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Deed Of Sale Property
"I need a Deed of Sale Property for a commercial warehouse in Dubai Industrial City, with completion scheduled for March 2025, including specific provisions for industrial equipment transfer and foreign corporate ownership requirements."
1. Parties: Details of the seller and buyer, including full legal names, Emirates ID numbers, passport numbers, and addresses
2. Background: Brief context of the transaction and confirmation of the seller's right to sell the property
3. Definitions: Key terms used throughout the deed, including Property, Completion Date, Purchase Price, and other relevant terms
4. Property Details: Comprehensive description of the property including plot number, unit number, building name, emirate, area, and size in square feet/meters
5. Sale and Purchase: Core agreement terms stating the seller's agreement to sell and buyer's agreement to purchase
6. Purchase Price: Detailed breakdown of the purchase price and payment structure
7. Completion Requirements: Conditions to be met for completion of the sale, including documentation and registration requirements
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and authority to sell
9. Transfer of Title: Process and requirements for transferring property ownership
10. Registration: Requirements and process for registering the property transfer with relevant authorities
11. Costs and Expenses: Allocation of transaction costs, including registration fees, transfer fees, and agent commissions
12. Execution: Formal execution clause and signature blocks
1. Condition of Property: Used when specific property conditions need to be documented or when the property is sold with known defects
2. Islamic Finance Compliance: Required when the transaction involves Islamic financing or needs to comply with Sharia principles
3. Agent Details: Included when real estate agents are involved in the transaction
4. Mortgage Details: Required when the property is subject to an existing mortgage or new mortgage arrangement
5. Foreign Ownership Declaration: Required when the buyer is a non-UAE national, confirming compliance with foreign ownership restrictions
6. Handover Arrangements: Used when specific arrangements for property handover need to be documented
7. Service Charge Settlements: Required for properties in managed communities where service charge settlements need to be addressed
1. Property Schedule: Detailed technical description of the property including floor plans, boundaries, and specifications
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Documents: Copies of existing title deed and other ownership documents
4. Property Certificates: Relevant certificates including building completion certificate and NOCs
5. Inventory List: List of fixtures, fittings, and furniture included in the sale (if applicable)
6. Due Diligence Documents: Copies of property inspection reports, maintenance records, and other relevant documentation
7. Required Forms: Standard forms required by UAE authorities for property transfer
Authors
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Islamic Finance
Property Management
Investment & Asset Management
Insurance
Hospitality
Legal
Real Estate
Compliance
Property Management
Investment
Corporate Affairs
Operations
Risk Management
Finance
Business Development
Real Estate Manager
Property Lawyer
Legal Counsel
Real Estate Agent
Property Developer
Investment Manager
Asset Manager
Compliance Officer
Property Registration Officer
Real Estate Transaction Manager
Contract Administrator
Legal Director
Property Portfolio Manager
Real Estate Investment Advisor
Due Diligence Manager
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