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Property Waiver Form
I need a Property Waiver Form for my client who wants to relinquish their ownership rights in a Dubai commercial property to their business partner, with the transfer to be completed by March 2025, including specific conditions about outstanding mortgage payments.
1. Parties: Identification of the party waiving rights (Waiving Party) and the party receiving the waiver (Receiving Party), including full legal names, Emirates ID numbers, and contact details
2. Background: Brief context explaining the circumstances leading to the waiver and the existing property rights
3. Definitions: Key terms used in the document, including 'Property', 'Rights', 'Waiver', and other relevant terms
4. Property Details: Specific identification of the property subject to the waiver, including address, property ID, and registration details
5. Waiver Declaration: Clear and explicit statement of the rights being waived, confirming voluntary and informed nature of the waiver
6. Consideration: Statement of any consideration (if applicable) being provided in exchange for the waiver
7. Representations and Warranties: Confirmations by the Waiving Party regarding their authority, capacity, and understanding of the waiver
8. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant emirate courts' jurisdiction
9. Execution: Signature blocks for all parties and witnesses
1. Duration and Timing: For temporary waivers or those with specific time conditions
2. Conditional Clauses: When the waiver is subject to specific conditions or future events
3. Partial Waiver Provisions: When only certain rights or portions of property rights are being waived
4. Related Party Consents: When additional parties' consents are required (e.g., mortgagee, co-owner)
5. Reversal Rights: Terms under which the waiver might be reversed or rights reinstated
6. Language Declaration: When document is bilingual, specifying which version prevails
1. Schedule 1 - Property Details: Detailed description of the property, including plans, maps, or title details
2. Schedule 2 - Rights Being Waived: Comprehensive list of specific rights being waived
3. Appendix A - Property Documentation: Copies of relevant property ownership documents, title deeds
4. Appendix B - Authority Documents: Powers of attorney, board resolutions, or other authority documents
5. Appendix C - Related Agreements: References to or copies of related agreements affecting the waiver
Authors
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Property Management
Family Business
Investment & Asset Management
Hospitality
Commercial Property
Residential Property
Legal
Real Estate
Property Management
Compliance
Risk Management
Corporate Secretarial
Asset Management
Operations
Facilities Management
Transaction Advisory
Legal Counsel
Property Manager
Real Estate Director
Compliance Officer
Risk Manager
Company Secretary
Real Estate Agent
Property Developer
Asset Manager
Transaction Manager
Legal Director
Corporate Lawyer
Property Registration Officer
Real Estate Partner
Conveyancing Manager
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