The Owner Finance Real Estate Contract is essential for transactions in Saudi Arabia where traditional bank financing is not preferred or available. This document type is particularly useful for property sellers willing to finance the purchase directly while maintaining Shariah compliance. It must adhere to Saudi Arabian real estate laws, Islamic finance principles, and local registration requirements. The contract typically includes comprehensive details about the property, payment structure, ownership transfer conditions, and security arrangements. It's commonly used in both residential and commercial real estate transactions, requiring careful consideration of both civil law requirements and religious principles. The document must be properly registered with relevant authorities and often requires review by Shariah advisors to ensure compliance with Islamic finance principles.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the seller/financier and buyer/purchaser with full legal names and details
2. Background: Context of the transaction, including property overview and financing arrangement
3. Definitions: Key terms used throughout the agreement, including Islamic finance terminology
4. Property Description: Detailed legal description of the property, including title deed number and boundaries
5. Purchase Price and Payment Terms: Total purchase price, down payment, and financing structure in Shariah-compliant terms
6. Transfer of Title: Conditions and process for transferring property ownership
7. Security Arrangements: Legal mechanisms to secure the seller's rights until full payment
8. Buyer's Covenants: Obligations of the buyer including maintenance, insurance, and use of property
9. Seller's Representations: Warranties about property title, condition, and authority to sell
10. Default and Remedies: Consequences of default and available legal remedies
11. Registration and Documentation: Requirements for official registration and documentation
12. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanism
1. Property Management: Terms for property management during the financing period, used when the property is part of a larger development
2. Insurance Requirements: Detailed insurance obligations, included for high-value properties or commercial real estate
3. Early Payment Provisions: Terms for early repayment, included when parties want to specify rebate calculations
4. Third-Party Rights: Provisions regarding existing tenants or other third-party rights, included when applicable
5. Development Rights: Terms regarding future development or modifications, included for undeveloped or partially developed properties
6. Inheritance Provisions: Special terms regarding inheritance of the contract obligations, included for long-term financing arrangements
1. Property Details Schedule: Comprehensive property description, including plans and photographs
2. Payment Schedule: Detailed breakdown of payment amounts and due dates
3. Title Documents: Copies of relevant title deeds and registration documents
4. Property Condition Report: Detailed assessment of property condition at time of sale
5. Required Permits: Copies of relevant permits and certificates
6. Shariah Compliance Certificate: Documentation confirming the financing structure's compliance with Islamic law
Relevant legal definitions
Clauses
Relevant Industries
Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Mixed-Use Development
Land Development
Real Estate Investment
Islamic Finance
Property Development
Urban Development
Relevant Teams
Legal
Real Estate
Finance
Compliance
Risk Management
Property Management
Investment
Documentation
Shariah Advisory
Operations
Relevant Roles
Real Estate Manager
Property Development Director
Legal Counsel
Shariah Compliance Officer
Real Estate Finance Manager
Property Transaction Specialist
Contract Administrator
Risk Management Officer
Chief Financial Officer
Real Estate Investment Manager
Property Portfolio Manager
Documentation Specialist
Compliance Manager
Real Estate Attorney
Find the exact document you need
Lease Agreement With Option To Purchase (Real Estate)
A Saudi Arabian law-compliant agreement combining property lease terms with a future purchase option, structured according to local regulations and Shariah principles.
Download
Joint Land Ownership Agreement
A Saudi Arabian law-governed agreement establishing joint ownership rights and responsibilities for real estate property, compliant with Sharia principles.
Download
Joint Development Agreement (Real Estate)
A Saudi Arabian law-governed agreement establishing terms for joint real estate development between multiple parties, including development responsibilities, profit sharing, and regulatory compliance.
Download
Equity Sharing Agreement (Real Estate)
A Sharia-compliant real estate equity sharing agreement under Saudi Arabian law, establishing terms for joint property ownership and management.
Download
Closing Agreement (Real Estate)
A legally binding agreement under Saudi Arabian law that finalizes real estate property transfer between parties, incorporating both Sharia and modern legal requirements.
Download
Contract For Selling A House
A Saudi Arabian law-compliant agreement for the sale and transfer of residential property, incorporating both civil law and Sharia requirements.
Download
Land Development Agreement
A Saudi Arabian law-governed agreement establishing rights and obligations between parties for land development projects, ensuring compliance with local regulations and Shariah principles.
Download
One To Four Family Residential Contract
A Sharia-compliant residential property sale agreement for one to four family units in Saudi Arabia, conforming to Saudi real estate laws and regulations.
Download
Commercial Real Estate Listing Agreement
A Saudi Arabian law-governed agreement authorizing a broker to market and facilitate commercial property transactions, compliant with local regulations and Sharia principles.
Download
Commercial Property Tenancy Agreement
A Saudi Arabian law-governed agreement establishing terms for commercial property lease arrangements, compliant with local regulations and Sharia principles.
Download
Area Residential Purchase Contract
A Saudi Arabian residential property purchase agreement that facilitates the legal transfer of residential property ownership while ensuring compliance with local laws and Sharia principles.
