for property registration and transfer of ownership under Qatar law

11. Default and Remedies: Consequences of default by either party and available remedies

12. Governing Law and Jurisdiction: Confirmation of Qatar law application and jurisdiction for disputes

13. Notices: Process for formal communications between parties

14. Force Majeure: Provisions for unforeseen circumstances affecting contract performance