Final Sale
Contract
This Agreement is made and entered into this Saturday
The 2nd day of September in the year _____
By and Between:
First: ___________ Company represented for the purpose
of this Contract by Mr. _________ in his capacity as the Chairman
of the Board of Directors.
I.D. (Family) _________, __________Governorate
– resident of ____________
Hereinafter referred to as (The First Party)
Second: ___________________
Nationality: ___________ Profession:
Personal/Family I.D. / Passport # / –
Civil Registration: _______ – issued at ________, ___________ Governorat.
Residence: ___________________
Home telephone: – work telephone:
Hereinafter referred to as (The Second Party)
Both parties mutually acknowledge their sufficient
legal capacity to execute this Agreement, and agree to the following:
Preamble
The First Party owns __________ located
at _________, by means of purchasing from _______ by
virtue of purchasing from _________ as per validity
and enforcement judgment, pursuant to the order no. __- at the hearing no. ___ dated _______, and having a flat area of (11025 m2)
approximately eleven thousand twenty-five square meters.
Whereas, the First Party has announced the sale of the
units, and the Second Party show interest
in purchasing following reviewing
the building architectural and construction drawings and examined all
finishings specifications and has completed all necessary physical and legal investigations
of such unit and have completely and legally satisfied himself as to the
condition thereof.
It was agreed that the sale is subject to the
following terms & conditions:
Clause (1)
The above preamble shall be deemed an integral part
hereof and complementary hereto.
Clause (2)
(Specifications
of the unit subject of the Agreement)
The First Party hereby grants, sells, assigns and
transfers with all real and legal guarantees unto the Second Party, and the Second Party hereby accepts to
purchase from the First Party the unit # , building # ( ), Model ,
situated on Floor ( ), having a surface area of 164 m2 (approximately one
hundred sixty-four square meters). The
sold area includes everything attached to the apartment or what followed from
rights, extensions, services and utilities, whether visible and/or invisible and
also includes a common share in the land on which the unit is established, by the
percentage of the units' area against the total building area. In addition to the
areas of the building designated for common use, according to their
conventional use, provided that not to deprive whoever other proprietor from
using such areas.
Clause (3)
(Price)
This sale has been made in consideration of a total
sale price of EGP 209000 (Only two hundred and nine thousand pounds). Such sum
has been paid in full upon contracting and the buyer has been discharged of
paying the whole price.
Clause (4)
(The rooftop, roof
heightening and usufruct rights)
It is agreed upon between both Parties hereto that the
ownership of the roof of the building and the right to add additional storeys
is exclusive to the company and the company is entitled to heightening the roof
with additional storeys as legally permitted and without objection from each
and every proprietor. The company is also entitled to utilize the rooftop by
any means (such as billboard installation). Accordingly, the company is a
partner with the proprietors of the upper units in the ownership of the ceilings
that include the rooftop and the areas of the building designated for common
use, which allow the company to utilize the rooftop.
Clause (5)
(The Garage)
It is agreed upon between both Parties hereto that the
garage is owned by the company and its excluded from any common use and not included
herein.
Clause (6)
The First Party hereto represents and warrants that
such sold unit, subject of this Contract, is free and clear of any and all
claims of rights, visible and/or invisible.
Clause (7)
(Delivery)
The Second Party hereto represents and warrants that
he received the unit after examine it and match it to what it was agreed upon Thereby,
the signature of the Second Party hereon
shall be deemed an acknowledgment of receipt and he shall bear all civil and
criminal responsibilities as well as be solely responsible to pay all due,
taxes and other related levies and charges imposed thereon from the Contract
date.
Clause (8)
(Assignment of
preemption)
The Second Party or its successors or personal
representatives shall have no right in the future to claim any unit in case of
selling such unit – pursuant to preemption right by the First Party or its
successors, assignees and personal representatives or whoever purchaser. And
the First Party shall have no right to claim the unit subject of this contract in
case of selling such unit – pursuant to preemption right, which may be
effectuated by the Second Party or its successors, assignees and personal
representatives.
Clause (9)
(Obligation to
maintain)
The Second Party shall be committed to the following:
1- Not to make any changes or substantial alterations in his
unit that may affect the constructions.
2- Not to make
any changes, whether heightening, additions, or making openings within the sold
unit or the building's facade or to its extensions or with the devices designated
for joint utilization.
3- Not to cause
changes in the overall appearance, whether by changing the paint color of the exterior
facades or the entrance or the stairs.
4- To follow the
rules and regulations and instructions set by the chairman of the building
association in order to maintain its appearance and beauty and the safety of the
proprietors.
5- To maintain the good condition of the utilities so
that they remain fit to be used.
Clause (10)
(Final
Contract)
The First Party shall appear before the Real Estate
Publicity Department in order to sign this final sale contract for the second
party.
Clause (11)
(Elected
domicile)
Both Parties hereto expressly declare that their
addresses first above written are respectively their legal elected addresses
and all correspondence, claims and notices, shall be valid and legal.
Clause (12)
(Legal
jurisdiction)
_______ Courts each Court, according to its jurisdiction
be competent to decide on any dispute that might arise out of this Contract or
its clauses provided that the application of the provisions of the Muslim law to
be applied first.
Clause (13)
(Counterpart)
IN WITNESS WHEREOF, this Contract is executed in two copies, one per each party for
necessary action.
Translation by Heba Musa
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