The Terms set out in this document govern the basis on which an owner of a Lot (as defined below) may participate in the online auctions conducted by AuctionsGlobal.
Definitions and Interpretation
In this document, unless the context otherwise requires, the following definitions and rules of interpretation shall apply:
- Singular words may be read as plurals, and plurals as singular words.
- A “person” includes an individual, as well as corporate body and all affiliations and representatives.
- Words of one gender include other genders.
- References to legislation are to that legislation as it may have been modified or re-enacted by the date of the Auction or the date of the Ejari Unified Tenancy Contract
References to the expressions “include”, “including” and “in particular” are to be read as if there were followed with the words “but without limitation”.
Agreement: means this agreement made on the date on which the terms are accepted electronically by the Landlord.
Auction: each auction conducted by AuctionsGlobal and/or its affiliates or subsidiaries. When these Terms mention “AuctionsGlobal”, “platform”, “we”, “us”, or “our”, they refer to ‘Charterhouse Auctions’, a sole establishment registered with the Economic Department in Dubai, UAE with licence number 961354 trading as ‘AuctionsGlobal’.
Auction Period: the period of time during which bidding is open for a Lot as published on the Lot page of the Website.
Authority: any of the Department of Economic Development (DED) in Dubai, the Real Estate Regulatory Authority (RERA) and the Dubai Land Department (DLD).
Bid: a bid submitted by the Tenant on AuctionsGlobal during the Auction Period.
Broker: means HouseUp Real Estate L.L.C currently licensed by the relevant Dubai Authority to act in the capacity of a Real Estate Broker.
Compliance Documentation: the documentation proving the Landlord’s identity, address, source of wealth, source of funds and profile, certified, notarised and/or apostilled as AuctionsGlobal may request and direct from time to time in compliance with applicable legislation, regulations or internal policy.
Ejari Unified Tenancy Contract: the standard written agreement produced by the EJARI affiliated with the Dubai Land Department, which AuctionsGlobal will populate, sign, date and distribute on behalf of the Landlord to confirm the terms and conditions on which the Landlord has agreed to rent the Lot for which a bid has been accepted via the Auction or for which a pre-auction offer has been accepted. For the avoidance of doubt, the Ejari Unified Tenancy Contract may be used to confirm the terms and conditions applicable to the lease of a Lot either prior to or following the Auction. The Ejari Unified Tenancy Contract is denominated in United Arab Emirates Dirhams (AED) only.
Exclusivity Period: The period from three (3) hours prior to the opening of the Auction Period until seventy-two (72) hours after the close of the Auction Period during which the Landlord confirms that AuctionsGlobal has exclusive rights over the tenancy placement of the Lot, as per the terms agreed between the Landlord and AuctionsGlobal
Guide Price: a price published on the Lot page which provides prospective Tenants with an indication of the Landlord’s price expectations.
Instant Let Price: a price the Landlord is willing to accept for the property, before an Auction is commenced.
Lot: each separate Lot that the Landlord has agreed to lease (including contents, if any). Each Lot is assigned a unique reference number used to identify the Lot.
Minimum Lease Term: The Minimum Lease Term is twelve (12) months.
OTP: a one-time password, valid for one transaction that the Landlord will receive on an electronic device.
Party: either the Landlord or the Tenant, and collectively the “Parties”.
Personal Profile: A summary of personal information provided by the prospective tenants which will include any Pre-Auction Offers.
Pre-Auction Offers: offers made by a registered Tenant any time before the Auction Period begins. All Pre-Auction Offers will be presented to the Landlord, who may elect to accept or decline.
Registration: the registration process (which includes anti-money laundering checks) that all Landlords must complete to the satisfaction of AuctionsGlobal prior to being able to offer a Lot for rent at any Auction.
Reserve Price: the price below which the Lot will not be leased. Once the Reserve Price has been met, the Lot will be leased to the highest bidder. The Landlord is within its rights should they so wish to accept an offer which does not meet the Reserve Price.
Landlord: the person who has the legal right to lease the Lot. If two or more persons are jointly the Landlord, their obligations can be enforced against them jointly or against each of them separately.
Tenant : the person who agrees to rent the Lot; if two or more persons are jointly the Tenant , all obligations can be enforced against them jointly or against each of them separately.
Terms: means the terms stated in this Agreement.
VAT: means Value Added Tax (currently 5%) or other tax of a similar nature applicable in the UAE.
Website: the AuctionsGlobal website at https://www.auctionsglobal.com together with any other website (including any third party website embedded in or otherwise accessible via the Website) which is used to allow prospective Landlords and Tenants to register and, subject to these Terms, participate in the Auctions.
