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Property Assignment Agreement
"I need a Property Assignment Agreement for transferring ownership of a commercial warehouse in Dubai Industrial City from my company to a German manufacturing firm, including provisions for existing tenant agreements and a phased completion schedule ending March 2025."
1. Parties: Identification of the Assignor and Assignee with full legal names and details as required by UAE law
2. Background: Context of the assignment, including brief description of the property and purpose of the transfer
3. Definitions: Definitions of key terms used throughout the agreement, including Property, Completion Date, and Purchase Price
4. Sale and Assignment: Core provision transferring ownership of the property from Assignor to Assignee
5. Purchase Price: Details of the consideration, payment terms, and payment mechanics
6. Completion: Specific requirements and steps for completion of the transfer, including registration requirements
7. Assignor's Warranties: Warranties regarding ownership, authority to sell, and status of the property
8. Assignee's Warranties: Warranties regarding authority to purchase and compliance with UAE ownership requirements
9. Registration and Transfer: Procedures for property registration and transfer with relevant authorities
10. Costs and Taxes: Allocation of transfer fees, registration costs, and any applicable taxes
11. Notices: Communication procedures between parties
12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
13. Execution: Signature blocks and execution formalities
1. Mortgage and Encumbrances: Required if property has existing mortgage or encumbrances that need to be discharged
2. Condition of Property: Detailed provisions about property condition if being sold as-is or with specific conditions
3. Service Contracts: Required if there are ongoing service contracts that need to be assigned or terminated
4. Tenant Provisions: Required if property is subject to existing tenancy
5. Escrow Arrangements: Required if purchase price is to be held in escrow
6. Property Management: Required for properties in managed communities or with specific management requirements
7. Development Obligations: Required if property is part of an ongoing development with outstanding obligations
8. Foreign Ownership Compliance: Required if assignee is a foreign national or entity
1. Property Description: Detailed legal description of the property including title details and registration information
2. Purchase Price Details: Breakdown of purchase price, payment schedule, and payment mechanics
3. Form of Transfer Documents: Templates of required transfer documents for relevant authorities
4. Existing Tenancy Details: Details of any existing tenancy agreements if applicable
5. Property Plans: Official property plans and surveys
6. Outstanding Liabilities: List of any outstanding service charges, utility bills, or other liabilities
7. Completion Requirements: Checklist of documents and requirements for completion
8. Property Inventory: If applicable, inventory of items included in the sale
Authors
Assignor
Assignee
Completion
Completion Date
Deposit
Effective Date
Encumbrances
Land Department
Municipality
Property
Property Title Deed
Purchase Price
Registration Fee
Relevant Authority
Service Charges
Title
Transfer Date
Transfer Documents
UAE
Working Day
Applicable Laws
Assignment
Business Day
Completion Documents
Due Diligence
Existing Tenancies
Force Majeure
Liability
NOC
Parties
Property Documents
Property Rights
Registration
RERA
Signing Date
Term
Transfer Fee
Utilities
Warranties
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Title Transfer
Registration
Warranties and Representations
Due Diligence
Condition of Property
Encumbrances
Completion
Pre-Completion Obligations
Post-Completion Obligations
Transfer of Risk
Insurance
Service Charges
Utilities
Property Management
Existing Tenancies
Assignment
Force Majeure
Termination
Default
Remedies
Indemnification
Costs and Taxes
Notices
Confidentiality
Entire Agreement
Amendment
Severability
Waiver
Further Assurance
Governing Law
Dispute Resolution
Language
Counterparts
Real Estate
Construction
Banking & Finance
Property Development
Hospitality
Retail
Commercial Office Space
Industrial & Warehousing
Healthcare
Education
Government & Public Sector
Property Investment
Legal
Real Estate
Compliance
Property Management
Facilities Management
Asset Management
Operations
Finance
Risk Management
Corporate Services
Investment
Business Development
Real Estate Manager
Property Lawyer
Legal Counsel
Property Developer
Real Estate Agent
Compliance Officer
Property Investment Manager
Contract Manager
Real Estate Director
Facilities Manager
Asset Manager
Property Portfolio Manager
Real Estate Transaction Specialist
Corporate Counsel
Chief Legal Officer
Real Estate Operations Manager
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