The Agreement To Buy And Sell (Real Estate) is a fundamental legal document used in Qatar for property transactions between sellers and buyers. This agreement is essential for any real estate transfer in Qatar, whether for residential, commercial, or investment properties. It must comply with Qatar's specific legal framework, including Law No. 16 of 2018 regarding foreign ownership, Law No. 14 of 1964 for property registration, and various other real estate regulations. The document serves as a comprehensive record of the transaction terms, including property details, price, payment schedule, warranties, and completion requirements. It's particularly important in Qatar's growing real estate market, where both local and foreign investments are subject to specific regulatory requirements and registration procedures.
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1. Parties: Identifies and provides full details of the Seller and Buyer, including their legal capacity to enter into the agreement
2. Background: Outlines the context of the transaction and confirms the Seller's ownership of the property
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed description of the property including location, boundaries, and registration details
5. Purchase Price: Specifies the agreed purchase price and payment terms
6. Payment Terms: Details the payment schedule, deposit requirements, and payment methods
7. Completion: Specifies the completion date and process for transferring ownership
8. Seller's Warranties: Warranties regarding property ownership, condition, and absence of encumbrances
9. Due Diligence: Buyer's right to conduct property investigations and documentation review
10. Registration and Transfer: Process for legal registration and transfer of ownership
11. Costs and Taxes: Allocation of transaction costs, fees, and applicable taxes
12. Default and Termination: Consequences of default and circumstances for termination
13. Notices: Protocol for official communications between parties
14. Governing Law and Jurisdiction: Confirms Qatar law governance and jurisdiction for disputes
15. Execution: Signing requirements and execution formalities
1. Foreign Ownership Compliance: Required when buyer is non-Qatari, addressing compliance with foreign ownership laws
2. Mortgage Arrangements: Included when the purchase involves mortgage financing
3. Condition of Property: Detailed when property is sold with specific conditions or ongoing maintenance issues
4. Tenant Rights: Required when property is sold with existing tenants
5. Development Requirements: Included for undeveloped land or properties requiring specific development obligations
6. Property Management Handover: Required for properties with existing management arrangements
7. Furniture and Fixtures: Included when sale includes specific furniture or fixtures
8. Post-Completion Obligations: Added when parties have ongoing obligations after completion
1. Property Details Schedule: Comprehensive technical description of property, including plans and measurements
2. Title Documents: Copies of property ownership documents and registration certificates
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Property Inventory: List of included fixtures, fittings, and furniture if applicable
5. Due Diligence Documents: Property inspection reports, certificates, and compliance documents
6. Encumbrances Schedule: Details of any existing mortgages, liens, or other encumbrances
7. Property Plans: Official property plans, drawings, and boundary maps
8. Regulatory Approvals: Copies of relevant permits, certificates, and regulatory approvals
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Property Management
Investment & Asset Management
Hospitality
Retail
Commercial Property
Residential Property
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Asset Management
Investment
Commercial
Operations
Finance
Risk Management
Relevant Roles
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Real Estate Broker
Property Valuation Specialist
Investment Manager
Asset Manager
Property Manager
Real Estate Director
Commercial Director
Chief Legal Officer
Real Estate Partner
Contracts Manager
Transaction Manager
Development Director
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