Reference
Glossary
The terms you meet in a contract transfer, each with one consistent definition used across the platform.
These definitions are explanatory and general. The binding wording is the one in your contract with the developer.
- Assignment — التنازل
- The current owner assigning their rights and obligations under the developer contract to a new buyer, with developer approval.
- Contract transfer — نقل التعاقد
- The official procedure that puts the contract in the new buyer's name at the developer once conditions are met.
- Resale — الريسيل
- Reselling a unit before or after delivery; on Aqar Out it means selling an existing installment contract.
- Overprice — الأوفر برايس
- An amount above the contract price requested by the seller as profit. Aqar Out does not allow it; sellers request reimbursement of what they actually paid.
- Original contract price — سعر التعاقد القديم
- The contract value at signing with the developer (P), which is the commission basis.
- Amount paid — المبلغ المدفوع
- The total the owner has actually paid the developer to date (A).
- Remaining balance — المتبقي
- The installments still owed to the developer, baseline P − A unless the statement reconciles differently (R).
- Assignment fee — رسوم التنازل
- A fee set by the developer for completing the transfer, entirely separate from the platform commission.
- Delivery payment — دفعة الاستلام
- A payment due at unit handover according to the contract schedule.
- Maintenance deposit — وديعة الصيانة
- An amount collected by the developer for maintenance; how it is treated on transfer depends on the contract.
- Late-payment penalty — غرامة التأخير
- An amount added when an installment is late, at a rate or value stated in the contract.
- Contract cancellation — فسخ العقد
- Terminating the contract with the developer, which triggers a deduction from what was paid per the contract terms.
- Refund of payments — استرداد المدفوعات
- What the developer returns after deduction on cancellation, which can be zero depending on the contract.
- Developer approval — موافقة المطور
- The formal approval without which no contract transfer completes.