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Sale Deed For Undivided Share Of Land Template for United Arab Emirates

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Key Requirements PROMPT example:

Sale Deed For Undivided Share Of Land

"I need a Sale Deed for Undivided Share of Land for a commercial property in Dubai, transferring a 25% share to a corporate buyer, with specific provisions for property management and maintenance cost sharing between co-owners."

Document background
The Sale Deed For Undivided Share of Land is essential for transactions involving partial property ownership in the UAE, particularly when multiple owners hold interests in a single property without physical division. This document is commonly used in joint ventures, family property arrangements, or investment partnerships where parties wish to own specific percentages of a property while maintaining its unity. It must comply with UAE federal property laws and local emirate regulations, including specific requirements for property registration and transfer procedures. The deed includes crucial information such as party details, property specifications, share percentages, consideration amount, and co-ownership terms. It serves as the primary evidence of ownership rights and is required for registration with the UAE Land Department.
Suggested Sections

1. Parties: Details of the Seller(s) and Buyer(s) including full legal names, Emirates ID numbers, passport numbers, and complete addresses

2. Background: Context of the transaction, current ownership status, and brief history of the property

3. Definitions: Key terms used in the deed including 'Property', 'Undivided Share', 'Common Areas', 'Share Percentage', and other relevant terms

4. Property Details: Complete legal description of the entire property including plot number, municipality number, area, boundaries, and existing encumbrances

5. Share Details: Precise specification of the undivided share being sold, expressed as a percentage or fraction

6. Consideration: Purchase price, payment terms, and payment schedule if applicable

7. Seller's Representations and Warranties: Declarations regarding ownership, absence of encumbrances, and authority to sell

8. Transfer of Title: Terms and process of transferring the undivided share to the buyer

9. Registration: Requirements and procedures for registering the transfer with relevant authorities

10. Costs and Fees: Allocation of registration fees, transfer fees, and other associated costs

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction

Optional Sections

1. Co-owners' Rights and Obligations: Used when specific arrangements between co-owners need to be documented regarding property usage, maintenance, and management

2. Management Agreement: Include when there are specific arrangements for managing the shared property

3. Right of First Refusal: Optional clause giving other co-owners first right to purchase if any owner wishes to sell their share

4. Dispute Resolution: Alternative dispute resolution mechanisms, if parties wish to specify mediation or arbitration before court proceedings

5. Power of Attorney: Include when any party is acting through an attorney or requires specific powers for completing the transaction

6. Partition Rights: Used when parties want to specify rights or restrictions regarding future property partition

Suggested Schedules

1. Property Title Deed: Copy of the original title deed showing current ownership

2. Property Plan: Approved survey plan showing property boundaries and dimensions

3. Co-ownership Schedule: List of all co-owners and their respective shares after the transfer

4. Payment Schedule: If payment is to be made in installments, detailed schedule of payments

5. Property Photographs: Recent photographs of the property for identification purposes

6. NOC from Developer/Authority: Any required No Objection Certificates from relevant authorities

7. Previous Agreements: Any existing agreements between co-owners that affect the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Real Estate

Construction

Property Development

Banking & Finance

Legal Services

Investment & Asset Management

Property Management

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Infrastructure

Hospitality

Commercial Property

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Relevant Teams

Legal

Real Estate

Compliance

Property Management

Investment

Business Development

Risk Management

Operations

Finance

Corporate Affairs

Document Management

Asset Management

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Real Estate Agent

Property Developer

Investment Manager

Land Registration Officer

Compliance Officer

Real Estate Investment Analyst

Property Valuation Specialist

Contract Manager

Real Estate Transaction Coordinator

Business Development Manager

Asset Manager

Risk Manager

Corporate Lawyer

Property Portfolio Manager

Industries








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