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Real Estate Purchase Form
"I need a Real Estate Purchase Form for buying a commercial warehouse in Dubai Industrial City, with completion scheduled for March 2025, including specific provisions for existing tenant rights and industrial licensing requirements."
1. Parties: Identification of buyer and seller with full legal names, Emirates ID numbers, and contact details
2. Background: Brief context of the transaction and property overview
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including location, size, type, and registration details
5. Purchase Price: Statement of the agreed purchase price and payment structure
6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and payment methods
7. Completion: Requirements and process for completion of the sale, including timing and documentation
8. Title and Ownership: Confirmation of seller's right to sell and transfer of ownership process
9. Registration: Requirements for property registration with relevant authorities
10. Seller's Warranties: Warranties regarding property ownership, condition, and legal status
11. Buyer's Obligations: Specific responsibilities and commitments of the buyer
12. Default and Termination: Consequences of default and conditions for agreement termination
13. Notices: Process for formal communications between parties
14. Governing Law: Confirmation of UAE law application and jurisdiction
1. Mortgage Contingency: Include when buyer's purchase is contingent on obtaining mortgage financing
2. Property Inspection: Include when there's a condition for professional property inspection
3. Furniture and Fixtures: Include when sale includes specific furniture or fixtures
4. Tenant Rights: Include when property is currently tenanted
5. Developer Approval: Include for properties requiring developer's approval for transfer
6. Service Charge Settlement: Include for properties with outstanding service charges
7. Power of Attorney: Include when any party is acting through a power of attorney
8. Foreign Ownership: Include when buyer is a foreign national, addressing specific requirements
1. Property Plan: Detailed floor plan and property layout
2. Title Deed: Copy of current title deed
3. Payment Schedule: Detailed breakdown of payment installments and dates
4. Property Inventory: List of included fixtures, fittings, and furniture if applicable
5. Due Diligence Documents: Copies of relevant certificates, permits, and approvals
6. Service Charge Statement: Current status of service charges and maintenance fees
7. NOC Template: Template for No Objection Certificate from developer or relevant authorities
8. Property Photographs: Recent photographs of the property
Authors
Real Estate
Banking & Finance
Legal Services
Construction
Property Development
Property Management
Investment & Asset Management
Hospitality
Retail
Commercial Property
Legal
Real Estate
Compliance
Property Management
Sales
Operations
Finance
Risk Management
Documentation
Client Relations
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Real Estate Development Manager
Investment Manager
Compliance Officer
Real Estate Transaction Coordinator
Property Valuation Specialist
Mortgage Advisor
Real Estate Portfolio Manager
Asset Manager
Property Sales Director
Real Estate Operations Manager
Legal Documentation Specialist
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