The Simple Home Purchase Agreement is a fundamental legal document used in Saudi Arabian residential property transactions. This agreement is specifically designed to comply with both Saudi civil law and Islamic Sharia principles, making it suitable for property transfers within the Kingdom. The document is typically used when individuals or families are purchasing residential properties and requires careful attention to local regulations, including those from the Ministry of Housing and municipal authorities. It includes essential provisions for property description, payment terms, transfer procedures, and warranties, while incorporating necessary cultural and religious considerations specific to Saudi Arabia. The agreement is structured to protect both buyer and seller interests while ensuring smooth property transfer through official channels.
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1. Parties: Identification of the seller and buyer with full legal names, national ID numbers, and contact details as required by Saudi law
2. Background: Context of the transaction and confirmation that the property is legally owned by the seller and eligible for sale
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and legal concepts
4. Property Description: Detailed description of the property including address, dimensions, deed number, and registration details
5. Purchase Price and Payment Terms: Agreed purchase price, payment schedule, and method of payment in compliance with Sharia principles
6. Property Transfer: Process and timeline for transferring property ownership through the official channels
7. Seller's Warranties: Seller's confirmations regarding property ownership, absence of disputes, and compliance with regulations
8. Buyer's Obligations: Buyer's commitments including payment, documentation, and registration requirements
9. Completion Requirements: Steps required to complete the transaction including documentation and registration
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant court jurisdiction
1. Property Inspection: Details of property inspection rights and findings, used when buyer requires pre-completion inspection
2. Mortgage Provisions: Required when the purchase involves Sharia-compliant financing arrangements
3. Foreign Ownership: Additional provisions required when the buyer is a non-Saudi national
4. Existing Tenancies: Details of any existing tenants and lease agreements, if property is currently rented
5. Defect Resolution: Procedures for addressing any discovered defects, used when property requires repairs
6. Utility Transfers: Process for transferring utility accounts, used when specifically requested by parties
1. Property Details Schedule: Detailed technical description of the property including plot number, size, boundaries, and any included fixtures
2. Title Deed Documents: Copies of official property ownership documentation and registration certificates
3. Payment Schedule: Detailed breakdown of payment installments and due dates if payment is not made in full
4. Property Condition Report: Documentation of property condition at time of sale, including photographs and inspection findings
5. Required Governmental Approvals: List of necessary permits and approvals required for property transfer
6. Property Plans: Official property plans and drawings as registered with relevant authorities
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Title Deed Officer
Real Estate Transaction Specialist
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Mortgage Officer
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