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The Rent To Own Agreement Form is a specialized legal instrument used in the United Arab Emirates when a property owner wishes to offer a tenant the opportunity to purchase the property while initially renting it. This arrangement is particularly relevant in the UAE's dynamic real estate market, where it provides flexibility for both parties while ensuring compliance with local property laws and regulations. The document covers both the rental phase and the potential purchase, including specific provisions for rental payments, purchase option terms, property maintenance, and eventual transfer of ownership. It must adhere to UAE federal property laws, emirate-specific regulations, and RERA requirements, while often incorporating Sharia-compliant elements. This agreement type is commonly used in both residential and commercial property transactions, particularly in situations where immediate purchase isn't feasible or desired.

1. Parties: Identification of the Property Owner/Seller and the Tenant/Prospective Buyer, including their full legal names, Emirates ID numbers, and contact details

2. Background: Context of the agreement, including the property owner's intention to sell and the tenant's intention to purchase through a rent-to-own arrangement

3. Definitions: Key terms used throughout the agreement, including Property, Purchase Price, Rental Period, Option Period, and Payment Terms

4. Property Details: Comprehensive description of the property, including location, size, registration details, and RERA property identification number

5. Rental Terms: Specific terms of the rental period, including monthly rent, maintenance responsibilities, and duration

6. Purchase Option Terms: Details of the purchase option, including the final purchase price, credit of rental payments, and exercise period

7. Payment Structure: Breakdown of payments, including rent, option fees, purchase price, and how rental payments contribute to the purchase

8. Property Transfer Conditions: Requirements and procedures for transferring property ownership upon exercise of the purchase option

9. Maintenance and Repairs: Responsibilities for property maintenance during the rental period and transition of responsibilities

10. Default and Termination: Consequences of default by either party and conditions for agreement termination

11. Registration Requirements: Procedures for registering the agreement with relevant authorities as per UAE law

12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for dispute resolution