The For Sale By Owner Real Estate Contract Form Free is specifically designed for property owners in the UAE who wish to manage their property sale directly without agency intervention. This document type is particularly relevant in the context of the UAE's sophisticated real estate market, where property transactions must comply with specific federal and emirate-level regulations. The contract incorporates all necessary elements required by UAE law, including detailed property specifications, payment structures, and transfer procedures. It's suitable for both residential and commercial property transactions, provided they comply with UAE foreign ownership restrictions where applicable. The document ensures that all mandatory legal requirements are met while allowing parties to customize certain aspects according to their specific transaction needs.
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1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Brief context of the property sale and confirmation of the Seller's legal ownership and right to sell
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, and other relevant terms
4. Property Details: Comprehensive description of the property including address, plot number, size, type, and registration details as per UAE property registration requirements
5. Purchase Price: Agreed purchase price in AED, payment schedule, and method of payment including any deposits
6. Payment Terms: Detailed breakdown of payment installments, deadlines, and payment methods including escrow arrangements if applicable
7. Completion and Transfer: Process and timeline for property transfer, registration requirements, and completion procedures at the relevant Land Department
8. Seller's Warranties: Seller's representations regarding property ownership, absence of disputes, and compliance with UAE property laws
9. Buyer's Obligations: Buyer's commitments including payment, due diligence, and compliance with registration requirements
10. Property Condition: Statement on the condition of the property and any included fixtures and fittings
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of UAE courts
1. Mortgage and Financing: Include when buyer is obtaining mortgage financing, detailing conditions and requirements
2. Property Management Handover: Include for properties within managed communities, detailing transfer of service charges and maintenance contracts
3. Tenant Rights: Include if property is currently tenanted, addressing existing lease agreements and tenant rights
4. Foreign Ownership: Include when buyer is non-UAE national, addressing specific requirements and restrictions
5. Defect Liability: Include for newly constructed properties, specifying warranty periods and responsibilities
6. Broker Involvement: Include if real estate brokers are involved, detailing commission arrangements
7. Furniture and Fixtures: Include if sale includes furniture or specific fixtures, with detailed inventory
1. Property Title Deed: Copy of current title deed showing ownership and property details
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Property Floor Plan: Official floor plan showing property layout and dimensions
4. Property Photographs: Recent photographs documenting current condition of the property
5. Inventory List: If applicable, detailed list of included furniture and fixtures
6. Service Charge Statement: Current statement of service charges and payment status
7. NOC Templates: Templates for various No Objection Certificates required for transfer
8. Property Documents: Building completion certificate, maintenance records, and other relevant documentation
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