The Land Purchase And Sale Agreement is a crucial document used in UAE real estate transactions to formalize the transfer of property ownership. It's essential for both residential and commercial property transactions in the UAE, where specific legal requirements must be met for property transfers to be valid and enforceable. The agreement must comply with federal laws such as the UAE Civil Code and specific emirate-level property regulations, particularly regarding registration requirements and foreign ownership restrictions. This document typically includes detailed property descriptions, purchase price, payment terms, warranties, and completion mechanisms, while also addressing specific UAE requirements such as Land Department registration procedures and any necessary approvals for foreign buyers. It's commonly used in both off-plan purchases and existing property transfers, requiring careful attention to local real estate practices and regulatory compliance.
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1. Parties: Identification of the Seller and Purchaser with full legal names, addresses, and if applicable, their legal representatives
2. Background: Context of the transaction, including brief description of the property and parties' intentions
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 UAE Land Department records
5. Purchase Price: Specified purchase price, payment structure, and payment mechanisms in compliance with UAE regulations
6. Payment Terms: Detailed payment schedule, deposit requirements, and method of payment
7. Completion: Procedures for completion of the sale, including registration requirements and timing
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with laws
9. Purchaser's Warranties: Warranties regarding capacity to purchase and compliance with payment obligations
10. Registration and Transfer: Process for property registration at the relevant Land Department and transfer procedures
11. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
12. Default and Termination: Consequences of default by either party and termination provisions
13. Notices: Methods and addresses for formal communications between parties
14. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts
1. Condition of Property: Detailed provisions about the property's condition, used when selling property with known defects or specific features
2. Vacant Possession: Requirements for delivering vacant possession, used when property is currently occupied
3. Tenancy Details: Information about existing tenancies, used when property is sold with sitting tenants
4. Development Obligations: Requirements for incomplete properties or those requiring specific development work
5. Mortgage Details: Provisions relating to existing mortgages or new financing arrangements
6. Service Charge Provisions: Details of service charges for properties in managed developments
7. Foreign Ownership Compliance: Special provisions for foreign buyers, used when purchaser is not a UAE national
8. Power of Attorney: Provisions for legal representation, used when parties act through authorized representatives
1. Property Plan: Detailed plans and drawings of the property including boundaries and measurements
2. Title Documents: Copies of title deed and other ownership documentation
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Inventory: List of fixtures, fittings, and contents included in the sale
5. Land Department Forms: Required official forms for property transfer in the relevant emirate
6. Due Diligence Documents: Copies of permits, certificates, and compliance documents
7. Existing Tenancy Documents: Copies of current lease agreements if applicable
8. Service Charge Statement: Details of current and projected service charges for managed properties
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