The Private Land Purchase Agreement is a fundamental legal instrument used in Saudi Arabia for documenting the sale and purchase of private land. This document is essential when transferring land ownership between parties, whether individuals or corporate entities, and must comply with both Saudi civil law and Sharia principles. It is typically used for transactions involving undeveloped land, residential plots, commercial properties, or agricultural land. The agreement includes crucial elements such as property identification, price determination, payment schedules, and transfer procedures, while ensuring compliance with Saudi property registration requirements and foreign ownership restrictions where applicable. This document is particularly important given Saudi Arabia's strict property registration system and the need for clear documentation for the Ministry of Justice's property transfer procedures.
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1. Parties: Identification of the seller and purchaser with full legal names, addresses, and national ID/CR numbers as required by Saudi law
2. Background: Context of the transaction and confirmation that the seller is the legal owner of the property with full authority to sell
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and relevant Saudi legal terms
4. Property Description: Detailed description of the land including exact boundaries, dimensions, deed number, and location according to official records
5. Purchase Price: Agreed purchase price, payment schedule, and method of payment in compliance with Sharia principles
6. Payment Terms: Detailed breakdown of payment structure, deposit requirements, and final payment conditions
7. Title and Transfer: Process of title transfer through the Saudi Ministry of Justice and required documentation
8. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and compliance with Saudi property laws
9. Buyer's Warranties: Warranties regarding legal capacity to purchase and source of funds verification
10. Completion: Procedures for completing the sale, including registration requirements and timing
11. Default and Termination: Consequences of default by either party and termination provisions
12. Governing Law: Confirmation of Saudi law and Sharia principles as governing law
13. Dispute Resolution: Mechanism for resolving disputes through Saudi courts or authorized arbitration centers
1. Mortgage Arrangements: Required if the property is being purchased with mortgage financing, detailing lender requirements and Sharia-compliant financing structure
2. Development Rights: Include when the land has specific development potential or restrictions that need to be addressed
3. Environmental Conditions: Required for properties with potential environmental issues or specific environmental requirements
4. Foreign Ownership Compliance: Required when the purchaser is a foreign entity, detailing compliance with foreign ownership regulations
5. Conditions Precedent: Include when completion is subject to specific conditions such as governmental approvals
6. Municipal Approvals: Required when specific municipal permits or approvals are needed for intended use
7. Broker Provisions: Include when real estate brokers are involved in the transaction
8. Post-Completion Obligations: Required when parties have continuing obligations after completion of the sale
1. Property Title Deed: Copy of the original title deed with official translation if required
2. Property Plan: Official surveyor's plan showing boundaries and dimensions
3. Land Registration Certificate: Current land registration details from the Ministry of Justice
4. Payment Schedule: Detailed breakdown of payment installments and due dates
5. Due Diligence Documents: List of all property-related documents reviewed and verified
6. Property Photographs: Recent photographs of the property and its boundaries
7. Municipality Certificates: Relevant certificates showing zoning and permitted use
8. Identity Documents: Copies of parties' identification documents and authorization documents
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Property Development
Investment & Banking
Agriculture
Industrial Development
Commercial Property
Residential Property
Hospitality & Tourism
Retail
Infrastructure Development
Religious Endowments (Awqaf)
Relevant Teams
Legal
Real Estate
Compliance
Property Development
Investment
Finance
Business Development
Risk Management
Corporate Affairs
Operations
Relevant Roles
Real Estate Manager
Property Development Director
Legal Counsel
Compliance Officer
Investment Manager
Land Acquisition Manager
Chief Executive Officer
Chief Financial Officer
Property Portfolio Manager
Real Estate Broker
Business Development Manager
Project Manager
Corporate Lawyer
Property Rights Specialist
Risk Management Officer
Real Estate Investment Analyst
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