Apartment Sale Contract

In a previous article, we extensively discussed real estate contracts through the link to real estate sale models and contracts in Jordan. Today, we are exclusively discussing the details of an apartment sale contract. Some may wonder why we focus on discussing apartment sale contracts in Amman. The answer to this question is simply found within this article.

Why are the details of an apartment sale contract in Amman important?

Compared to other types of real estate, apartments are the most in-demand properties in Amman due to several reasons, including:

• Price: Apartment prices in Amman are relatively moderate compared to other real estate, such as land, villas, and standalone homes. They are also suitable for all segments of society and their average monthly income.

• Diverse Options: Real estate investors play a significant role in expanding choices for those seeking apartments for sale through diverse apartment designs, sizes, finishes, and more.

• Design: Investors today are paying attention to developing modern internal and external designs for apartments that meet the fast-paced lifestyle and customer requirements.

• Space: Apartment size is one of the most important factors clients consider when searching for a property. Today, apartment sizes vary significantly, ranging from large, medium, to small spaces.

• Location: The neighborhood plays a pivotal role in the apartment search process. Based on the area, buyers can estimate the price, size, and modernity of the apartment, saving time and effort.

These are among the main factors driving the high demand for apartments in Amman. Consequently, apartment sale contracts in Amman are continuously updated by specialized lawyers to protect the rights of both parties.

Key Provisions to Include in an Apartment Sale Contract in Amman

Before signing any apartment sale contract, ensure that it includes the following main provisions:

1. Date
2. Contract Subject: Includes the apartment's location and specifications.
3. Sale Price: Specifies the apartment's sale price, the down payment, the remaining amount, and installments.
4. Terms and Conditions: Details the agreed-upon terms between both parties to protect their rights.
5. Penalty Clause: States both parties’ commitment to the terms and their obligations if any are violated.
6. Ownership: Confirms the ownership of the apartment.
7. Registration: Indicates the first party’s commitment to transferring the apartment's ownership to the second party after full payment.
8. Inspection: Acknowledges the second party's inspection of the apartment.
9. Taxes and Fees: The second party’s responsibility for all associated obligations.
10. Delivery: The first party’s commitment to delivering the apartment after full payment.
11. Copies: Two copies of the contract are made for both the seller and buyer.

Apartment Sale Contract Template

Date: / /
First Party (Buyer): ...........................................
Address: ...........................................
Second Party (Seller): ...........................................
Address: ...........................................

Details of the Sale and Property
The second party sold: ........................................... to the first party: ...........................................
Property (Apartment) No.: ( ), Basin: ( ), from the lands of: ...............
Total Area:
Property Price (Amount):

Amount in Words:

Sale and Ownership Transfer Terms

1. The first party (buyer) has paid an amount of ........................................... from the property price.
2. The remaining amount will be paid at the land registration office before transferring the agreed-upon plot.
3. Neither party is entitled to cancel this contract, as it becomes official and legal once signed by both parties.
4. If one party insists on canceling the contract, the first party (buyer) cannot claim any amount (whether down payment or part of the price), as it will be considered compensation to the second party (seller).
5. This contract is officially binding and cannot be criticized or canceled, obliging both parties to its terms without resorting to legal courts.
6. This contract becomes effective upon signing.
7. Both parties agreed and signed this contract willingly without coercion.
8. The second party (seller) commits to clearing any financial obligations related
9. The first party (buyer) will bear the transfer fees.

Notes: _______________________________________________

Signatures:

• Seller: ___________________________
• Buyer: ___________________________
• Witness: _________________________
• Witness: _________________________

You can download a sample apartment sale contract and use it via the following link:
Sample Apartment Sale Contract - Jordan Homes 2024

Prime Areas for Apartment Sales in Amman

The development of real estate and the establishment of new neighborhoods in Amman have resulted from rapid population growth and increasing demand for residential properties. Residential buildings dominate most neighborhoods, with specifications varying based on zoning regulations. Below are some of Amman's most prestigious areas for apartment sales:

• Dabouq: Apartments here require prior security approval due to the presence of Al-Husseiniya Palace, the main residence of King Abdullah II, and the surrounding private housing area. Discover luxury apartments in Dabouq.
• Abdoun: Known for housing diplomatic missions and embassies, Abdoun attracts investors for its luxurious and high-standard residential buildings. Explore prime apartments in Abdoun.
• Khalda: One of Amman's oldest and most modern neighborhoods, featuring major shopping malls like City Mall and Mecca Mall. It's ideal for family living. View apartments in Khalda.
• Airport Road: This area has become a popular choice due to recent real estate developments offering quiet, upscale housing. Find apartments near Airport Road.
• Deir Ghbar: A relatively new and very upscale neighborhood with residential complexes. Due to its high-end features, it has some of the most expensive apartments in Amman. Search for apartments in Deir Ghbar.
• Rujm Al-Amish: Part of the Airport Road development, this area boasts private residential zones and strategic connectivity to major intersections. Discover apartments in Rujm Al-Amish.
• Dahiet Al-Amir Rashid: Strategically located between Tla' Al-Ali and Um Al-Summaq, this suburb offers access to lively areas. Search for apartments in Dahiet Al-Amir Rashid.

Apartments for Sale in Amman

The apartments for sale in Amman are not limited to the areas mentioned above. Amman's real estate sector offers luxurious apartments built to the highest standards. Here are more neighborhoods with prime apartments for sale:

• Um Uthaina: Apartments for sale in Um Uthaina.
• Um Al-Summaq: Apartments for sale in Um Al-Summaq.
• Al-Thuhair: Apartments for sale in Al-Thuhair.
• Al-Sweifiyah: Apartments for sale in Al-Sweifiyah.
• Fourth Circle: Apartments for sale near Fourth Circle.
• Fifth Circle: Apartments for sale near Fifth Circle.
• Al-Jandweel: Apartments for sale in Al-Jandweel.
• Al-Kursi: Apartments for sale in Al-Kursi.

When searching for an apartment in any area of Amman, ensure you have a complete understanding of the neighborhood and the apartment. Don't hesitate to contact the Jordan Homes team for legal consultations and support in your apartment search and registration process.