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Plot Sale Agreement Form for United Arab Emirates

Plot Sale Agreement Form Template for United Arab Emirates

A Plot Sale Agreement Form is a legally binding document used in the United Arab Emirates for the transfer of undeveloped land or plots between parties. The agreement is governed by UAE federal laws and specific emirate-level regulations, particularly those relating to real estate transactions and property registration. It sets out the terms and conditions of the sale, including property details, purchase price, payment terms, completion requirements, and obligations of both parties. The document must comply with local Land Department requirements and RERA regulations, ensuring proper registration and transfer of ownership within the UAE's legal framework.

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What is a Plot Sale Agreement Form?

The Plot Sale Agreement Form is a crucial document used in UAE real estate transactions for the transfer of undeveloped land between parties. This agreement is essential when conducting property transactions in the UAE, where strict regulatory compliance is required under both federal laws and emirate-specific regulations. The document encompasses all necessary elements for a valid property transfer, including detailed plot specifications, payment terms, completion requirements, and regulatory compliance measures. It serves as the primary contract document for land sales, ensuring all parties' rights are protected and that the transaction meets the requirements of the UAE Land Department and other relevant authorities. The agreement must be drafted in accordance with UAE Civil Code requirements and specific real estate laws, making it a fundamental tool for property developers, investors, and individuals engaging in land transactions within the UAE.

What sections should be included in a Plot Sale Agreement Form?

1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and registration details if companies

2. Background: Context of the sale and brief description of the plot being sold

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Property Description: Detailed description of the plot including location, dimensions, plot number, and municipality details

6. Purchase Price: Statement of the total purchase price and payment structure

7. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

8. Completion: Conditions for completion, completion date, and completion procedures

9. Seller's Obligations: Key obligations of the seller including title transfer and documentation

10. Buyer's Obligations: Key obligations of the buyer including payment and compliance with regulations

11. Title and Registration: Provisions regarding transfer of title and registration requirements

12. Representations and Warranties: Standard representations and warranties from both parties

13. Default and Termination: Consequences of default and termination rights

14. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction details

15. Notices: Process for sending and receiving formal notices between parties

16. General Provisions: Standard boilerplate clauses including severability, entire agreement, etc.

What sections are optional to include in a Plot Sale Agreement Form?

1. Conditions Precedent: Used when completion is subject to specific conditions being met first

2. Development Obligations: Required when the plot comes with specific development requirements or restrictions

3. Environmental Matters: Needed when there are environmental considerations or requirements for the plot

4. Infrastructure Provisions: Include when there are specific infrastructure requirements or existing arrangements

5. Mortgage Details: Required when the purchase involves mortgage financing

6. Third Party Rights: Include when there are existing third-party rights affecting the plot

7. Force Majeure: Optional clause for handling unforeseen circumstances

8. Assignment Rights: Include when transfer rights need to be specifically addressed

What schedules should be included in a Plot Sale Agreement Form?

1. Property Plan: Detailed plan showing plot boundaries and dimensions

2. Title Documents: Copies of relevant title documents and ownership certificates

3. Payment Schedule: Detailed breakdown of payment installments and dates

4. Property Restrictions: List of any restrictions, easements, or encumbrances

5. Due Diligence Documents: Key documents reviewed during due diligence

6. Land Department Requirements: List of documents required for registration

7. Development Guidelines: Any applicable development guidelines or restrictions

8. Form of Transfer: Template transfer documents required by Land Department

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

Publisher

Ƶ

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions






































Clauses



































Relevant Industries

Real Estate

Construction

Property Development

Infrastructure Development

Urban Planning

Investment

Banking and Finance

Legal Services

Property Management

Land Development

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Property Development

Risk Management

Contract Administration

Land Acquisition

Project Management

Relevant Roles

Real Estate Director

Property Development Manager

Legal Counsel

Contract Manager

Land Acquisition Manager

Real Estate Agent

Property Lawyer

Compliance Officer

Real Estate Investment Manager

Development Director

Property Registration Officer

Sales Manager

Business Development Manager

Project Manager

Risk 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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