Download
Seller Purchase Agreement
A Saudi law-governed agreement detailing terms and conditions of a sale transaction between seller and purchaser, incorporating Sharia-compliant provisions.
Download
Property Exchange Agreement
A legal document governed by Saudi Arabian law enabling the mutual exchange of real estate properties, ensuring compliance with both civil and Sharia law requirements.
Download
Lease With Option To Buy Commercial Property
A Saudi Arabian commercial property lease agreement with purchase option, combining tenancy rights with a future buying opportunity, compliant with local laws and Shariah principles.
Download
Agreement Between Buyer And Commission Agent
A Saudi Arabian law-governed agreement establishing terms and conditions between a buyer and commission agent, outlining commission structures and obligations.
Download
Buyer Exclusive Agreement
A Saudi Arabian law-compliant agreement establishing exclusive representation rights for a property buyer's agent, outlining services, commission, and obligations.
Download
Personal Property Agreement
A Sharia-compliant agreement under Saudi law for transferring personal property ownership, detailing terms, conditions, and transfer procedures.
Download
Owner Finance Real Estate Contract
A Shariah-compliant owner financing agreement for real estate transactions under Saudi Arabian law, establishing property transfer and payment terms.
Download
Residential Real Estate Purchase Agreement
A legally binding agreement under Saudi Arabian law for the purchase and sale of residential property, incorporating both Sharia and modern legal requirements.
Download
Lease To Own Property Agreement
A Sharia-compliant agreement under Saudi Arabian law combining property lease terms with a future purchase arrangement.
Download
Property Transfer Contract
A Saudi Arabian law-governed agreement for transferring real property ownership, ensuring compliance with Sharia Law and local real estate regulations.
Download
Installment Land Sale Contract
A Saudi Arabian law-governed contract for the sale of land through installment payments, incorporating both civil law requirements and Sharia principles.
Download
Assignment Of Purchase Agreement
A Saudi Arabian law-compliant document transferring rights and obligations under an existing purchase agreement from one party to another, adhering to Sharia principles.
Download
Real Estate Buyout Agreement
A Saudi Arabian law-compliant agreement for the purchase and sale of real estate property, incorporating local legal requirements and Shariah principles.
Download
Transfer Of Ownership Agreement Property
A Saudi Arabian law-compliant agreement facilitating the legal transfer of property ownership between parties, incorporating all necessary terms and conditions under local regulations.
Download
Option Agreement Land
A Sharia-compliant agreement under Saudi law granting the right to purchase specified land at a preset price within a defined period.
Download
Commercial Property Contract
A Saudi Arabian commercial property purchase agreement compliant with local laws and Sharia principles, governing the sale and transfer of commercial real estate.
Download
Real Estate Operating Agreement
A Saudi Arabian law-governed agreement establishing terms for professional management and operation of real estate assets, combining commercial practices with Sharia compliance.
Download
Commercial Sales Agreement
A Saudi law-governed agreement establishing terms and conditions for commercial sale of goods between business entities, ensuring compliance with local regulations and Sharia principles.
Download
Buyer Seller Agreement
A Saudi Arabian law-governed agreement establishing terms and conditions between buyers and sellers, ensuring compliance with both commercial regulations and Sharia principles.
Download
Vacant Land Lease Agreement
A Saudi Arabian law-compliant agreement template for leasing vacant land, incorporating Shariah principles and local regulatory requirements.
Download
Home Selling Contract
A Saudi Arabian property sale agreement that governs the transfer of residential property ownership while ensuring compliance with local laws and Sharia principles.
Download
Offer To Purchase Contract
A Saudi Arabian law-governed document outlining terms and conditions for a proposed property purchase, combining Sharia principles with modern commercial practices.
Download
Commercial Real Estate Purchase Agreement
A Shariah-compliant commercial real estate purchase agreement under Saudi Arabian law for transferring ownership of commercial property.
Download
Trust Agreement For Property
A Shariah-compliant property trust agreement under Saudi Arabian law that establishes and governs the management of property held in trust, specifying trustee powers and beneficiary rights.
Download
Wholesale Real Estate Contract
A Saudi Arabian law-governed agreement for wholesale real estate transactions, enabling property contract assignment from initial buyer to end buyer with necessary regulatory compliance.
Download
Wholesale Agreement Contract
A Saudi Arabian law-governed agreement establishing terms for wholesale supply arrangements, ensuring compliance with local regulations and Sharia principles.
Download
Property Co Ownership Agreement
A Saudi Arabian law-governed agreement establishing rights and obligations between multiple property owners, aligned with Shariah principles and local regulations.
Download
Property Sale Agreement
A Saudi Arabian law-governed agreement for the sale and transfer of real property ownership, incorporating both Sharia and civil law requirements.
Download
Property Lease Agreement
A Saudi Arabian law-compliant agreement establishing terms and conditions for leasing real property, incorporating both civil law requirements and Sharia principles.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)