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1. Parties: Identification of the Property Owner/Seller and the Tenant/Buyer, including full legal names, Emirates ID numbers, and contact details
2. Background: Context of the agreement, including the property owner's right to sell and the tenant's intention to eventually purchase
3. Definitions: Key terms used throughout the agreement, including Property, Purchase Price, Rental Period, Option Period, and Payment Terms
4. Property Details: Comprehensive description of the property, including location, size, and registration details as per UAE property regulations
5. Term and Possession: Duration of the rent-to-own agreement, possession date, and conditions for extension
6. Rental Terms: Monthly rental amount, payment schedule, and allocation between rent and purchase price credit
7. Purchase Option: Terms and conditions for exercising the purchase option, including price calculation and deadline
8. Payment Structure: Detailed breakdown of payments, including initial deposit, monthly payments, and final purchase price
9. Property Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements during the rental period
10. Insurance Requirements: Mandatory insurance coverage for both parties during the term of the agreement
11. Default and Remedies: Consequences of default by either party and available remedies
12. Transfer of Title: Process and conditions for the transfer of property ownership upon completion
13. Governing Law and Jurisdiction: Application of UAE laws and specification of jurisdiction for dispute resolution
1. Early Purchase Option: Terms for early exercise of the purchase option, used when allowing the tenant to buy before the standard term
2. Property Management: Applicable for properties in managed communities, detailing service charges and community rules
3. Mortgage Arrangements: Required when the tenant plans to secure mortgage financing for the final purchase
4. Islamic Finance Compliance: Additional terms to ensure Sharia compliance, used when parties require Islamic financing structure
5. Third-Party Rights: Needed when other parties have interests in the property or transaction
6. Force Majeure: Additional provisions for unforeseen circumstances affecting contract performance
7. Assignment Rights: Terms for transferring contract rights, used when either party may need to assign their position
8. Renovation Terms: Used when allowing the tenant to make substantial property modifications during the rental period
1. Schedule 1: Property Details: Detailed property specification, including floor plans, fixtures, and fittings
2. Schedule 2: Payment Schedule: Comprehensive payment timeline showing rental payments, purchase price credits, and balance calculations
3. Schedule 3: Property Condition Report: Initial condition assessment and documentation of the property
4. Schedule 4: Required Insurance Coverage: Specific insurance requirements and minimum coverage amounts
5. Schedule 5: Property Title Documents: Copies of title deed and other property ownership documents
6. Appendix A: RERA Compliance Documents: Required regulatory forms and approvals
7. Appendix B: Property Maintenance Schedule: Detailed maintenance responsibilities and schedules
8. Appendix C: Community Rules: Applicable community guidelines and regulations
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