The Land Sale Agreement Form is a crucial legal document used in the United Arab Emirates for property transactions. This document is essential when transferring ownership of land between parties and must comply with federal UAE laws and specific emirate-level regulations. The agreement includes mandatory elements required by UAE Civil Code, such as precise property identification, payment terms, and transfer procedures. It's designed to protect both parties' interests while ensuring compliance with local property registration requirements and foreign ownership restrictions where applicable. The document is particularly important in the UAE context where property transactions must follow strict regulatory guidelines and registration procedures with the relevant Land Department.
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1. Parties: Identification of seller and purchaser with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Context of the sale, including brief property description and intention to sell/purchase
3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant terminology
4. Property Details: Comprehensive legal description of the property including plot number, municipality number, and exact location details as per title deed
5. Purchase Price: Agreed purchase price, payment schedule, and method of payment including any deposits
6. Payment Terms: Detailed breakdown of payment structure, installments, and timing of payments
7. Completion and Transfer: Process and requirements for completion, transfer of ownership, and registration with relevant land department
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with laws
9. Purchaser's Obligations: Responsibilities of the purchaser including payment obligations and documentation requirements
10. Registration and Transfer Costs: Allocation of registration fees, transfer fees, and other associated costs
11. Handover: Terms and conditions for physical possession of the property
12. Governing Law and Jurisdiction: Specification of UAE law application and relevant emirate's courts' jurisdiction
13. Notices: Process for serving legal notices between parties
14. Execution: Signature requirements and execution formalities
1. Mortgage Provisions: Include when property is currently mortgaged or will be mortgaged by purchaser
2. Condition of Property: Include when specific property conditions need to be acknowledged or when property is sold as-is
3. Broker Details: Include when real estate broker is involved in the transaction
4. Escrow Arrangements: Include for off-plan properties or when using escrow account
5. Due Diligence Period: Include when purchaser requires time for property inspection or document verification
6. Foreign Ownership: Include when purchaser is non-UAE national, addressing relevant ownership restrictions
7. Service Charge Provisions: Include for properties in managed communities or buildings
8. Termination Rights: Include when specific termination circumstances need to be addressed
9. Force Majeure: Include when specific force majeure provisions are required beyond standard law
1. Property Schedule: Detailed property specifications, including floor plans, area calculations, and boundaries
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Deed Copy: Copy of current title deed and translation if required
4. Property Inspection Report: Current condition report and any identified defects
5. Inventory List: List of fixtures, fittings, and any items included/excluded from sale
6. Required Documents: List of documents required for transfer from both parties
7. Service Charge Statement: Current service charge statement and payment status
8. NOC Schedule: List of required No Objection Certificates and their status
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Property Development
Banking and Finance
Legal Services
Investment
Commercial Property
Residential Property
Hospitality
Retail
Relevant Teams
Legal
Real Estate
Compliance
Sales
Business Development
Property Management
Contract Administration
Risk Management
Finance
Operations
Relevant Roles
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Real Estate Broker
Property Consultant
Contract Manager
Sales Director
Investment Manager
Land Registration Officer
Property Valuation Specialist
Real Estate Transaction Coordinator
Business Development Manager
Chief Legal Officer
Real Estate Portfolio Manager
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