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The Owner Finance Contract serves as an alternative financing solution in the UAE real estate market, particularly useful when traditional bank financing is not preferred or available. This document type is designed to comply with UAE federal laws, emirate-specific regulations, and where required, Sharia principles. It establishes the legal framework for a property sale where the seller acts as the financier, detailing payment terms, security arrangements, and conditions for title transfer. The agreement is commonly used in both residential and commercial property transactions, requiring careful consideration of UAE property registration requirements, financial regulations, and anti-money laundering laws. The document includes comprehensive provisions to protect both parties' interests throughout the financing period, incorporating specific UAE legal requirements for property transactions and financial arrangements.

1. Parties: Identification of the Owner/Seller (Financier) and Buyer, including full legal names and details

2. Background: Context of the transaction, including property description and parties' intention to enter into owner financing arrangement

3. Definitions: Key terms used throughout the agreement, including financial, property, and legal terminology

4. Purchase Price and Payment Terms: Total purchase price, down payment, monthly payment amount, interest rate/profit rate (Sharia-compliant), and payment schedule

5. Property Details: Comprehensive description of the property, including legal title details and registration information

6. Security Arrangements: Details of property mortgage/charge and other security measures to protect the owner's interests

7. Title Transfer Conditions: Conditions for eventual transfer of title upon completion of payments

8. Insurance Requirements: Mandatory insurance coverage for the property and payment protection

9. Default and Remedies: Consequences of default and available remedies for both parties

10. Representations and Warranties: Statements of fact and promises made by both parties

11. Covenants: Ongoing obligations of both parties during the finance period

12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes

13. Notices: Process and requirements for formal communications between parties

14. General Provisions: Standard contractual provisions including amendments, severability, and entire agreement