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Deed Of Sale Condominium
"I need a Deed of Sale Condominium for a luxury 3-bedroom unit in Dubai Marina, with completion scheduled for March 2025, including specific provisions for the transfer of two parking spaces and the inclusion of high-end furniture in the sale."
1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details
2. Background: Brief context of the transaction and property ownership history
3. Definitions: Key terms used throughout the deed including Property, Common Areas, Transfer Date, etc.
4. Property Details: Comprehensive description of the condominium unit including unit number, floor, building name, and registered details with Land Department
5. Purchase Price: Statement of the agreed purchase price and payment terms
6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and any conditions attached
7. Transfer of Ownership: Terms and process for legal transfer of the property ownership
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and condition of the property
9. Buyer's Warranties: Warranties regarding financial capacity and compliance with UAE property ownership laws
10. Completion: Details of the completion process, including registration requirements and handover procedures
11. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
12. Governing Law and Jurisdiction: Specification of UAE law application and relevant court jurisdiction
1. Mortgage Details: Required if the property has an existing mortgage or if the purchase is being financed through a mortgage
2. Power of Attorney: Required if either party is acting through an authorized representative
3. Condition of Property: Detailed when there are specific agreements about property condition or pending maintenance
4. Tenant Rights: Required if the property is currently tenanted with existing lease agreements
5. Parking Assignment: Required when parking spaces are separately allocated or transferred
6. Service Charge Provisions: Required when there are specific arrangements regarding outstanding or prepaid service charges
7. Furniture and Fixtures: Required if the sale includes specific furniture or fixtures
1. Schedule 1 - Property Description: Detailed technical description of the property including floor plans and area calculations
2. Schedule 2 - Title Documents: Copies of current title deed and other ownership documents
3. Schedule 3 - Inventory: List of included fixtures, fittings, and any furniture if applicable
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment installments and due dates
5. Schedule 5 - Common Areas: Description and allocation of common area rights and facilities
6. Appendix A - Property Photographs: Recent photographs of the property and any specific features
7. Appendix B - Building Rules: Copy of the condominium building rules and regulations
8. Appendix C - NOC Documents: Necessary No Objection Certificates from relevant authorities
Authors
Real Estate
Property Development
Banking & Finance
Legal Services
Construction
Property Management
Investment & Asset Management
Insurance
Facilities Management
Legal
Real Estate
Compliance
Sales
Property Management
Contracts Administration
Risk Management
Finance
Operations
Customer Relations
Documentation
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Sales Manager
Contract Administrator
Real Estate Investment Manager
Mortgage Officer
Title Officer
Real Estate Transaction Coordinator
Property Consultant
Facilities Manager
Due Diligence Officer
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