The House Sales Contract On For Sale By Owner is a specialized legal document designed for use in the United Arab Emirates when property owners wish to sell their residential property directly to buyers without engaging a real estate agency. This document type is particularly relevant in the UAE's dynamic real estate market, where direct property sales are becoming increasingly common. The contract ensures compliance with UAE Federal Law No. 5 of 1985 (Civil Code) and various emirate-specific real estate regulations. It includes comprehensive provisions covering property details, payment terms, warranties, and transfer procedures, while incorporating specific requirements of the UAE Land Department and other relevant authorities. The document is structured to protect both parties' interests while facilitating a smooth property transfer process in accordance with UAE property laws and regulations.
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1. Parties: Identification of the seller and buyer with full legal names, Emirates ID numbers, and contact details
2. Background: Brief context of the sale, including property ownership history and intention to transfer
3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant terms
4. Property Details: Comprehensive description of the property including address, plot number, size, type, and registration details with the Land Department
5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and payment schedule
6. Completion: Details of the completion process, including timing, location, and requirements for transfer
7. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with regulations
8. Property Condition: Statement of the property's condition and any agreed repairs or modifications before completion
9. Transfer of Ownership: Process and requirements for legal transfer of ownership through the relevant Land Department
10. Costs and Taxes: Allocation of registration fees, transfer fees, and other associated costs
11. Default and Termination: Consequences of default by either party and circumstances for contract termination
12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts
1. Mortgage Arrangements: Include when the property has an existing mortgage or the buyer requires mortgage financing
2. Foreign Ownership: Required when either party is a non-UAE national, addressing specific requirements and restrictions
3. Tenant Rights: Include if the property is currently tenanted, addressing existing lease agreements
4. Property Management: Include if there are ongoing management arrangements that need to be transferred
5. Furniture and Fixtures: Include if the sale includes specific furniture or fixtures
6. Service Charges: Include for properties in managed communities with service charge obligations
7. Defect Liability: Include for newer properties still under developer warranty
8. Post-Completion Obligations: Include if there are specific requirements after completion, such as maintenance agreements
1. Schedule 1 - Property Description: Detailed property specifications, floor plans, and boundary details
2. Schedule 2 - Title Documents: List of all relevant title documents and certificates
3. Schedule 3 - Included Items: Inventory of fixtures, fittings, and other items included in the sale
4. Schedule 4 - Property Condition Report: Detailed report on the current condition of the property
5. Schedule 5 - Payment Schedule: Detailed breakdown of payment terms and installments
6. Appendix A - Property Photos: Recent photographs of the property and included items
7. Appendix B - Required Documents: Checklist of documents required for completion
8. Appendix C - Service Contracts: Details of any transferable service contracts or warranties
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