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Agreement To Sell Land Template for United Arab Emirates

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Key Requirements PROMPT example:

Agreement To Sell Land

"I need an Agreement To Sell Land for a commercial plot in Dubai Silicon Oasis, where the buyer is a foreign technology company requiring specific development commitments and the completion date is set for March 15, 2025."

What is a Agreement To Sell Land?

The Agreement To Sell Land is a fundamental legal document used in the United Arab Emirates for property transactions involving the transfer of land ownership. This document is essential when any party wishes to sell or purchase land in the UAE, whether for development, investment, or other purposes. The agreement must comply with the UAE Civil Code, relevant emirate-specific property laws, and Land Department regulations. It includes crucial details such as property specifications, payment terms, warranties, and completion requirements. The document is particularly important in the UAE context due to specific requirements regarding property registration, foreign ownership restrictions, and compliance with Islamic finance principles where applicable. This agreement serves as the primary document for Land Department registration and forms the basis for the official transfer of property ownership in the UAE.

What sections should be included in a Agreement To Sell Land?

1. Parties: Identification of the seller and buyer with full legal names, addresses, and Emirates ID numbers

2. Background: Context of the transaction, including brief property history and purpose of the agreement

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

4. Property Description: Detailed legal description of the land including plot number, size, location, and boundaries

5. Purchase Price: Agreed purchase price and payment structure, including deposit arrangements

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

7. Title and Registration: Confirmation of seller's ownership and process for title transfer at the Land Department

8. Completion: Process and requirements for completion of the sale, including timing and location

9. Seller's Warranties: Warranties regarding ownership, encumbrances, and property condition

10. Buyer's Warranties: Warranties regarding capacity to purchase and compliance with UAE ownership laws

11. Pre-Completion Obligations: Responsibilities of both parties before completion

12. Transfer of Ownership: Process and requirements for transferring ownership at the relevant Land Department

13. Costs and Taxes: Allocation of registration fees, transfer fees, and other transaction costs

14. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

15. Notices: Process for serving formal notices between parties

16. General Provisions: Standard contractual provisions including severability and entire agreement clauses

What sections are optional to include in a Agreement To Sell Land?

1. Condition of Property: Detailed description of property condition, used when selling developed land

2. Development Obligations: Include when the land is subject to development requirements or restrictions

3. Mortgage Details: Required when the property has an existing mortgage to be discharged

4. Power of Attorney: Include when either party is acting through an attorney

5. Escrow Arrangements: Details of escrow account when required for the transaction

6. Due Diligence Period: Include when buyer requires time for additional property investigations

7. Foreign Ownership Compliance: Required for non-UAE national buyers

8. Service Charges: Include for properties within managed developments

9. Environmental Matters: Required for industrial or potentially contaminated land

What schedules should be included in a Agreement To Sell Land?

1. Property Plan: Official survey plan and property boundaries

2. Title Documents: Copies of existing title deed and ownership documents

3. Payment Schedule: Detailed breakdown of payment installments and dates

4. Property Permits: Copies of relevant building permits and certificates

5. Land Department Requirements: List of documents required for transfer at Land Department

6. Encumbrances Schedule: Details of any existing encumbrances, easements or restrictions

7. Due Diligence Documents: List of documents provided for buyer's due diligence

8. Property Photographs: Recent photographs of the land and any structures

9. Completion Requirements: Checklist of items required for completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Real Estate

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