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Bargain And Sale Deed Form

Bargain And Sale Deed Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Bargain And Sale Deed Form

"I need a Bargain and Sale Deed Form for the transfer of a commercial warehouse property in Dubai Industrial City, with completion scheduled for March 2025, including specific provisions for existing tenant agreements and industrial licensing requirements."

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Document background
The Bargain and Sale Deed Form is a crucial legal instrument in UAE real estate transactions, used when transferring property ownership between parties. This document type is particularly important in the UAE's dynamic real estate market, where property transactions must comply with both federal laws and emirate-specific regulations. The deed must be prepared in accordance with UAE Civil Code requirements and local property registration laws, making it essential for both residential and commercial property transfers. It contains vital information including precise property details, consideration, warranties, and specific clauses required by UAE law. The document is typically used in straightforward property transfers where standard warranties are provided, and must be registered with the relevant Land Department to effect the transfer of ownership.
Suggested Sections

1. Deed Title and Date: Clearly identifies the document as a Bargain and Sale Deed and states the execution date

2. Parties: Identifies the Seller (Grantor) and Buyer (Grantee) with full legal names, addresses, and any registration details for corporate entities

3. Recitals: States the Seller's ownership rights and authority to sell, and the Buyer's intention to purchase

4. Property Description: Detailed legal description of the property including plot number, municipality number, emirate location, and boundaries

5. Consideration: States the purchase price and confirms payment terms

6. Grant Clause: The operative words of conveyance transferring title from Seller to Buyer

7. Title Warranties: Seller's warranties regarding title, encumbrances, and right to convey

8. Registration Requirements: Provisions regarding property registration with relevant land department

9. Execution: Signature blocks with attestation requirements as per UAE law

Optional Sections

1. Powers of Attorney: Required when either party is acting through an authorized representative

2. Foreign Ownership Declaration: Required when the Buyer is a foreign national or entity, confirming compliance with UAE foreign ownership laws

3. Mortgage Release: Required when the property is being sold free from an existing mortgage

4. Special Conditions: Any unique terms specific to the transaction

5. NOC References: Required when the property is within a master community requiring developer approval

6. Service Charge Statement: Statement regarding outstanding service charges and maintenance fees

Suggested Schedules

1. Property Schedule: Detailed technical description of the property including floor plans and area calculations

2. Title Documents: Copies of original title deed and other relevant ownership documents

3. Property Plan: Official survey plan or plot layout from relevant municipality

4. Powers of Attorney: Copies of any relevant powers of attorney

5. Due Diligence Documents: Copies of property inspection reports, certificates, and permits

6. Payment Schedule: If payment is not made in full at completion, details of payment installments

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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