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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."
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
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
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
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Investment & Asset Management
Property Management
Urban Development
Infrastructure
Hospitality
Commercial Property
Residential Property
Legal
Real Estate
Compliance
Property Management
Investment
Business Development
Risk Management
Operations
Finance
Corporate Affairs
Document Management
Asset Management
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
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