The Sale Agreement For House is a crucial legal document used in the United Arab Emirates for residential property transactions. It serves as the primary contract when transferring ownership of a residential property from one party to another, incorporating all UAE federal and emirate-specific real estate laws and regulations. This document is essential for both local and international buyers and sellers, detailing property specifications, payment terms, warranties, and completion requirements. The agreement must comply with UAE Civil Code requirements and local Land Department regulations, including specific provisions for foreign ownership if applicable. It's particularly important in the UAE market where property transactions require careful documentation and specific legal compliance, especially regarding property registration and ownership transfer procedures.
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1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details
2. Background: Brief context of the sale transaction and property ownership status
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, plot number, and registration details
5. Purchase Price: Statement of the total purchase price and currency
6. Payment Terms: Structure and schedule of payments, including deposit and completion payment details
7. Completion: Requirements and process for completion of the sale, including timing and location
8. Title and Registration: Provisions regarding transfer of title and registration with relevant authorities
9. Seller's Warranties: Warranties regarding ownership, property condition, and absence of encumbrances
10. Buyer's Warranties: Warranties regarding ability to purchase and fund the transaction
11. Costs and Fees: Allocation of transaction costs, registration fees, and broker commissions
12. Handover: Terms for physical handover of the property and transfer of utilities
13. Default and Termination: Consequences of default and conditions for termination
14. Governing Law and Jurisdiction: Specification of UAE law and relevant emirate's courts' jurisdiction
1. Mortgage Contingency: Required if buyer's purchase is contingent on obtaining mortgage financing
2. Tenant Rights: Required if property is currently tenanted, addressing existing lease agreements
3. Pool Maintenance: Required for properties with swimming pools, detailing maintenance obligations
4. Common Areas: Required for apartments or properties in managed communities
5. Foreign Ownership: Required when buyer is a non-UAE national, addressing specific ownership requirements
6. Property Management: Optional section for handling transition of property management services
7. Furniture and Fixtures: Required if sale includes furniture or specific fixtures
8. Developer Approval: Required for properties still under developer management
9. Service Charge: Required for properties with ongoing service charges or maintenance fees
1. Schedule 1 - Property Details: Detailed property specification including plot size, built-up area, and floor plans
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and due dates
3. Schedule 3 - Property Condition Report: Current condition of property and any noted defects
4. Schedule 4 - Included Items: List of fixtures, fittings, and other items included in the sale
5. Schedule 5 - Required Documents: List of documents required for completion
6. Appendix A - Property Title Deed: Copy of current title deed
7. Appendix B - Floor Plans: Approved architectural plans of the property
8. Appendix C - NOC Template: Template for No Objection Certificate from developer/authorities
9. Appendix D - Service Charge Statement: Current status of service charge payments
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Insurance
Property Management
Professional Services
Real Estate Investment
Relevant Teams
Legal
Real Estate
Compliance
Sales
Property Management
Operations
Contracts
Risk Management
Customer Relations
Documentation
Relevant Roles
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Real Estate Director
Compliance Officer
Contract Manager
Real Estate Investment Manager
Property Developer
Sales Manager
Real Estate Broker
Transaction Coordinator
Legal Director
Property Consultant
Real Estate Operations Manager
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