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Land Sale Contract Template
I need a Land Sale Contract Template for a commercial plot in Dubai Industrial City, compliant with RERA regulations and including specific provisions for industrial zoning requirements, with completion scheduled for March 2025.
1. Parties: Details of the Seller and Buyer, including full legal names, Emirates ID numbers, and contact information as required by UAE law
2. Background: Context of the sale and confirmation of the Seller's ownership and right to sell the property
3. Definitions: Definitions of key terms used throughout the agreement, including Property, Completion Date, and Purchase Price
4. Property Details: Comprehensive description of the property including plot number, municipality number, location, and size as per title deed
5. Purchase Price: The agreed purchase price, payment schedule, and method of payment
6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and final payment arrangements
7. Completion: Process and requirements for completion of the sale, including registration requirements at the relevant land department
8. Seller's Obligations: Responsibilities of the seller including providing clear title, necessary documentation, and property handover requirements
9. Buyer's Obligations: Responsibilities of the buyer including payment obligations, due diligence requirements, and registration responsibilities
10. Warranties and Representations: Standard warranties from both parties regarding capacity, authority, and property condition
11. Registration and Transfer: Procedures for property registration and transfer at the relevant land department
12. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
13. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and specification of relevant emirate's courts' jurisdiction
14. Notices: Process for serving formal notices between parties
15. Execution: Signature blocks and execution requirements
1. Condition Precedents: Used when the sale is subject to specific conditions being met before completion, such as mortgage approval or government permits
2. Mortgage Details: Required when the property is being purchased with mortgage financing, detailing the mortgage provider and arrangements
3. Property Management: Included when there are specific arrangements for property management during the transition period
4. Tenancy Provisions: Required when the property is sold with existing tenants, detailing the handling of tenant deposits and lease agreements
5. Development Obligations: Needed for off-plan properties or properties requiring specific development works
6. Force Majeure: Optional clause dealing with unforeseen circumstances that may affect completion
7. Dispute Resolution: Alternative dispute resolution mechanisms if parties wish to include arbitration or mediation options
8. Language: Required when the contract is bilingual, specifying which language prevails
1. Property Title Deed: Copy of the original title deed with property details
2. Property Plans: Official property plans, layouts, and boundaries from the municipality
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Condition Report: Detailed report on the current condition of the property
5. Due Diligence Documents: List of all property-related documents reviewed during due diligence
6. Existing Tenancy Documents: Copies of current lease agreements and tenant details if applicable
7. Service Charge Details: Information about ongoing service charges and maintenance fees
8. Power of Attorney: If applicable, POA documentation for either party
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Property Management
Investment & Asset Management
Public Sector & Government
Hospitality & Tourism
Retail & Commercial
Legal
Real Estate
Compliance
Property Management
Investment
Asset Management
Business Development
Operations
Finance
Risk Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Investment Manager
Asset Manager
Real Estate Investment Director
Contract Manager
Land Registration Officer
Property Consultant
Real Estate Transaction Manager
Development Director
Chief Legal Officer
Real Estate Portfolio Manager
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