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Short Land Purchase Agreement for Saudi Arabia

Short Land Purchase Agreement Template for Saudi Arabia

A concise legal agreement governing the purchase and sale of land in Saudi Arabia, structured to comply with both Sharia law and Saudi Arabian real estate regulations. This document outlines the essential elements of a land transaction, including property details, purchase price, payment terms, and completion requirements. It incorporates mandatory provisions for property registration with relevant authorities and includes necessary warranties while maintaining a streamlined format suitable for straightforward land transactions.

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What is a Short Land Purchase Agreement?

The Short Land Purchase Agreement is designed for straightforward land transactions in Saudi Arabia where parties seek a concise yet comprehensive document that covers all essential elements of the sale. This template is particularly suitable for transactions involving clear title and standard terms, where complex development rights or unusual conditions are not a factor. The document ensures compliance with Saudi Arabian real estate laws and Sharia principles while maintaining efficiency in documentation. It includes all mandatory elements required by Saudi authorities for property transfer, such as proper party identification, property details, and payment terms, while omitting more complex provisions that might be found in larger commercial real estate transactions. This agreement is commonly used for private land sales, small commercial plots, and residential property transactions where the parties prefer a streamlined approach while maintaining legal robustness.

What sections should be included in a Short Land Purchase Agreement?

1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and ID/CR numbers as required by Saudi law

2. Background: Brief context of the transaction and confirmation that the Seller is the legal owner of the Property

3. Definitions: Key terms used in the agreement including 'Property', 'Purchase Price', and 'Completion Date'

4. Property Description: Detailed legal description of the land including title deed number, location, dimensions, and boundaries as per Saudi property registration requirements

5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule in compliance with Sharia principles

6. Completion: Process and requirements for completing the transfer, including registration at the notary public

7. Seller's Warranties: Basic warranties regarding ownership, capacity to sell, and property status

8. Buyer's Warranties: Warranties regarding capacity to purchase and source of funds

9. Governing Law: Confirmation that Saudi law and Sharia principles govern the agreement

What sections are optional to include in a Short Land Purchase Agreement?

1. Conditions Precedent: Include when completion is subject to specific conditions such as regulatory approvals or third-party consents

2. Property Inspection: Include when the buyer requires a formal inspection period before completion

3. Broker's Commission: Include when a real estate broker is involved in the transaction

4. Municipal Compliance: Include when there are specific zoning or development requirements to address

5. Foreign Ownership: Include when the buyer is a non-Saudi national or entity, addressing specific regulatory requirements

What schedules should be included in a Short Land Purchase Agreement?

1. Property Title Deed: Copy of the official title deed (Sakk) showing current ownership

2. Property Plan: Official survey plan or krooki showing property boundaries and dimensions

3. Payment Schedule: Include if payment is to be made in installments, detailing amounts and dates

4. Property Photographs: Recent photographs of the property and its boundaries

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions





















Clauses




















Relevant Industries

Real Estate

Construction

Property Development

Commercial Property

Residential Property

Investment

Agriculture

Industrial

Retail

Hospitality

Relevant Teams

Legal

Real Estate

Property Development

Compliance

Finance

Investment

Corporate Development

Operations

Risk Management

Business Development

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Corporate Lawyer

Investment Manager

Land Acquisition Manager

Real Estate Broker

Property Consultant

Compliance Officer

Chief Legal Officer

Chief Investment Officer

Real Estate Director

Development Manager

Transaction Manager

Real Estate Agent

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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