A Post Possession Agreement is utilized in UAE real estate transactions when circumstances necessitate the buyer taking possession of a property before the sale transaction is fully completed. This arrangement might be required due to various factors such as pending mortgage approvals, administrative delays, or mutual convenience of the parties. The agreement must comply with UAE federal laws, including the UAE Civil Code and Property Law, as well as specific emirate-level regulations such as RERA guidelines in Dubai. The document carefully outlines possession terms, payment arrangements, maintenance responsibilities, insurance requirements, and risk allocation during the interim period. It serves as a crucial protective measure for both parties by clearly defining their rights and obligations during this transitional phase, helping prevent potential disputes and ensuring legal compliance within the UAE's property regulatory framework.

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

2. Background: Context of the agreement, including reference to the main purchase agreement and completion of the sale

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Possession Date, etc.

4. Grant of Possession: Terms under which possession is granted post-completion

5. Duration: Period of post-possession occupancy

6. Payment Terms: Details of rent/compensation for the post-possession period

7. Obligations of the Buyer: Responsibilities of the buyer during the post-possession period, including maintenance and insurance

8. Obligations of the Seller: Responsibilities of the seller during the post-possession period

9. Property Condition: Requirements for maintaining the property condition and handling damages

10. Termination: Circumstances and process for early termination

11. Insurance: Required insurance coverage during the post-possession period

12. Indemnification: Mutual indemnification provisions

13. Notices: Process for delivering formal notices between parties

14. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction

15. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability