Real Estate Buyer Seller Agreement Form

Real Estate Buyer Seller Agreement Form Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need a Real Estate Buyer Seller Agreement Form for a luxury villa purchase in Dubai Marina, with completion scheduled for March 2025, including provisions for mortgage financing and foreign ownership as the buyer is a non-UAE resident."

Document background

The Real Estate Buyer Seller Agreement Form is a crucial legal document used in the United Arab Emirates for property transactions between sellers and buyers. It is designed to comply with UAE federal laws and emirate-specific regulations, particularly those governing real estate transactions in major emirates like Dubai and Abu Dhabi. This agreement is essential for both residential and commercial property transactions, ensuring all aspects of the sale are properly documented and legally binding. The document includes mandatory provisions required by UAE land departments, handles property registration requirements, and addresses specific considerations such as foreign ownership restrictions and escrow requirements. It serves as the primary contract document for property transfers, incorporating all necessary elements for successful completion of the transaction under UAE law.

Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Context of the transaction, including brief property description and parties' intentions

3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology

4. Property Details: Comprehensive description of the property including title deed number, registration details, and exact location as per UAE land department records

5. Purchase Price: The agreed purchase price, payment schedule, and method of payment in compliance with UAE regulations

6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and escrow arrangements as per UAE law

7. Conditions Precedent: Prerequisites for completion, including required approvals from UAE authorities

8. Seller's Obligations: Seller's commitments including property transfer procedures and documentation requirements

9. Buyer's Obligations: Buyer's commitments including payment obligations and registration requirements

10. Completion: Process and requirements for completion, including registration at the relevant land department

11. Title and Registration: Provisions regarding transfer of title and registration procedures as per UAE requirements

12. Warranties and Representations: Standard warranties from both parties, customized for UAE real estate transactions

13. Default and Termination: Consequences of breach and termination rights under UAE law

14. Notices: Communication procedures between parties, including acceptable methods under UAE law

15. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of UAE courts

Optional Sections

1. Mortgage Arrangements: Required if the buyer is obtaining mortgage financing, detailing bank requirements and conditions

2. Property Management: Needed if there are interim management arrangements between signing and completion

3. Tenant Rights: Required if the property is currently tenanted, addressing existing tenancy rights

4. Foreign Ownership: Required for non-UAE national buyers, detailing compliance with foreign ownership restrictions

5. Off-Plan Provisions: Required for off-plan properties, including construction completion and developer obligations

6. Service Charge Provisions: Required for properties in managed communities, detailing service charge obligations

7. Furniture and Fittings: Required if the sale includes furniture or specific fittings

8. Power of Attorney: Required if any party is acting through an attorney or representative

Suggested Schedules

1. Property Schedule: Detailed property specifications, including floor plans and area calculations

2. Title Documents: Copies of title deed and other ownership documents

3. Payment Schedule: Detailed breakdown of payment installments and due dates

4. Inventory List: List of included furniture, fixtures, and fittings (if applicable)

5. Property Condition Report: Current condition of the property and any defects

6. Required Documents: List of documents required for transfer from both parties

7. Land Department Requirements: Specific requirements from the relevant land department for transfer

8. Due Diligence Documents: Copies of permits, certificates, and other relevant documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Investment

Hospitality

Retail

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Operations

Finance

Risk Management

Business Development

Contract Administration

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Developer

Real Estate Manager

Compliance Officer

Contract Manager

Real Estate Investment Manager

Property Acquisition Manager

Real Estate Finance Manager

Property Sales Director

Legal Director

Real Estate Operations Manager

Transaction Coordinator

Property Portfolio Manager

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