Account Creation and Registration
Any individual or legal entity, whether a resident or non-resident of the UAE, who wishes to lease a Lot through the AuctionsGlobal platform may apply to be registered as a Landlord by completing and submitting the application form and providing all the required Compliance Documentation in the prescribed manner. AuctionsGlobal reserves the right to request for any additional Compliance Documentation that it may require as part of its verification process for onboarding a Landlord as a registered Landlord of the Website.
All Landlords must be at least 18 years of age or represented by a duly authorised individual who is at least 18 years of age and must have full legal capacity and authority to execute, deliver and perform these Terms.
The term “Landlord” will be applied to users registered with the intention of renting out a Lot on the Website, irrespective of the legal ownership of the Lot.
A one-time Registration is sufficient for Landlords. There cannot be more than one account registered in the name of the same Landlord. Any attempt to create a duplicate account will result in the automatic removal of the duplicate account with immediate effect after verification and without any prior notification.
The Landlord hereby agrees to be solely responsible for the accuracy of all information and content provided to AuctionsGlobal, including but not limited to, personal information, image and video content and all other uploaded items. Furthermore, the Landlord indemnifies AuctionsGlobal from all liability arising directly or indirectly from the information and content submitted to AuctionsGlobal and AuctionsGlobal shall not be held liable for any liability arising directly or indirectly from any information and content uploaded by the Landlord onto the AuctionsGlobal platform or Website. The Landlord is responsible to keep up to date with the latest terms of the Website.
As part of the registration process the Landlord agrees to lease the Lot for Minimum Lease Term.
The Landlord will receive all relevant notifications in relation to activities on AuctionsGlobal through the registered email and/or mobile number.
It is the responsibility of the Landlord to maintain the integrity of its communication devices. AuctionsGlobal will assume all instructions from the registered email and mobile number are from the Landlord. AuctionsGlobal shall not be responsible or liable if the Landlord does not receive notifications or OTP’s due to the following reasons:
- the mobile number / email address on file is incorrect or out of date, unless the same has been communicated to AuctionsGlobal.
- the Landlord’s service provider blocks AuctionsGlobal or the Landlord is otherwise unable to receive SMS’s.
- use of spam filters / receiving emails in spam folders.
Please note that in the aforementioned situations, the communications in question shall be deemed to have been provided to the Landlord effectively.
By agreeing to these terms and conditions, you agree that your personal data may be transferred and stored outside of the United Arab Emirates. The security of your personal data is essential to us, and to protect your data, we take a number of important measures, including data encryption to meet applicable legal requirements.
The Landlord must appoint HouseUp Real Estate L.L.C to handle the lease of the Lot on the Landlord’s behalf. The role of the Broker shall include collaborating with the Tenant and preparing, collating and registering all required documentation with EJARI affiliated with the Dubai Land Department.
The Landlord’s relationship with the Broker is entirely separate to the Landlord’s relationship with AuctionsGlobal. AuctionsGlobal shall bear no liability for any loss or damage arising out of the actions of the Broker.
Documentary Requirements – Landlord
The Landlord agrees to provide to the developer of the project and the Broker in which the Lot is located and the DLD all documents required to lease the Lot to the Tenant. The following comprises a summary of the documents that may be requested but is not meant to be an exhaustive list as the requirements of the developers and the DLD change from time to time.
- Passport (and Emirates ID Card for UAE residents);
Sole Proprietorship/Sole Establishment/Foundation
- Commercial license;
- Copy of the owner’s passport;
- Copy of the owners Emirates ID card;
- Passport of the individual authorised to represent the Company.
Limited Liability Company (LLC)
- Company Trade license / Certificate of Incorporation;
- Certificate of Incumbency;
- Copy of Memorandum of Association;
- Resolution of Board of Directors/Shareholders and Power of Attorney;
- Passport of the individual representing the Company;
- Passport copies and ID copies of Shareholders.
Power of Attorney (POA)
- Original POA in format acceptable to the DLD;
- Passport copy of the grantor of the POA / owner of the Lot;
- Passport of the grantee under the POA;
- If the POA holder is company – Trade License copy, Passport and ID card of the individual representing the Company.
In all cases the Landlord will be required to produce:
- the original title deed and the affection plans of the Lot (unless issued electronically) or similar document to prove the right to lease lies with the Landlord;
- written confirmation signed by the Landlord that the Lot is not subject to any encumbrance that has not been disclosed that might impact on the ability of the Lot to be leased.
Note these requirements are indicative only and intended only to be used as a guide. The DLD requirements change from time to time and the Landlord shall be responsible for ensuring that he produces the documents required by the DLD in the format requested by the DLD prior to completion of the transaction.
Account Suspension or Termination
AuctionsGlobal has the right to suspend or terminate an account in its absolute discretion, including but not limited to the following instances:
- Use of fake or forged documents / information at the time of Registration,
- Use of AuctionsGlobal for illegal activities.
- Use of AuctionsGlobal for data-mining activities with an intention of commercial use for the same.
- Use of AuctionsGlobal for the purpose of price manipulations or shell bidding.
- Use of AuctionsGlobal for advertising any Lot.
AuctionsGlobal bears no responsibility for any loss or damage arising out of the suspension or termination of a Landlord’s account.
If an Instant Let Price is published, in the event that a Tenant offers this price to the Landlord, the Landlord agrees to lease the Lot at this price and the Auction will be cancelled immediately, and the Ejari Unified Tenancy Contract, populated, signed and distributed on behalf of the Landlord and Tenant. The Lot will be deemed to have been sold as if via the Auction process.
The landlord can review all relevant Personal Profiles posted within the pre-auction period. The landlord may choose to accept any one of the relevant Personal Profiles during the Pre-Auction Period until the Exclusivity Period only.
In the event that the Landlord selects a Personal Profile and the accompanied Pre-Auction Offer, the Auction will be cancelled and the lease process will move to completion. The Lot will be deemed to have been leased as if via the Auction process. The Ejari Unified Tenancy Contract, populated, signed and distributed on behalf of the Landlord and Tenant.
During Auction Bids and Bidding Process
The Landlord agrees to lease the Lot at the highest bid that equals or exceeds the Reserve Price. If the Landlord does not set a Reserve Price, the Landlord agrees to lease the Lot at the highest bid.
If the Landlord withdraws from the Auction at any time within the Exclusivity Period, the Landlord will be liable to pay a penalty to AuctionsGlobal equal to 5% of the Reserve Price (or the Guide Price if no Reserve Price has been set).
The Landlord agrees to accept the highest bid received by the end of the Auction Period or, in the case of a Reserve Price having been set, the highest bid which is equal to, or exceeds, the Reserve Price.
The Landlord hereby authorises AuctionsGlobal to accept the winning bid on the Landlord’s behalf and agrees to be bound by that acceptance. By accepting these terms the Landlord hereby authorises AuctionsGlobal to populate and sign Ejari Unified Tenancy Contract on its behalf and the Landlord agrees to be bound by the terms set in the Ejari Unified Tenancy Contract.
On the acceptance of the winning bid or pre-auction offer by AuctionsGlobal on behalf of the Landlord the Landlord agrees to instruct the Broker to register the lease with EJARI affiliated with the Dubai Land Department in the prescribed manner.
In the event of the withdrawal of a winning bid, the Landlord agrees to accept the offer submitted by the next highest bidder, provided that bid is equal to or exceeds the Reserve Price.
In the event that the highest bid falls below the Reserve Price, the Landlord may either request a re-listing or may exit the Auction subject to the rules below.
Exit from listing:
- The Landlord may decide to exit the listing in the event that the highest bid is not equal to or more than the Reserve Price by the end of the Auction Period.
- If the Landlord wants to re-list the Lot, a request regarding the same shall be submitted to AuctionsGlobal within the Exclusivity Period.
- On receipt of the above request, AuctionsGlobal may accept or reject the request based on its absolute discretion.
- If the request is accepted, the re-Auction of the Lot would be pursuant to the rules aforementioned.
In the event that a Bid or Pre-Auction Offer is accepted by the Landlord, Auctions Global will charge “Success Listing Fee” charged at a rate of AED 600 (plus vat)
In the event that a Bid or Pre-Auction Offer is accepted by the Landlord but the tenancy does not commence due to the Landlord failing to meet its requirements under the Ejari Unified Tenancy Contract, the Landlord will be liable to pay a penalty to AuctionsGlobal equal to 5% of Bid or Pre- Auction Offer (which ever may be appliable) .
Taxes and duty charges: Landlords agree to pay (i) all sales, use, excise, VAT and any other taxes and fees which the Landlords are required to pay to any governmental authority (and, at the request of AuctionsGlobal, will provide the evidence of such payment) and (ii) any taxes payable or paid by AuctionsGlobal to any governmental authority that are attributable to the Parties participation on the platform.
Late Payment: If the Parties do not pay any fees, Commission and charges when due, a fee will be charged on all overdue balances. If the Parties dispute any part of an invoice, they must pay the amount that is not in dispute by the due date or be subject to late fees. AuctionsGlobal also reserves the right to withhold services and access to the platform while there are any outstanding fees and / or interest to avoid breaching this Agreement.
Legal Fees: The Landlord agrees to be liable for any costs incurred by AuctionsGlobal, including but not limited to any fees, expenses, advocate’s fees, court fees and any other associated costs which are necessary and incidental to the same, in addition to compensation, in the event of the Landlord’s breach of any of the Terms.
