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Agreement For Flat Sale Template for United Arab Emirates

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Key Requirements PROMPT example:

Agreement For Flat Sale

I need an Agreement For Flat Sale for a two-bedroom apartment in Dubai Marina, with installment payments over 6 months and including provisions for the existing tenant to remain until March 2025.

Document background
The Agreement For Flat Sale is a fundamental legal document used in the United Arab Emirates for residential property transactions involving apartments or flats. This agreement is essential for documenting the terms and conditions of property sales in compliance with UAE federal laws, including the UAE Civil Code, and specific emirate-level property regulations. It is typically used when transferring ownership of residential units in multi-story buildings or apartment complexes, whether for new sales from developers or resale transactions between private parties. The agreement must incorporate provisions that satisfy local land department requirements, RERA regulations where applicable, and address crucial aspects such as payment terms, property specifications, completion procedures, and registration requirements. It serves as the primary document for protecting both buyers' and sellers' interests in flat transactions within the UAE's property market.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Context of the sale, including brief property description and seller's ownership status

3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Completion Date', 'Purchase Price', etc.

4. Sale and Purchase: Core agreement to sell and purchase the property, including the basic terms of the transaction

5. Purchase Price: Detailed breakdown of the purchase price and payment schedule, including any deposits

6. Payment Terms: Specific payment mechanisms, timelines, and conditions for payment

7. Completion: Requirements and process for completion of the sale, including documentation and registration requirements

8. Seller's Obligations: Detailed list of seller's commitments and warranties regarding the property

9. Buyer's Obligations: Detailed list of buyer's commitments and obligations regarding the purchase

10. Property Condition: Description of the property's condition and any warranties or disclaimers

11. Title and Registration: Provisions regarding clean title and the registration process at the relevant land department

12. Default and Termination: Consequences of default by either party and termination provisions

13. Notices: Process and requirements for formal communications between parties

14. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Mortgage Provisions: Include when the buyer is obtaining mortgage financing, detailing requirements and conditions

2. Service Charges: Include for properties in managed communities or buildings, detailing service charge obligations

3. Handover Procedures: Include for new properties or those requiring specific handover arrangements

4. Defect Liability: Include for new properties to specify defect liability period and remediation process

5. Furniture and Fixtures: Include when the sale includes specific furniture or fixtures

6. Power of Attorney: Include when either party is acting through an attorney

7. Foreign Ownership: Include when the buyer is a foreign national, addressing specific requirements

8. Escrow Arrangements: Include for off-plan properties or when using escrow services

9. Tenancy Provisions: Include when the property is currently tenanted

Suggested Schedules

1. Property Description Schedule: Detailed description of the property including unit number, floor, building, area, and boundaries

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Title Documents: Copies of title deed and other ownership documents

4. Property Plans: Floor plans and location maps of the property

5. Inventory List: List of included fixtures, fittings, and furniture (if applicable)

6. Building Rules and Regulations: Copy of applicable building or community rules

7. Service Charge Schedule: Details of service charges and payment requirements

8. Handover Protocol: Detailed procedure for property inspection and handover

9. Required Documents List: List of documents required from each party for completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














































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Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Property Management

Insurance

Investment

Residential Property

Commercial Property

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Business Development

Operations

Finance

Risk Management

Document Control

Relevant Roles

Real Estate Agent

Property Developer

Legal Counsel

Property Manager

Sales Manager

Mortgage Advisor

Compliance Officer

Real Estate Director

Property Consultant

Contract Manager

Transaction Coordinator

Real Estate Partner

Property Lawyer

Business Development Manager

Investment Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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