The Land Purchase Agreement is a crucial legal document used in the United Arab Emirates for transferring land ownership from one party to another. It is essential for any land transaction in the UAE and must comply with both federal laws and specific emirate-level regulations. This document is particularly important given the UAE's unique property ownership rules, including restrictions on foreign ownership in certain areas and specific registration requirements with local land departments. The agreement typically includes comprehensive details about the property, parties involved, payment terms, warranties, and completion requirements. It serves as the primary document for land transactions and forms the basis for subsequent registration with the relevant land department. The agreement must be carefully drafted to ensure compliance with UAE Civil Code requirements and local property laws, making it a fundamental instrument in UAE real estate transactions.
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1. Parties: Identification of the Seller and Buyer, including full legal names, addresses, and registration details if companies
2. Background: Context of the transaction, including brief property description and intention to sell/purchase
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core agreement to sell and purchase the property, including the basic terms
5. Purchase Price: Detailed breakdown of the purchase price and payment terms, including deposit arrangements
6. Property Details: Comprehensive description of the property, including all included fixtures and fittings
7. Conditions Precedent: Conditions that must be satisfied before completion can occur
8. Seller's Warranties: Warranties given by the seller regarding the property's title, condition, and other matters
9. Buyer's Warranties: Warranties given by the buyer, particularly regarding funding and authority to purchase
10. Completion: Process and requirements for completion of the sale
11. Post-Completion Obligations: Actions required after completion, including registration requirements
12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
1. Mortgage Requirements: Required if the purchase is being financed through a mortgage
2. Property Management During Transition: Needed if there's a gap between contract signing and completion
3. Tenant Provisions: Required if the property is being sold with existing tenants
4. Development Obligations: Needed for off-plan properties or properties requiring specific development work
5. Foreign Ownership Compliance: Required for foreign buyers, addressing compliance with UAE foreign ownership laws
6. Service Charge Provisions: Needed for properties in managed communities or buildings
7. VAT Provisions: Required if the transaction is subject to VAT
1. Property Schedule: Detailed legal description of the property, including title deed details and plot numbers
2. Plan Schedule: Property plans, layouts, and location maps
3. Fixtures and Fittings Schedule: Detailed list of included and excluded items
4. Payment Schedule: Detailed breakdown of payment installments and timing
5. Title Documents: Copies of relevant title documents and certificates
6. Due Diligence Documents: List of all due diligence documents provided by the seller
7. Form of Transfer: Template transfer documents required by the relevant land department
8. Handover Protocol: Detailed procedure for physical handover of the property
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