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1. Parties: Identification of the Seller, Purchaser, and any relevant financial institutions or mortgage providers
2. Background: Context of the transaction, including brief description of the property and existing mortgage arrangement
3. Definitions: Defined terms used throughout the agreement, including technical and financial terms
4. Sale and Purchase: Core terms of the transaction, including the asset being purchased and purchase price
5. Purchase Price and Payment Terms: Detailed breakdown of the purchase price, payment schedule, and method of payment
6. Mortgage Assignment: Terms of the mortgage transfer or assignment from seller to purchaser
7. Conditions Precedent: Prerequisites that must be satisfied before completion
8. Completion: Process and requirements for completing the transaction
9. Seller's Representations and Warranties: Statements of fact and assurances given by the seller regarding the property and mortgage
10. Purchaser's Representations and Warranties: Statements of fact and assurances given by the purchaser
11. Registration and Transfer: Requirements for registering the transfer with relevant authorities
12. Costs and Taxes: Allocation of transaction costs, fees, and applicable taxes
13. Notices: Communication procedures between parties
14. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction details
1. Islamic Finance Provisions: Required when the mortgage follows Sharia principles, including relevant Islamic financing structures
2. Property Management: Included when the agreement covers interim property management arrangements
3. Broker Provisions: Required when real estate brokers are involved in the transaction
4. Foreign Ownership Provisions: Required when the purchaser is a non-UAE national, addressing specific foreign ownership requirements
5. Default and Enforcement: Additional provisions regarding default scenarios and enforcement rights
6. Insurance: Specific insurance requirements beyond standard provisions
7. Third Party Rights: Required when there are relevant third party interests or rights
8. Force Majeure: Extended force majeure provisions beyond standard clauses
1. Property Details: Detailed description of the property, including title details and registration information
2. Existing Mortgage Details: Details of the current mortgage being purchased, including outstanding amounts and terms
3. Payment Schedule: Detailed breakdown of payment installments and dates
4. Required Registrations: List of all necessary registrations and filings with relevant authorities
5. Form of Transfer Instruments: Templates of required transfer documentation
6. Due Diligence Documents: List of required due diligence documents and their status
7. Property Condition Report: Current condition of the property if relevant to the transaction
8. Relevant Permits and Licenses: Copies or details of all relevant permits and licenses
Assignment Date
Business Day
Completion
Completion Date
Consideration
Current Mortgagee
Default Interest Rate
Designated Account
Dirham
Effective Date
Encumbrance
Existing Mortgage
Financial Institution
Governing Law
Interest Rate
Land Department
Material Adverse Effect
Mortgage
Mortgage Amount
Mortgage Documents
Mortgage Portfolio
Mortgage Rights
Mortgaged Property
Mortgagor
New Mortgagee
Outstanding Balance
Party
Payment Date
Property
Property Title
Purchase Price
Purchaser
Registration Authority
Regulatory Authority
RERA
Security Interest
Seller
Title Deed
Transfer Date
Transfer Documents
Transfer Fee
UAE Central Bank
Working Day
Assignment
Payment Terms
Conditions Precedent
Completion
Representations and Warranties
Registration
Transfer of Rights
Property Title
Mortgage Rights
Security Interest
Due Diligence
Regulatory Compliance
Default
Remedies
Costs and Expenses
Tax
Confidentiality
Force Majeure
Notices
Amendment
Assignment
Severability
Entire Agreement
Further Assurance
Waiver
Third Party Rights
Counterparts
Governing Law
Dispute Resolution
Banking and Financial Services
Real Estate
Property Development
Islamic Finance
Mortgage Services
Commercial Property
Residential Property
Legal Services
Financial Advisory
Property Investment
Legal
Real Estate
Mortgage Operations
Compliance
Risk Management
Property Finance
Corporate Affairs
Banking Operations
Investment
Islamic Banking
Property Services
Document Management
Legal Counsel
Real Estate Manager
Mortgage Officer
Property Finance Manager
Compliance Officer
Real Estate Director
Banking Operations Manager
Investment Manager
Property Portfolio Manager
Risk Manager
Islamic Finance Specialist
Real Estate Transaction Manager
Corporate Lawyer
Financial Controller
Chief Legal Officer
Property Services Director
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