The Deed of Sale (Real Estate) is a fundamental legal instrument in Saudi Arabian property transactions, essential for documenting and executing the transfer of real estate ownership. This document is required whenever real property is sold in Saudi Arabia, whether for residential, commercial, or industrial purposes. It must comply with both civil law requirements and Shariah principles, containing specific elements such as clear property identification, precise price terms, and necessary governmental approvals. The deed serves as the primary evidence of ownership transfer and must be registered with the appropriate authorities. It's particularly important in Saudi Arabia's developing real estate market, where property transactions must navigate both modern commercial requirements and traditional Islamic law principles.
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1. Parties: Identification of the seller and purchaser with full legal names, identification numbers, and addresses as required by Saudi law
2. Background: Context of the sale and confirmation that the seller is the legal owner with right to sell
3. Definitions: Key terms used throughout the deed, including property-specific terminology and legal concepts
4. Property Description: Detailed legal description of the property including title deed number, plot number, and location details
5. Sale and Purchase: Core transaction terms including clear statement of intention to sell and purchase
6. Purchase Price: Statement of the agreed purchase price and payment terms in compliance with Shariah principles
7. Completion Requirements: Requirements for completing the transfer including registration at the relevant authority
8. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and property condition
9. Property Handover: Terms and process for physical handover of the property
10. Tax and Fees: Allocation of responsibility for transfer taxes and registration fees
11. Governing Law: Confirmation of Saudi law and Shariah principles as governing law
12. Execution: Formal execution block meeting Saudi legal requirements
1. Condition of Property: Detailed description of property condition, used when selling property as-is or with known defects
2. Broker Provisions: Include when a licensed real estate broker is involved in the transaction
3. Foreign Ownership Compliance: Required when purchaser is non-Saudi, detailing compliance with foreign ownership restrictions
4. Municipal Approvals: Include when property requires specific municipal permits or approvals
5. Financing Provisions: Include when purchase involves Shariah-compliant financing arrangements
6. Off-Plan Provisions: Required for sale of properties under construction or off-plan
7. Existing Tenancies: Include when property is sold subject to existing lease agreements
8. Development Obligations: Include when property comes with specific development requirements or restrictions
1. Property Details: Comprehensive technical description of the property including boundaries, dimensions, and facilities
2. Title Documents: Copies of relevant title deeds and registration documents
3. Property Plans: Official plans, maps and drawings of the property
4. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
5. Encumbrances Schedule: List of any existing encumbrances, easements or rights affecting the property
6. Inventory: List of any fixtures, fittings or furniture included in the sale
7. Required Approvals: Copies of necessary governmental and municipal approvals
8. Property Inspection Report: Technical inspection reports and property condition assessments
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Real Estate Investment
Islamic Finance
Urban Development
Commercial Property
Residential Property
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Corporate Real Estate
Investment
Operations
Documentation
Risk Management
Transaction Processing
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Real Estate Investment Manager
Title Officer
Real Estate Transaction Coordinator
Islamic Finance Advisor
Real Estate Portfolio Manager
Property Acquisition Manager
Legal Document Specialist
Real Estate Operations Director
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