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1. Parties: Identification of the Assignor (current contract holder), Assignee (new contract holder), and Developer/Seller (original property seller)
2. Background: Details of the original purchase agreement, property information, and reason for assignment
3. Definitions: Key terms used throughout the document including Property, Original Contract, Assignment Date, and Consideration
4. Subject of Assignment: Clear description of the rights and obligations being assigned under the original purchase contract
5. Consideration: Details of the assignment price and payment terms between Assignor and Assignee
6. Completion Requirements: Steps required to complete the assignment, including registration with relevant authorities
7. Assignor's Warranties: Warranties regarding ownership, right to assign, and status of the original contract
8. Property Status: Current state of the property and any outstanding payments or obligations
9. Governing Law and Jurisdiction: Specification of UAE law application and relevant emirate's courts' jurisdiction
1. Developer Consent: Required when the original purchase agreement or applicable laws mandate developer approval for assignment
2. Mortgage Status: Include when the property has an existing mortgage or financing arrangement
3. Broker Involvement: Required when a real estate broker is involved in facilitating the assignment
4. Condition Precedents: Include when there are specific conditions that must be met before the assignment becomes effective
5. VAT Provisions: Required when the assignment transaction is subject to VAT under UAE tax regulations
6. Non-Refundable Deposit: Include when parties agree on a deposit structure for the assignment
7. Third Party Approvals: Required when additional approvals (beyond developer) are needed for the assignment
1. Schedule 1 - Property Details: Detailed description of the property including unit number, building, project, and specifications
2. Schedule 2 - Original Purchase Agreement: Copy or key details of the original sale and purchase agreement being assigned
3. Schedule 3 - Payment Schedule: Breakdown of payments made under original contract and remaining payments
4. Schedule 4 - Assignment Consideration: Detailed breakdown of the assignment price and payment terms
5. Appendix A - Required Documents: List of documents required for registration of the assignment
6. Appendix B - Developer's Consent Form: Standard form of developer's consent where required
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