The Agreement For Sale And Sale Deed is a crucial document in UAE property transactions, combining both the contractual agreement and the formal transfer deed in one comprehensive instrument. This document is essential when conducting property sales in the UAE, whether for residential, commercial, or industrial properties. It must strictly comply with UAE Federal Laws, including the UAE Civil Code, as well as specific emirate-level property regulations. The document is structured to include all necessary elements required by UAE law for valid property transfers, including detailed property descriptions, payment terms, warranties, and registration requirements. It serves as both the binding contract between parties and the official instrument for transferring legal title, making it particularly important in the UAE's developing real estate market where clear documentation of property rights is essential.
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1. Parties: Detailed identification of the seller and purchaser, including full legal names, addresses, and registration details for corporate entities
2. Background: Context of the sale, brief description of the property/asset, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including the subject matter and confirmation of the transfer
5. Purchase Price: Details of the purchase price, payment terms, and payment schedule
6. Completion: Completion date, process, and requirements for transfer of ownership
7. Seller's Warranties: Warranties regarding ownership, authority to sell, and condition of the property/asset
8. Purchaser's Warranties: Warranties regarding authority to purchase and financial capability
9. Title and Registration: Provisions regarding transfer of title and registration requirements
10. Costs and Taxes: Allocation of transaction costs, fees, and applicable taxes
11. Notices: Process and requirements for serving notices between parties
12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Conditions Precedent: Used when completion is subject to specific conditions being met
2. Property Inspection: Include when specific inspection requirements or findings need to be documented
3. Mortgage Details: Required when the property is subject to existing mortgage or new financing
4. Broker Provisions: Include when real estate brokers are involved in the transaction
5. Post-Completion Obligations: Used when there are specific obligations after completion
6. Dispute Resolution: Alternative dispute resolution mechanisms if different from standard court proceedings
7. Force Majeure: Include when specific force majeure provisions are needed beyond standard law
8. Assignment Rights: Used when transfer rights need to be specifically addressed
9. Maintenance Charges: Include for properties with ongoing maintenance or service charges
1. Property Description Schedule: Detailed description of the property including boundaries, area, and specifications
2. Payment Schedule: Detailed breakdown of payment installments and timing
3. Title Documents: Copies of relevant title documents and ownership certificates
4. Property Plans: Floor plans, maps, or technical drawings of the property
5. Inventory List: For sales including furniture or fixtures, detailed inventory
6. Due Diligence Documents: Relevant permits, certificates, and compliance documents
7. Handover Protocol: Detailed procedure for physical handover of the property
8. Registration Requirements: List of documents required for property registration
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