Real Estate Buy And Sell Agreement Template for Qatar

The Real Estate Buy And Sell Agreement is a crucial legal document used in Qatar for property transactions between buyers and sellers. It serves as the primary instrument for transferring real estate ownership and must comply with Qatar's Civil Code, Property Registration Law, and, where applicable, the Foreign Ownership Law (Law No. 16 of 2018). This agreement is essential for both residential and commercial property transactions, incorporating all necessary elements required by Qatari law, including proper party identification, property details, payment terms, and registration requirements. The document is designed to protect both parties' interests while ensuring compliance with local regulations, particularly important given Qatar's specific requirements for property registration and restrictions on foreign ownership in certain areas.

1. Parties: Full legal identification of the seller and buyer, including QID numbers for Qatari nationals or passport details for foreigners, and full contact information

2. Background: Context of the transaction, including brief property history and current ownership status

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

4. Property Details: Comprehensive description of the property including location, size, boundaries, and registration details as per the title deed

5. Purchase Price: Agreed purchase price, payment structure, and payment methods

6. Payment Terms: Detailed schedule of payments, including deposit, installments if any, and final payment arrangements

7. Completion: Process and requirements for completing the sale, including registration requirements and transfer procedures

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with laws

9. Buyer's Obligations: Responsibilities of the buyer including payment obligations and documentation requirements

10. Property Registration: Process and requirements for transferring property registration at the Real Estate Registration Department

11. Handover: Terms and conditions for physical handover of the property

12. Governing Law: Confirmation of Qatar law as governing law and jurisdiction

13. Execution: Signature blocks and execution requirements