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Deed Of Purchase And Sale
"I need a Deed of Purchase and Sale for a commercial warehouse property in Dubai Industrial City, where the purchaser is a foreign manufacturing company, and completion is scheduled for March 2025; the document must include specific provisions for industrial licensing and foreign ownership compliance."
1. Parties: Full legal names, addresses, and details of the Seller and Purchaser, including Emirates ID/passport numbers as required by UAE law
2. Background: Context of the transaction, including current ownership status and intention to sell/purchase
3. Definitions: Definitions of key terms used throughout the deed, including Property, Completion Date, Purchase Price, etc.
4. Property Details: Comprehensive legal description of the property including title deed number, plot number, and registration details
5. Sale and Purchase: Core agreement to sell and purchase, including the basic obligations of both parties
6. Purchase Price: Detailed breakdown of the purchase price and payment terms, including deposit arrangements
7. Completion: Requirements and process for completion of the sale, including timing and location
8. Seller's Warranties: Warranties regarding ownership, property condition, and absence of encumbrances
9. Transfer of Title: Process and requirements for legal transfer of title in accordance with UAE regulations
10. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
11. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction of UAE courts
1. Condition of Property: Detailed description of property condition, used when selling property as-is or with specific conditions
2. Tenant Rights: Include when property is sold with existing tenants, addressing their rights and obligations
3. Mortgage Details: Required when property is being sold subject to or free from existing mortgage
4. Developer Obligations: Include for off-plan properties or newly completed properties still under developer warranty
5. Foreign Ownership Compliance: Required when either party is a foreign national, addressing compliance with UAE foreign ownership laws
6. Service Charge Arrangements: Include for properties in managed communities or buildings with service charges
7. Handover Arrangements: Detailed provisions for physical handover, needed when immediate possession is not given at completion
1. Property Schedule: Detailed technical description of the property, including floor plans and area calculations
2. Title Documents: Copies of existing title deed and other relevant property documentation
3. Inventory: List of fixtures, fittings, and any other items included in the sale
4. Payment Schedule: Detailed breakdown of payment installments and timing if not a single payment
5. Property Condition Report: Detailed report on property condition with photographs if relevant
6. Required Permits: Copies of relevant permits, certificates, and approvals
7. Service Contracts: Details of any service contracts or maintenance agreements that will be transferred
Authors
Real Estate
Construction
Banking & Finance
Property Development
Hospitality
Retail
Commercial Property
Residential Property
Industrial & Logistics
Tourism & Entertainment
Healthcare
Education
Legal
Real Estate
Compliance
Property Management
Business Development
Facilities Management
Asset Management
Operations
Finance
Risk Management
Investment
Corporate Services
Real Estate Manager
Property Lawyer
Legal Counsel
Real Estate Agent
Property Manager
Compliance Officer
Contract Manager
Real Estate Director
Business Development Manager
Investment Manager
Facilities Manager
Asset Manager
Real Estate Partner
Property Developer
Real Estate Consultant
Transaction Manager
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