The Property Transfer Affidavit is a fundamental document in Saudi Arabian real estate transactions, used to formally declare and record the transfer of property ownership. This document is required when transferring any real estate within Saudi Arabia, whether residential, commercial, or industrial property. The affidavit must comply with both Saudi civil law and Shariah principles, containing detailed information about the property, parties involved, and transfer terms. It serves multiple purposes: providing a sworn statement of ownership transfer, confirming compliance with legal requirements, and supporting the property registration process. The document is particularly important in the Saudi context as it helps ensure transparency in property transactions and maintains an official record of ownership changes. The Property Transfer Affidavit must be properly notarized and submitted to relevant authorities as part of the complete property transfer process.
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1. Affiant Information: Detailed information about the person making the affidavit, including full legal name, national ID/Iqama number, and contact details
2. Property Details: Comprehensive description of the property being transferred, including location, dimensions, and registration details
3. Title History: Declaration of current ownership and history of the property ownership
4. Transfer Details: Specific information about the transfer, including the intended transferee and the nature of the transfer
5. Consideration: Declaration of the amount paid or to be paid for the property transfer
6. Property Status: Declarations regarding current status of the property, including any encumbrances, mortgages, or restrictions
7. Compliance Statements: Declarations confirming compliance with relevant Saudi laws and regulations
8. Verification: Formal verification statement and signature section
1. Foreign Ownership Declaration: Required when either party is a non-Saudi national, declaring compliance with foreign ownership regulations
2. Shariah Compliance Statement: Additional declarations regarding compliance with Islamic law principles, particularly relevant for certain types of properties or transfer arrangements
3. Power of Attorney Reference: Required when the affidavit is being executed through a power of attorney
4. Municipality Approval Reference: Required for properties requiring specific municipal approvals or permits
5. Inheritance Reference: Required when the property transfer is related to inheritance distribution
1. Property Documents: Copies of property deed, registration documents, and cadastral information
2. Identity Documents: Copies of national ID/Iqama and other identification documents
3. Supporting Certificates: Municipal certificates, tax clearance certificates, and other relevant documentation
4. Property Plans: Official property plans and surveys, if required
5. Previous Transfer Documents: Copies of previous transfer documents or title deeds relevant to the property
Relevant legal definitions
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Relevant Industries
Real Estate
Construction
Banking & Finance
Legal Services
Government & Public Sector
Property Development
Investment & Asset Management
Islamic Finance
Residential Property
Commercial Property
Industrial Property
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Corporate Services
Administrative Services
Investment
Asset Management
Documentation
Risk Management
Relevant Roles
Real Estate Lawyer
Property Manager
Legal Counsel
Compliance Officer
Real Estate Agent
Property Developer
Title Officer
Real Estate Investment Manager
Corporate Counsel
Notary Public
Property Administrator
Legal Administrator
Real Estate Transaction Coordinator
Asset Manager
Property Registration Officer
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