The Acknowledgement Receipt For House And Lot Payment is a crucial document in Saudi Arabian real estate transactions, serving as official proof of payment and legal protection for both buyers and sellers. This document is required whenever a payment is made for a house and lot purchase, whether as a full payment or as part of an installment plan. It must comply with Saudi Arabia's Real Estate Registration Law, Civil Transactions Law, and Islamic financial principles. The receipt includes essential details such as property specifications, payment information, and party identification, and may require notarization depending on the transaction value. This document is particularly important for maintaining clear records of property transactions and can be crucial for future property registration, dispute resolution, or proof of ownership rights under Saudi law.
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1. Header Information: Date, receipt number, and document title in both Arabic and English
2. Parties: Full identification of the payor (buyer) and payee (seller), including their official ID numbers and contact information
3. Property Details: Complete description of the property including title deed number, location, boundaries, and total area
4. Payment Acknowledgment: Clear statement acknowledging receipt of payment, including amount, payment method, and date received
5. Payment Details: Breakdown of payment including purchase price, any taxes or fees, and specification if this is full or partial payment
6. Declaration: Statement confirming the authenticity of the receipt and that the payment has been received in good order
7. Signatures: Space for signatures of both parties and official stamps if required
1. Payment Schedule Reference: Include when the payment is part of an installment plan, detailing the payment sequence and remaining balance
2. Agent Authorization: Include when payment is received by an authorized representative rather than the property owner directly
3. VAT Details: Include when the transaction is subject to VAT, showing the calculation and VAT registration numbers
4. Bank Details: Include when payment was made through bank transfer, showing the relevant bank account information
5. Witness Section: Include when additional verification of payment is required, with space for witness details and signatures
1. Payment History Schedule: Record of previous payments if this is part of an installment plan
2. Property Documentation: Copies of relevant property documentation including title deed and property sketch
3. Payment Proof Attachments: Copies of checks, bank transfer receipts, or other payment verification documents
4. Authorization Documents: If payment is made or received by agents, copies of power of attorney or authorization letters
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Finance
Legal Services
Construction & Development
Property Management
Islamic Finance
Notary Services
Property Investment
Residential Housing
Relevant Teams
Legal
Real Estate
Compliance
Finance
Sales
Document Management
Property Administration
Investment
Risk Management
Customer Relations
Relevant Roles
Real Estate Manager
Property Lawyer
Compliance Officer
Legal Counsel
Real Estate Agent
Property Developer
Finance Manager
Real Estate Transaction Coordinator
Document Controller
Property Administrator
Notary Public
Banking Officer
Real Estate Investment Manager
Legal Administrator
Property Sales Manager
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