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Instalment Sale Agreement Property
"I need an Installment Sale Agreement Property for a luxury villa in Dubai, with monthly payments over 3 years starting March 2025, including specific provisions for early payment options and property maintenance during the payment period."
1. Parties: Identification of the seller and purchaser with full legal names and details
2. Background: Context of the transaction, including property overview and intention to sell/purchase via installments
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the property sale including the total purchase price
5. Property Details: Detailed description of the property including title deed information
6. Purchase Price and Payment Terms: Breakdown of installment amounts, payment schedule, and payment methods
7. Completion and Transfer: Conditions for final transfer of property ownership upon completion of payments
8. Seller's Warranties: Warranties regarding property ownership, condition, and legal status
9. Purchaser's Obligations: Obligations including timely payments and maintenance responsibilities
10. Default and Remedies: Consequences of payment default and available remedies
11. Registration and Title: Requirements for property registration and title transfer process
12. Possession and Risk: Terms regarding property possession and transfer of risk
13. Notices: Process for sending and receiving formal communications
14. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction
15. General Provisions: Standard boilerplate clauses including amendments, waiver, and severability
1. Islamic Finance Compliance: Required when the transaction needs to comply with Sharia principles
2. Property Management: Include when the property is part of a managed community or building
3. Insurance Requirements: Added when specific insurance obligations are to be imposed on either party
4. Maintenance and Repairs: Include when specific maintenance obligations need to be defined during the installment period
5. Third-Party Rights: Required when there are existing tenants or other third-party interests
6. Early Payment Provisions: Include when early payment options or discounts are offered
7. Force Majeure: Added when specific force majeure provisions are required beyond standard provisions
8. Escrow Arrangements: Required when payments are to be managed through an escrow account
1. Schedule 1 - Property Details: Detailed property specifications, boundaries, and included fixtures/fittings
2. Schedule 2 - Payment Schedule: Detailed breakdown of installment amounts and due dates
3. Schedule 3 - Title Documents: Copies of relevant title documents and certificates
4. Schedule 4 - Property Condition Report: Detailed report on property condition at time of agreement
5. Schedule 5 - Required Insurances: Specifications of required insurance coverage
6. Appendix A - Property Plans: Floor plans, location maps, and other property diagrams
7. Appendix B - Property Photographs: Current photographs of the property and its condition
8. Appendix C - Building Rules and Regulations: If applicable, community or building regulations
Authors
Real Estate
Property Development
Construction
Banking and Finance
Islamic Finance
Legal Services
Property Management
Real Estate Investment
Residential Property
Commercial Property
Retail Property
Industrial Property
Legal
Real Estate
Finance
Compliance
Sales
Property Management
Risk Management
Operations
Investment
Corporate Affairs
Real Estate Manager
Property Developer
Legal Counsel
Contract Manager
Real Estate Agent
Property Manager
Financial Controller
Compliance Officer
Real Estate Investment Manager
Sales Director
Chief Financial Officer
Real Estate Operations Manager
Transaction Manager
Risk Manager
Islamic Finance Specialist
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