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The Buy Tenancy Agreement is a specialized legal instrument used in the United Arab Emirates real estate market when a property owner wishes to sell their property while continuing to occupy it as a tenant. This arrangement is particularly common in commercial real estate transactions and investment deals where the original owner seeks to free up capital while maintaining operational use of the property. The document combines elements of a standard sale and purchase agreement with a comprehensive lease agreement, ensuring compliance with UAE federal laws and emirate-specific regulations. The agreement must address both the immediate transfer of ownership and the ongoing landlord-tenant relationship, including clear terms for both aspects of the transaction. This type of agreement requires careful consideration of property valuation, market rent rates, and long-term implications for both parties, while ensuring all terms align with local real estate laws and registration requirements.

1. Parties: Identification of the Seller/Landlord and Buyer/Tenant, including full legal names, Emirates ID numbers, and contact details

2. Background: Context of the transaction, including property details and the intention to combine sale and leaseback arrangements

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Lease Term, Rent, and other relevant definitions

4. Sale Agreement: Terms of the property sale, including purchase price, payment terms, and completion requirements

5. Property Title and Registration: Details of title transfer process, registration requirements, and associated fees

6. Lease Terms: Duration of the lease, rent amount, payment schedule, and renewal options

7. Condition of Property: State of the property at sale and lease commencement, including any existing defects or required repairs

8. Maintenance and Repairs: Responsibilities for property maintenance and repairs during the lease period

9. Insurance: Requirements for property insurance during both sale and lease periods

10. Utilities and Services: Responsibility for utility connections, payments, and service charges

11. Default and Remedies: Consequences of default under either sale or lease provisions

12. Termination: Circumstances and procedures for terminating the lease agreement

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes

14. Notices: Process for serving formal notices between parties

15. Entire Agreement: Confirmation that the document represents the complete agreement between parties