The Landlord and Tenant may take legal action against whichever party defaults under the terms of the Ejari Unified Tenancy Contract, but the Landlord agrees that AuctionGlobal shall not be responsible for the default of either party and the Landlord shall take no action against AuctionsGlobal and shall indemnify AuctionGlobal against any claim, loss or damage arising out of any such default or action.
Liability: AuctionsGlobal has no liability for the consequences, including delay in or failure to provide the services, arising out of any failure by the Landlord or any agent of the Landlord, to promptly provide information or other material that AuctionsGlobal requires, or where the information or material provided is inaccurate or incomplete. The Landlord warrants that, where it provides information or material to AuctionsGlobal, AuctionsGlobal is entitled to rely on its accuracy. The liability of AuctionsGlobal in contract, tort (including negligence or breach of statutory duty), and misrepresentation or otherwise howsoever caused or arising out of or in connection with the provision of services or otherwise under this Agreement is not limited in the case of fraud or were its negligence causes death or personal injury, but otherwise: is excluded if caused by circumstances beyond AuctionsGlobal’s reasonable control and excludes indirect, special and consequential losses, including but not limited to loss of profits, missed opportunities, economic loss. If AuctionsGlobal is found liable, its liability is limited to the share of loss directly attributable to AuctionsGlobal notwithstanding the existence of other parties which may not pay any share of loss attributable to them. In any event, liability shall be limited to the aggregate of all professional fees paid to AuctionsGlobal by the Landlord over the course of a calendar year under this Agreement. AuctionsGlobal owes no duty of care and has no liability to anyone but the Landlord, unless specifically agreed in writing. No third party is intended to have any rights under this Agreement, unless agreed in writing. AuctionsGlobal has no liability for products or services that it reasonably needs to obtain from others in order to provide the service.
Communication: The Landlord will appoint, for the purpose of this Agreement, a representative who will act as liaison with AuctionsGlobal. AuctionsGlobal may use electronic communication and systems to provide services. A notice is valid if it is in writing and addressed to the last known address of the addressee and is to be treated as served(i) when delivered (if delivered by hand through a Notary Public in the UAE (if it is during normal business hours) otherwise, when business hours next commence); or (ii) two business days after posting (if posted by recorded delivery). Notice may not be given via email.
Confidential Material: Each Party must keep confidential all information and material of commercial value to the other Party of which it becomes aware. It may use it only to the extent reasonably required in providing the service. It may disclose it only if the other Party agrees or if it is required to do so by law, regulation, or other competent authority. Neither AuctionsGlobal nor the second Party may publicise or issue any specific information to the media about the service or its subject matter without the consent of the other. The aforementioned obligations continue even after termination of this Agreement.
Termination: Any Party may terminate the Agreement immediately by notice to the other if the other has not satisfactorily rectified a substantial or persistent breach of the Agreement within the reasonable period specified in an earlier notice to rectify it or is insolvent according to the laws of its country of incorporation. Termination of the Agreement does not affect any claims that arise before termination or the entitlement of AuctionsGlobal to its proper fees up to the date of termination or to be reimbursed for its expenses. The Agreement is considered to have started as of the date from when AuctionsGlobal began delivering services.
Force Majeure: If the performance of the obligations of the Parties is affected by an event of Force Majeure (including but not limited to civil disturbances, riots, strikes, act of God, war, government decisions or any other acts of similar nature which are unforeseen and beyond the control of either Party), then the Parties agree this to be a sufficient reason for delay and non-performance provided it is traceable to any of these causes.
Severability: The invalidity, illegality and unenforceability in whole or in part of any of the provisions of this Agreement shall not affect the validity, legality or enforceability of its remaining provisions which shall remain in full force and effect.
Waiver and Severance: Failure to enforce any of these Terms is not a waiver of any right or subsequently enforce that term or any other term of the Agreement. The invalidity, illegality, and unenforceability in whole or in part of any of the provisions of this Agreement shall not affect the validity, legality or enforceability of its remaining provisions which shall remain in full force and effect.
Responsibility: AuctionsGlobal is not a law firm, a tax consulting firm, a financial services firm, a real estate brokerage or a valuation company, and therefore the Landlord cannot rely on AuctionsGlobal for these services and should obtain independent advice on these matters
Governing Law: This Agreement shall be governed by, construed and interpreted in accordance with the laws in force in the Emirate of Dubai, and the federal laws of the United Arab Emirates.
Miscellaneous: No amendment to these Terms shall be valid unless executed in writing and signed by both Parties hereto. Neither Party hereto may assign its interest hereunder without the prior written consent of the other Party. Words importing the singular number include the plural and vice versa. The obligations of each Party shall be binding upon its heirs and assigns. The Parties hereby agree to undertake all such steps as may be necessary to give effect to the provisions contained in these Terms.