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1. Parties: Identification of the Developer/Seller and the Reserving Party/Buyer with full legal names and details
2. Background: Context of the reservation agreement, including brief description of the development project and property
3. Definitions: Key terms used throughout the agreement including Property, Reservation Fee, Reservation Period, etc.
4. Property Details: Specific description of the property being reserved, including unit number, size, and location details
5. Reservation Terms: Core terms including reservation period, exclusivity, and conditions
6. Reservation Fee: Amount of reservation fee, payment terms, and handling of the fee
7. Rights and Obligations: Specific rights and obligations of both parties during the reservation period
8. Duration and Termination: Length of reservation period and circumstances for termination
9. Refund Conditions: Terms and conditions for refund of the reservation fee
10. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction
1. Sales and Purchase Agreement Terms: Include when the reservation will lead to a specific SPA, outlining key terms of the future agreement
2. Payment Schedule: Include when there are multiple payment installments for the reservation fee
3. Developer's Warranties: Include when specific warranties about the property or development are being made
4. Force Majeure: Include when needed to address potential extraordinary circumstances affecting the reservation
5. Confidentiality: Include when sensitive commercial information is being shared
6. Assignment Rights: Include when the right to assign the reservation needs to be addressed
7. RERA Compliance: Include specific section when property is in Dubai to address RERA requirements
1. Schedule 1 - Property Specification: Detailed description of the property including floor plans, finishes, and specifications
2. Schedule 2 - Payment Terms: Detailed breakdown of the reservation fee and payment schedule if applicable
3. Schedule 3 - Project Information: Details about the development project, including amenities and expected completion date
4. Schedule 4 - Form of Sale and Purchase Agreement: Draft or key terms of the future sale agreement
5. Appendix A - Property Documents: Copies of relevant property documentation including title deed or development approvals
6. Appendix B - Required Identification Documents: List and copies of required identification documents for both parties
Authority
Business Day
Completion Date
Developer
Development
Deposit
Due Date
Effective Date
Escrow Account
Force Majeure
Identity Card
Law
Master Community
Master Developer
Notice
Parties
Payment Schedule
Permitted Use
Project
Property
Purchase Price
Purchaser
Regulations
Reservation Date
Reservation Fee
Reservation Period
RERA
Sale and Purchase Agreement
Seller
Termination Date
Title Deed
Unit
UAE Dirham
Recitals
Definitions
Property Description
Reservation Terms
Payment Terms
Reservation Period
Deposit Protection
Representations and Warranties
Rights and Obligations
Conditions Precedent
Termination
Refund
Force Majeure
Assignment
Notices
Confidentiality
Compliance
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Costs
Regulatory Compliance
Registration
Authority
Real Estate Development
Property Investment
Construction
Legal Services
Financial Services
Property Management
Real Estate Brokerage
Banking
Hospitality (for hotel apartments)
Retail (for commercial units)
Legal
Real Estate
Sales
Compliance
Operations
Business Development
Property Management
Contracts Administration
Risk Management
Customer Relations
Real Estate Manager
Property Developer
Legal Counsel
Contracts Manager
Real Estate Agent
Property Sales Manager
Compliance Officer
Real Estate Director
Business Development Manager
Investment Manager
Property Consultant
Legal Director
Real Estate Operations Manager
Sales Director
Project Manager
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