The Closed Deed of Sale is a critical legal instrument in UAE property transactions, used when transferring ownership of real estate from one party to another. This document type is essential in the UAE's property market, where strict regulatory compliance and formal documentation are required for all property transfers. The deed must comply with UAE Civil Code, relevant emirate-specific property laws, and Sharia principles. It captures all essential elements of the sale, including detailed property description, purchase price, payment terms, warranties, and registration requirements. A Closed Deed of Sale is particularly important as it serves as the definitive evidence of property transfer and must be registered with the relevant Land Department to effect legal transfer of ownership. This document is used for both residential and commercial properties, requiring careful attention to detail in drafting to ensure all legal requirements are met and the interests of all parties are protected.
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1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and registration details if companies
2. Background: Context of the sale, brief description of the property, and intention to enter into a binding sale
3. Definitions: Key terms used throughout the deed, including Property, Completion Date, Purchase Price, etc.
4. Sale and Purchase: Core provision declaring the sale and purchase of the property for the stated consideration
5. Property Description: Detailed description of the property including location, size, and registration details
6. Purchase Price: Statement of the purchase price and payment terms including deposit and balance payment
7. Completion: Requirements and process for completing the sale, including timing and documentation
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and authority to sell
9. Property Registration: Process and requirements for registering the property transfer with relevant authorities
10. Handover: Terms and process for physical handover of the property
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction
1. Condition of Property: Detailed section on property condition, used when selling property as-is or with specific conditions
2. Tenant Rights: Required if the property is currently tenanted, addressing existing lease agreements
3. Service Charges: Needed for properties in managed communities or buildings, addressing ongoing maintenance fees
4. Mortgage Details: Required if the property has an existing mortgage or if buyer is obtaining mortgage financing
5. Construction Warranties: Needed for new properties, detailing developer warranties and defect liability periods
6. Property Management: Required for commercial properties with ongoing management requirements
7. Utilities and Connections: Details of utility connections and transfer procedures, important for residential properties
1. Schedule 1 - Property Details: Comprehensive property information including title deed details, floor plans, and boundaries
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms, installments, and payment methods
3. Schedule 3 - Property Documents: List of all property-related documents being transferred
4. Schedule 4 - Inventory: List of fixtures, fittings, and any items included in the sale
5. Appendix A - Title Deed Copy: Copy of the existing title deed
6. Appendix B - Property Plans: Architectural plans, floor plans, and location maps
7. Appendix C - Completion Requirements: Checklist of documents and requirements for completion
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