The Sales Contract For House is a vital legal instrument used in the United Arab Emirates for residential property transactions. It serves as the primary agreement between parties involved in the sale and purchase of residential real estate, ensuring compliance with UAE Federal Law No. 5 of 1985 (Civil Code) and various emirate-specific real estate regulations. This document is essential when transferring ownership of residential property and must be registered with the relevant Land Department. The contract includes crucial details such as property specifications, payment terms, warranties, and transfer procedures, while also addressing UAE-specific requirements like NOC (No Objection Certificate) provisions and property registration procedures. It's designed to protect both buyer and seller interests while ensuring the transaction meets all local legal requirements and real estate authority regulations.
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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: Context of the sale and confirmation of the Seller's ownership and right to sell the property
3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology
4. Property Details: Comprehensive description of the property including plot number, municipality number, area, location, and registration details as per UAE property registration requirements
5. Purchase Price: Agreed purchase price in AED, payment schedule, and method of payment in compliance with UAE banking regulations
6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and final payment conditions
7. Completion: Process and requirements for completing the sale, including registration at the relevant land department
8. Seller's Obligations: Seller's commitments including providing valid title deed, clearing utilities, and ensuring property is free from encumbrances
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. Handover: Terms and process for physical handover of the property, including utilities transfer
12. Registration and Transfer: Procedures for property registration and transfer at the relevant land department
13. Warranties: Seller's warranties regarding ownership, encumbrances, and property condition
14. Default and Termination: Consequences of default by either party and termination provisions
15. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts
16. Notices: Process for serving legal notices between parties
17. Execution: Signature requirements and execution formalities as per UAE law
1. Mortgage Contingency: Required when buyer's purchase is contingent on obtaining mortgage financing
2. Power of Attorney: Needed when either party is acting through an authorized representative
3. Furniture and Fixtures: Used when sale includes specific furniture or fixtures
4. Defect Disclosure: Detailed disclosure of known defects, particularly important for older properties
5. Service Charges: Required for properties in managed communities with service charges
6. Tenant Rights: Necessary when property is sold with existing tenants
7. Developer Warranty: Included for relatively new properties still under developer warranty
8. Escrow Arrangements: When parties agree to use an escrow account for the transaction
1. Property Title Deed: Copy of current title deed and property ownership documents
2. Property Floor Plan: Detailed floor plan and area calculation
3. Inventory List: List of included furniture, fixtures, and fittings if applicable
4. Payment Schedule: Detailed breakdown of payment installments and due dates
5. Property Photographs: Current photographs of property condition
6. Land Department Forms: Required forms for property transfer registration
7. Due Diligence Documents: Service charge statements, utility bills, and maintenance records
8. Handover Checklist: List of items to be checked and transferred during handover
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Insurance
Property Management
Facilities Management
Interior Design
Architecture
Urban Planning
Relevant Teams
Legal
Real Estate
Sales
Compliance
Property Management
Business Development
Contract Administration
Risk Management
Operations
Customer Relations
Document Control
Finance
Relevant Roles
Real Estate Agent
Property Lawyer
Legal Counsel
Property Developer
Sales Manager
Contract Manager
Property Consultant
Compliance Officer
Real Estate Manager
Transaction Coordinator
Property Valuer
Mortgage Advisor
Real Estate Director
Business Development Manager
Legal Director
Property Registration Officer
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