The Property Declaration Form is a crucial document required by Saudi Arabian authorities for maintaining transparency and legal compliance in real estate ownership. It is used whenever there is a need to officially declare property ownership, whether for new acquisitions, periodic reporting requirements, or regulatory compliance purposes. The form includes comprehensive information about the property, its ownership structure, value, and current status, adhering to requirements set forth by various Saudi government entities including the Real Estate General Authority (REGA) and the Ministry of Justice. This document plays a vital role in preventing money laundering, ensuring proper property registration, and maintaining accurate records of real estate ownership within the Kingdom. It must comply with both civil regulations and Shariah law principles that govern property ownership in Saudi Arabia.
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1. Declaration Header: Official form title, reference number, and date of declaration
2. Declarant Information: Full legal name, national ID/Iqama number, contact details, and address of the person making the declaration
3. Property Details: Comprehensive description of the property including location, type, size, and official property identification numbers
4. Ownership Information: Details of current ownership, including percentage of ownership if applicable, and date of acquisition
5. Property Value: Declared market value of the property and the basis for valuation
6. Source of Funds: Declaration of how the property was acquired and source of funds used for purchase
7. Current Usage: Statement of how the property is currently being used (residential, commercial, etc.)
8. Encumbrances: Declaration of any mortgages, liens, or other encumbrances on the property
9. Verification Statement: Legal statement confirming the truth and accuracy of the declared information
10. Signature Block: Space for signature, attestation, and official stamps
1. Co-Owner Information: Details of additional owners when property has multiple owners
2. Foreign Ownership Declaration: Additional declarations required for non-Saudi owners, including relevant permits
3. Property Income: Declaration of any income generated from the property, if applicable
4. Developer Information: Details of the property developer for new properties or off-plan purchases
5. Power of Attorney: Information about representative if declaration is made by authorized representative
6. Previous Ownership History: Details of previous owners if the property has changed hands within past 5 years
1. Property Documentation: Copies of property deed, registration certificates, and other official documents
2. Property Plans: Official plans, maps, or drawings of the property
3. Photographic Evidence: Recent photographs of the property as required by authorities
4. Valuation Report: Independent property valuation report if required
5. Ownership Documents: Supporting documents proving ownership and method of acquisition
6. Technical Specifications: Detailed technical information about the property including building specifications and permits
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking and Finance
Legal Services
Government and Public Sector
Construction
Property Development
Property Management
Investment and Asset Management
Professional Services
Insurance
Relevant Teams
Legal
Compliance
Real Estate
Property Management
Asset Management
Risk Management
Documentation
Corporate Secretariat
Investment
Operations
Relevant Roles
Real Estate Manager
Property Manager
Legal Counsel
Compliance Officer
Real Estate Agent
Property Developer
Asset Manager
Investment Manager
Real Estate Administrator
Tax Advisor
Property Valuation Specialist
Real Estate Documentation Officer
Corporate Secretary
Risk Management Officer
Legal Documentation Specialist
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