The Home Buying Contract is a fundamental legal instrument used in Qatar's real estate market for residential property transactions. It is designed to comply with Qatar's property laws, including Law No. 6 of 2014 (Real Estate Development Law) and Law No. 16 of 2018 (regulating non-Qatari ownership). This contract template is essential for documenting property sales between parties, ensuring legal compliance, and protecting both buyers' and sellers' interests. It includes provisions for property description, payment terms, transfer procedures, and party obligations, while accommodating various scenarios such as foreign ownership and mortgage financing. The document serves as a comprehensive framework for residential property transactions in Qatar, incorporating necessary legal requirements for property registration and transfer.
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1. Parties: Identification of the seller and buyer with full legal names, Qatar ID numbers, and contact details
2. Background: Brief context of the transaction and property overview
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Details: Comprehensive description of the property including location, size, boundaries, and registration details as per Qatar Property Registration Law
5. Purchase Price: Agreed purchase price, payment terms, and schedule of payments
6. Payment Terms: Detailed breakdown of payment structure, including deposits and final payment arrangements
7. Completion Process: Steps for property transfer, registration, and handover procedures
8. Seller's Warranties: Seller's representations regarding property ownership, condition, and legal status
9. Buyer's Obligations: Buyer's commitments including payment, due diligence, and registration requirements
10. Property Registration: Process and requirements for transferring property title as per Qatar law
11. Handover Terms: Conditions and process for physical possession transfer
12. Governing Law: Confirmation of Qatar law application and jurisdiction
13. Termination: Circumstances and process for contract termination
14. Dispute Resolution: Process for handling disputes under Qatar law
1. Mortgage Provisions: Include when buyer is obtaining mortgage financing, detailing lender requirements and conditions
2. Foreign Ownership Compliance: Required when buyer is non-Qatari, addressing specific requirements under Law No. 16 of 2018
3. Property Management: Include for properties within managed communities or compounds
4. Condition Precedents: Include when sale is subject to specific conditions being met
5. Broker Provisions: Include when real estate brokers are involved in the transaction
6. Defects Liability: Include for new properties or those under warranty
7. Service Charge Provisions: Include for properties subject to service charges or community fees
1. Property Description Schedule: Detailed technical description, boundaries, and plans of the property
2. Title Documents: Copies of current title deed and property registration documents
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Inspection Report: Technical inspection report and condition assessment
5. Inventory List: List of fixtures, fittings, and items included in the sale
6. Required Permits: Copies of relevant permits and certificates
7. Property Plans: Architectural plans and drawings of the property
8. Service Charge Schedule: Details of ongoing charges and maintenance fees if applicable
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