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Real Estate Offer To Purchase
"I need a Real Estate Offer To Purchase for a luxury villa in Dubai Marina, with a proposed completion date of March 15, 2025, including specific provisions for the inclusion of custom-built furniture and a contingency for obtaining mortgage approval from a UAE bank."
1. Parties: Details of the buyer (purchaser) and seller, including full legal names, Emirates ID numbers for UAE residents, passport numbers for non-residents, and contact information
2. Background: Brief context of the transaction and purpose of the offer
3. Definitions: Key terms used throughout the document, including Property, Purchase Price, Deposit, Completion Date, etc.
4. Property Details: Comprehensive description of the property including address, size, type, registration details, and RERA property identification number
5. Purchase Price: The total purchase price, currency, and payment structure including deposit amounts and timing
6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and any financing conditions
7. Deposit: Amount of deposit, payment timing, and terms for holding and release
8. Due Diligence Period: Timeframe and conditions for buyer's property inspection and document verification
9. Conditions Precedent: Conditions that must be satisfied before the agreement becomes binding
10. Completion: Requirements and process for closing the transaction, including timing and location
11. Seller's Warranties: Representations and warranties regarding property ownership, condition, and legal status
12. Buyer's Warranties: Representations regarding ability to complete purchase and compliance with UAE laws
13. Default and Termination: Consequences of default by either party and termination rights
14. Governing Law and Jurisdiction: Specification of UAE law governance and jurisdiction for disputes
15. Notices: Process and requirements for formal communications between parties
16. Execution: Signature requirements and execution formalities
1. Financing Contingency: Required when buyer's offer is contingent on obtaining mortgage financing
2. Property Management Handover: Needed for properties within managed communities or buildings
3. Tenancy Status: Required when property is currently tenanted or has existing lease agreements
4. Furniture and Fixtures: Used when sale includes specific furniture or fixtures
5. Foreign Ownership Declaration: Required for non-UAE national buyers in areas where foreign ownership is permitted
6. Power of Attorney: Needed when either party is acting through an authorized representative
7. Service Charge Settlement: Required for properties in communities with service charges
8. Parking Allocation: Needed when specific parking spaces are included in the sale
9. Developer Approval: Required for properties where developer's pre-approval is needed for transfer
1. Schedule 1 - Property Details: Detailed property specifications, including floor plans and area calculations
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and due dates
3. Schedule 3 - Included Items: List of fixtures, fittings, and other items included in the sale
4. Schedule 4 - Due Diligence Documents: List of required documents for verification during due diligence
5. Schedule 5 - Property Condition Report: Current condition of property and any identified defects
6. Appendix A - Property Title Deed: Copy of current title deed or ownership documentation
7. Appendix B - RERA Approvals: Relevant RERA permits and approvals
8. Appendix C - Building Plans: Approved building plans and layouts
9. Appendix D - Service Charge Statement: Current status of service charges and management fees
Authors
Applicable Laws
Broker
Building
Business Day
Buyer
Completion
Completion Date
Conditions Precedent
Deposit
Developer
Due Diligence Period
Effective Date
Encumbrance
Emirates ID
Force Majeure
Governing Law
Land Department
Master Community
NOC
Offer
Owner's Association
Parties
Payment Schedule
Permitted Use
Property
Purchase Price
RERA
Registration Fees
Relevant Authority
Seller
Service Charges
Signatory
Title Deed
Transaction
Transfer Date
Unit
Warranties
Purchase Price
Payment Terms
Deposit
Due Diligence
Property Inspection
Title and Ownership
Conditions Precedent
Warranties and Representations
Registration Requirements
Completion
Default
Termination
Risk and Insurance
Assignment
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Confidentiality
Further Assurance
Survival
Third Party Rights
Language
Amendments
Time of Essence
Counterparts
Real Estate
Property Development
Banking & Finance
Legal Services
Property Management
Construction
Investment & Asset Management
Insurance
Facilities Management
Urban Planning
Architecture & Design
Legal
Real Estate
Property Management
Sales
Compliance
Finance
Investment
Operations
Risk Management
Business Development
Asset Management
Facilities Management
Transaction Advisory
Document Management
Real Estate Agent
Property Lawyer
Legal Counsel
Real Estate Manager
Property Developer
Investment Manager
Compliance Officer
Property Valuation Specialist
Mortgage Advisor
Real Estate Broker
Property Portfolio Manager
Asset Manager
Transaction Manager
Development Director
Real Estate Analyst
Property Consultant
Sales Manager
Legal Director
Finance Manager
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