The Contract For Selling A House is a crucial legal document used in the United Arab Emirates for residential property transactions. It serves as the primary agreement between a property seller and buyer, incorporating all requirements under UAE federal laws and local emirate regulations. This document is essential when transferring ownership of residential property in the UAE, whether it's a villa, townhouse, or apartment. The contract must comply with requirements set by the Real Estate Regulatory Agency (RERA) and local land departments, including specific provisions for property registration, escrow arrangements, and payment procedures. It's particularly important as the UAE real estate market has unique requirements for property ownership, transfer procedures, and foreign ownership restrictions in designated areas.
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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, including property ownership history and intention to sell
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Property Details: Comprehensive description of the property including address, plot number, registration details, and size
5. Purchase Price: Agreed purchase price and payment structure, including deposit and completion payment details
6. Payment Terms: Timeline and method of payments, including escrow arrangements as per UAE law
7. Completion: Process and requirements for completing the sale, including registration and transfer procedures
8. Seller's Warranties: Seller's representations regarding property ownership, condition, and absence of disputes
9. Property Condition: Current state of the property and any agreed repairs or modifications before completion
10. Transfer of Ownership: Process and requirements for legal transfer of title
11. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
12. Default and Termination: Consequences of breach and conditions for contract termination
13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes
1. Mortgage Arrangements: Details of existing mortgage clearance or new mortgage arrangements, used when property has existing mortgage or buyer requires financing
2. Tenant Provisions: Terms regarding existing tenants and lease agreements, included when property is currently tenanted
3. Furniture and Fixtures: List of included/excluded items, used when sale includes furniture or specific fixtures
4. Power of Attorney: Authorization details if either party is acting through a representative
5. Property Management Handover: Terms for transferring property management responsibilities, relevant for properties in managed communities
6. Defect Liability Period: Terms for addressing property defects post-completion, often used for newer properties
7. Service Charge Arrangements: Allocation of service charges and maintenance fees, relevant for properties in managed communities
1. Property Title Deed: Copy of current title deed and property ownership documentation
2. Property Plans: Floor plans, plot plans, and any relevant architectural drawings
3. Inventory List: Detailed list of included furniture, fixtures, and fittings if applicable
4. Condition Report: Detailed report on property condition with photographs
5. Payment Schedule: Detailed breakdown of payment installments and timing
6. Service Charges Statement: Current status of service charges and maintenance fees
7. NOC Documents: Required No Objection Certificates from relevant authorities
8. Property Photographs: Recent photographs of the property's interior and exterior
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