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1. Parties: Identification of the Seller, Buyer, and Current Mortgagee with full legal names and details
2. Background: Context of the sale, including existing mortgage details and intention to sell the mortgaged property
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, Existing Mortgage, etc.
4. Sale and Purchase: Core terms of the sale including the property description, purchase price, and payment terms
5. Mortgage Details: Details of the existing mortgage, outstanding amount, and arrangements for discharge
6. Completion Requirements: Conditions precedent, completion process, and requirements for transfer of title
7. Property Handover: Terms and process for physical handover of the property
8. Seller's Warranties: Warranties regarding property title, condition, and existing encumbrances
9. Buyer's Warranties: Warranties regarding financial capacity and compliance with laws
10. Mortgagee's Consent: Terms of the mortgagee's approval and requirements for mortgage discharge
11. Registration and Transfer: Process and requirements for property registration with relevant authorities
12. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
13. Default and Remedies: Consequences of default and available remedies for each party
14. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
1. New Mortgage Arrangements: Required if buyer is obtaining new mortgage financing
2. Tenant Rights: Required if property is currently leased to tenants
3. Property Management: Required if property is part of managed community with specific obligations
4. Condition Precedent: Required if sale is subject to specific conditions like regulatory approvals
5. Broker Provisions: Required if real estate brokers are involved in the transaction
6. Islamic Finance Compliance: Required if transaction must comply with Islamic finance principles
7. Escrow Arrangements: Required if payments are handled through escrow
8. Property Inspection: Required if specific inspection requirements or condition issues exist
1. Schedule 1 - Property Details: Detailed description of property including title deed number, location, size, and specifications
2. Schedule 2 - Purchase Price and Payment Terms: Breakdown of purchase price, payment schedule, and method of payment
3. Schedule 3 - Existing Mortgage Details: Complete details of existing mortgage including account numbers, outstanding amount, and lender details
4. Schedule 4 - Completion Requirements: Checklist of documents and requirements for completion
5. Schedule 5 - Property Condition Report: Current condition of property and any agreed repairs or modifications
6. Appendix A - Required Documents: List of all required documents from each party
7. Appendix B - Form of Transfer: Template for property transfer documentation
8. Appendix C - Mortgagee's Consent Letter: Format of consent letter from existing mortgagee
Property
Title Deed
Purchase Price
Deposit
Completion Date
Completion
Business Day
Existing Mortgage
Mortgagee
Mortgage Release
Outstanding Mortgage Amount
Transfer Date
Registration Fees
Land Department
RERA
Seller's Warranties
Buyer's Warranties
Encumbrances
Default
Force Majeure
Completion Documents
Due Diligence
Property Registration
Transfer Procedures
Handover Date
Handover Protocol
Escrow Account
Escrow Agent
Applicable Laws
Broker
Broker's Commission
Valuation Report
Service Charges
Title Search
NOC
Mortgage Discharge
Property Manager
Building
Common Areas
Defects
Utility Services
Property Documents
Fixtures and Fittings
Material Adverse Change
Working Day
Representations
Property Description
Purchase Price
Payment Terms
Mortgage Discharge
Property Transfer
Completion
Registration Requirements
Warranties and Representations
Due Diligence
Title and Ownership
Encumbrances
Seller Obligations
Buyer Obligations
Mortgagee Consent
Conditions Precedent
Property Handover
Default
Termination
Force Majeure
Costs and Expenses
Tax
Insurance
Risk Transfer
Notices
Assignment
Entire Agreement
Amendments
Severability
Waiver
Governing Law
Dispute Resolution
Confidentiality
Further Assurance
Counterparts
Third Party Rights
Compliance with Laws
Islamic Finance Compliance
Registration Fees
Broker Provisions
Time of Essence
Real Estate
Banking & Finance
Islamic Banking
Property Development
Mortgage Services
Legal Services
Property Management
Financial Services
Construction & Development
Legal
Real Estate
Compliance
Risk Management
Property Management
Mortgage Operations
Islamic Banking
Contract Administration
Corporate Affairs
Property Development
Real Estate Lawyer
Property Manager
Mortgage Officer
Bank Manager
Real Estate Agent
Compliance Officer
Legal Counsel
Property Developer
Transaction Manager
Real Estate Investment Manager
Islamic Banking Specialist
Property Registration Officer
Contract Administrator
Risk Manager
Chief Legal Officer
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