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The Agreement To Sell Real Estate Contract is a fundamental legal document used in Saudi Arabia for property transactions. This agreement is essential when transferring ownership of real estate properties, whether residential, commercial, or industrial, and must comply with both Saudi Real Estate Law and Islamic Sharia principles. It is typically used when a definitive sale is intended, rather than for preliminary arrangements or options to purchase. The document includes crucial elements such as property details, price, payment terms, and completion requirements, while ensuring compliance with Ministry of Justice registration procedures. It's particularly important to note that this agreement must incorporate specific provisions when dealing with foreign buyers or when the property is subject to mortgage arrangements. The agreement serves as the primary record of the transaction terms and the basis for official property registration in Saudi Arabia.

1. Parties: Identification of seller and buyer with full legal names, addresses, and identification numbers as per Saudi requirements

2. Background: Context of the sale, including brief property description and intention of parties to enter into transaction

3. Definitions: Key terms used throughout the agreement, including property-specific terminology and Saudi legal terms

4. Property Description: Detailed legal description of the property, including title deed number, location, boundaries, and size

5. Purchase Price: Statement of the agreed purchase price, payment terms, and method of payment in compliance with Sharia principles

6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and final payment arrangements

7. Completion: Specifics about the completion process, including timing and requirements for property registration

8. Seller's Representations and Warranties: Seller's confirmations regarding property ownership, absence of disputes, and compliance with laws

9. Buyer's Representations and Warranties: Buyer's confirmations regarding capacity to purchase and compliance with Saudi ownership laws

10. Property Handover: Process and conditions for physical handover of the property

11. Registration and Transfer: Procedures for official property registration with relevant Saudi authorities

12. Taxes and Fees: Allocation of responsibility for various taxes, registration fees, and other charges

13. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction of Saudi courts

14. Notices: Process for formal communications between parties

15. Entire Agreement: Statement confirming the agreement represents the complete understanding between parties