The Land Agreement Between Two Parties is a fundamental legal instrument used in Saudi Arabia for documenting and executing property transactions. This document is essential when transferring, selling, or otherwise conveying land rights between any two entities, whether individuals, corporations, or government bodies. It must comply with Saudi Arabia's unique legal framework, which combines modern property law with Sharia principles, and includes specific requirements for property registration, ownership verification, and transaction documentation. The agreement is particularly important given Saudi Arabia's evolving real estate market and recent regulatory changes affecting property ownership and development. It serves as both a legal record and a binding contract, incorporating necessary provisions for property description, payment terms, warranties, and regulatory compliance, while ensuring all required government approvals and registrations are properly documented.
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1. Parties: Identification of all parties involved, including full legal names, addresses, and official identification numbers as required by Saudi law
2. Background: Context of the agreement and brief history of the property ownership
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and legal concepts
4. Property Description: Detailed legal description of the land, including boundaries, dimensions, and official property identification numbers
5. Sale Price and Payment Terms: Purchase price, payment schedule, and method of payment in compliance with Sharia principles
6. Warranties and Representations: Seller's warranties regarding ownership, absence of encumbrances, and compliance with laws
7. Transfer of Ownership: Process and conditions for transferring property ownership, including registration requirements
8. Possession and Risk: Terms regarding property handover and transfer of risk
9. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction
11. Notices: Process for formal communications between parties
12. Entire Agreement: Statement confirming the agreement represents the complete understanding between parties
13. Execution: Signature requirements and attestation in accordance with Saudi law
1. Conditions Precedent: Specific conditions that must be met before the agreement becomes effective, used when there are preliminary requirements
2. Due Diligence: Terms regarding property inspection and verification period, included when buyer requires investigation time
3. Financing Provisions: Terms related to mortgage or financing arrangements, included when purchase involves external financing
4. Development Obligations: Requirements for property development or construction, included for undeveloped land
5. Environmental Matters: Environmental obligations and warranties, included for industrial or potentially contaminated land
6. Foreign Ownership Provisions: Special provisions required when buyer is non-Saudi, included for foreign buyers
7. Broker Provisions: Terms regarding real estate broker involvement, included when brokers are part of the transaction
8. Force Majeure: Provisions for unforeseen circumstances, included in long-term or complex transactions
1. Property Title Documents: Copies of official property ownership documents and registration certificates
2. Property Plan: Official survey plans and property drawings
3. Payment Schedule: Detailed breakdown of payment installments and dates
4. Due Diligence Reports: Technical, legal, and environmental reports if applicable
5. Municipality Approvals: Copies of relevant permits and approvals
6. Property Photographs: Current photographs documenting property condition
7. Land Use Certificates: Official documents showing permitted use and zoning
8. Power of Attorney: If applicable, documents authorizing representatives to act on behalf of parties
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Agriculture
Industrial
Commercial Development
Retail
Hospitality
Religious Institutions
Education
Healthcare
Manufacturing
Logistics
Urban Development
Relevant Teams
Legal
Real Estate
Compliance
Finance
Property Management
Business Development
Risk Management
Operations
Investment
Asset Management
Facilities Management
Corporate Affairs
Project Management
Relevant Roles
Real Estate Manager
Property Development Director
Legal Counsel
Compliance Officer
Chief Executive Officer
Chief Financial Officer
Land Acquisition Manager
Property Rights Specialist
Real Estate Investment Manager
Contract Administrator
Project Manager
Development Director
Islamic Finance Specialist
Real Estate Broker
Property Valuation Expert
Facilities Manager
Asset Manager
Risk Management Officer
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