Real Estate Contracts

Real estate transactions, whether buying, selling, or leasing a property, involve significant financial commitments and are governed by a strict set of laws and regulations in the UAE. The cornerstone of any property transaction is the contract—be it a Sale and Purchase Agreement (SPA) or a Tenancy Agreement (Lease). A well-drafted contract is essential to protect your rights, clarify your obligations, and ensure a smooth and secure transaction.

At Fakher & Co, our real estate law experts specialize in drafting and reviewing all types of property contracts. We provide the legal certainty you need to proceed with your real estate transactions with confidence.

An SPA is the primary legal document in any property sale. It binds the buyer and seller to the terms of the transaction. We provide expert services for both buyers and sellers to ensure the SPA fully protects their interests.

For Buyers: We conduct a thorough review of the SPA, ensuring that it includes key protections such as: * A clear and accurate description of the property. * Confirmation of the seller’s legal ownership and right to sell. * A detailed payment schedule and handover date. * The seller’s obligations regarding the condition of the property at handover. * Clear remedies if the seller defaults on their obligations.

For Sellers: We draft an SPA that protects your interests by: * Clearly defining the buyer’s payment obligations. * Specifying the consequences if the buyer defaults on payments. * Limiting your liability for issues that may arise after the property has been handed over.

A Tenancy Agreement governs the relationship between a landlord and a tenant. A clear and compliant lease is crucial for preventing disputes and ensuring a stable tenancy.

For Landlords: We draft comprehensive lease agreements that are compliant with the laws of the relevant Emirate and that protect your investment by: * Clearly outlining the tenant’s responsibilities, including timely rent payment and property maintenance. * Specifying the rules regarding subletting and alterations to the property. * Defining the conditions for eviction in the event of a breach by the tenant.

For Tenants: We review lease agreements to ensure your rights are protected by: * Verifying the landlord’s legal right to lease the property. * Clarifying the landlord’s responsibilities for maintenance and repairs. * Ensuring the clauses regarding rent increases and lease renewal are fair and in line with the law.

Don’t sign a property contract without a thorough legal review. The real estate lawyers at Fakher & Co are here to provide the expert guidance you need to ensure your property transactions are safe, secure, and legally sound.