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Temporary Deed Of Sale

Temporary Deed Of Sale Template for United Arab Emirates

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Key Requirements PROMPT example:

Temporary Deed Of Sale

"I need a Temporary Deed of Sale for a commercial warehouse in Dubai Industrial City, with staged payments over 6 months starting March 2025, and final transfer conditional upon obtaining necessary industrial licenses."

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Document background
The Temporary Deed of Sale is a specialized legal instrument utilized in the United Arab Emirates when parties wish to enter into a conditional or time-bound property sale arrangement. This document type is particularly relevant when immediate permanent transfer is not feasible or desired, such as in cases of staged payments, conditional sales, or when certain prerequisites need to be met before final transfer. The deed must comply with UAE Civil Code (Federal Law No. 5 of 1985) and relevant emirate-specific property laws, making it essential for real estate transactions requiring an interim arrangement. The Temporary Deed of Sale includes crucial details such as property specifications, temporary transfer conditions, duration, payment terms, and conditions for permanent transfer, while ensuring all parties' rights are protected under UAE law.
Suggested Sections

1. Parties: Full legal names and details of the seller and buyer, including their addresses and registration details if companies

2. Background: Context of the transaction and purpose of the temporary deed of sale

3. Definitions: Key terms used throughout the deed, including 'Property', 'Temporary Period', 'Transfer Date', etc.

4. Property Details: Comprehensive description of the property being sold, including all relevant identification numbers and location details

5. Sale Terms: Core terms of the temporary sale including price, payment terms, and duration of the temporary period

6. Transfer Conditions: Conditions that must be met for the temporary sale to become permanent or be reversed

7. Warranties and Representations: Seller's warranties regarding ownership, encumbrances, and property condition

8. Handover Provisions: Terms regarding the physical handover of the property and associated documentation

9. Governing Law and Jurisdiction: Confirmation of UAE law application and relevant emirate jurisdiction

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Mortgage Details: Required if the property is subject to any existing mortgage or will be mortgaged as part of the transaction

2. Third Party Rights: Include when there are existing tenants or other third-party interests in the property

3. Special Conditions: Any unique terms specific to this temporary sale arrangement

4. Insurance Requirements: Include when specific insurance arrangements are required during the temporary period

5. Default and Remedies: Detailed provisions for breach scenarios, include when additional protection is needed

6. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

7. Assignment Rights: Include when either party may need to transfer their rights under the deed

Suggested Schedules

1. Property Schedule: Detailed property description, including plans, drawings, and specifications

2. Payment Schedule: Breakdown of payment terms, installments, and due dates

3. Condition Report: Detailed report of the property's condition at the time of the temporary sale

4. Required Documents: List of all documents required for the final transfer

5. Existing Tenancies: Details of any existing lease agreements affecting the property

6. Property Title Documents: Copies of relevant title documents and certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Commercial Property

Residential Property

Industrial Property

Retail

Hospitality

Manufacturing

Warehousing and Logistics

Construction

Banking and Finance

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Business Development

Corporate Affairs

Asset Management

Investment

Operations

Risk Management

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Corporate Lawyer

Property Manager

Compliance Officer

Real Estate Director

Chief Legal Officer

Contract Manager

Transaction Manager

Real Estate Agent

Property Consultant

Business Development Manager

Investment Manager

Asset Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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