The Private Sale Of House Contract is a fundamental legal document used in the United Arab Emirates for residential property transactions between private parties. This document is essential when transferring ownership of residential property in the UAE, whether the transaction involves local or foreign buyers, and must comply with both federal laws and specific emirate regulations. The contract encompasses crucial elements including detailed property description, purchase price, payment terms, completion requirements, and party obligations. It is designed to protect both buyer and seller interests while ensuring compliance with UAE property laws, registration requirements, and Land Department procedures. The document becomes particularly important given the UAE's unique property ownership rules, especially in designated areas for foreign ownership.
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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 and confirmation of the Seller's ownership rights
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, plot number, size, and registration details as per UAE property registry
5. Purchase Price: Agreed purchase price in AED and payment structure including deposit and completion payment details
6. Payment Terms: Detailed payment schedule, method of payment, and escrow arrangements as per UAE regulations
7. Completion: Completion date, process, and requirements for property transfer at the relevant Land Department
8. Seller's Obligations: Seller's commitments including providing clear title, necessary documentation, and property handover conditions
9. Buyer's Obligations: Buyer's commitments including payment obligations, registration requirements, and due diligence responsibilities
10. Property Condition: Statement on the condition of the property and any agreed repairs or modifications
11. Warranties: Seller's warranties regarding property ownership, absence of disputes, and compliance with laws
12. Registration: Process and responsibilities for property registration with the Land Department
13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
1. Mortgage Arrangements: Details of existing mortgage clearance or new mortgage arrangements - include if property is mortgaged
2. Tenant Provisions: Terms regarding existing tenancy if property is currently leased - include if property has sitting tenants
3. Agent Details: Information about real estate agents involved and commission arrangements - include if brokers are involved
4. Furniture and Fixtures: List of items included/excluded in the sale - include if selling furnished or with specific inclusions/exclusions
5. Condition Precedents: Specific conditions that must be met before completion - include if there are special requirements
6. Service Charge Settlement: Arrangements for settlement of service charges and utilities - include for properties in managed communities
7. Foreign Ownership: Specific provisions related to foreign ownership requirements - include if buyer is non-UAE national
1. Property Title Deed: Copy of current title deed and property ownership documentation
2. Property Floor Plan: Detailed floor plan and property layout
3. Inventory List: Detailed list of furniture and fixtures included in the sale if applicable
4. Payment Schedule: Detailed breakdown of payment installments and due dates
5. Property Photographs: Recent photographs of the property's interior and exterior
6. NOC Documents: Relevant No Objection Certificates from developer or authorities
7. Service Charge Statement: Current statement of service charges and confirmation of payments
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Banking & Finance
Property Development
Construction
Property Management
Insurance
Professional Services
Relevant Teams
Legal
Real Estate
Sales
Compliance
Risk Management
Property Management
Contracts Administration
Business Development
Operations
Client Relations
Relevant Roles
Real Estate Manager
Property Lawyer
Legal Counsel
Real Estate Agent
Property Developer
Mortgage Advisor
Compliance Officer
Property Consultant
Sales Manager
Contract Manager
Real Estate Director
Legal Director
Property Portfolio Manager
Transaction Manager
Risk Manager
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