The Land Sale Agreement Form is a critical legal document used in the United Arab Emirates for documenting and executing the transfer of land ownership. This document is essential for any land transaction in the UAE and must comply with both federal laws and specific emirate-level regulations. The agreement is designed to protect both parties' interests while ensuring adherence to local property laws, registration requirements, and transfer procedures. It becomes necessary whenever there is a transfer of land ownership, whether between individuals, corporate entities, or a combination thereof. The document includes comprehensive details about the property, parties involved, payment terms, warranties, and completion requirements. Special considerations are incorporated for foreign ownership restrictions, registration procedures with the relevant Land Department, and compliance with UAE Civil Code requirements. The agreement serves as the primary reference document for the transaction and is required for official property registration.
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1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and registration details if companies
2. Background: Context of the sale and brief description of the property being transferred
3. Definitions: Defined terms used throughout the agreement
4. Property Details: Comprehensive description of the property including plot number, size, location, and registration details
5. Purchase Price: The agreed price and payment terms including deposit and completion payment structure
6. Completion Requirements: Conditions to be met before completion, including documentation and registration requirements
7. Seller's Warranties: Warranties regarding ownership, encumbrances, and property condition
8. Buyer's Warranties: Warranties regarding capacity to purchase and source of funds
9. Registration and Transfer: Process for transferring ownership at the relevant land department
10. Costs and Taxes: Allocation of registration fees, transfer fees, and other transaction costs
11. Default and Termination: Consequences of breach and termination rights
12. Notices: How formal communications between parties should be made
13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Condition of Property: Detailed description of property condition, used when selling property as-is or with known defects
2. Existing Tenancies: Details of any existing tenants and lease arrangements, included when property is sold with sitting tenants
3. Mortgage Details: Required when the property is being sold subject to an existing mortgage or buyer requires mortgage financing
4. Developer Obligations: Included for off-plan properties or when the property is part of a master development
5. Service Charge Provisions: Required for properties in managed communities or buildings
6. Foreign Ownership: Special provisions required when buyer is a foreign national, addressing ownership restrictions
7. Power of Attorney: Required when either party is acting through an attorney
8. Escrow Arrangements: Used when payment is being handled through an escrow agent
1. Property Plan: Official survey plan and property drawings
2. Title Documents: Copies of title deed and other ownership documents
3. Property Photographs: Current photographs documenting the property condition
4. Inventory: List of fixtures, fittings, and contents included in the sale
5. Payment Schedule: Detailed breakdown of payment terms and installments
6. Land Department Requirements: Checklist of documents required for registration
7. Due Diligence Documents: Copies of permits, certificates, and compliance documents
8. Service Charge Statement: Current and historical service charge information for the property
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