The Unilateral Deed Of Absolute Sale is a crucial document in Saudi Arabian property transactions, used when transferring full ownership rights from one party to another. This document type is specifically designed to meet the requirements of Saudi Arabian property law and Sharia principles, making it essential for both domestic and international property transactions within the Kingdom. It includes comprehensive property descriptions, ownership declarations, and necessary warranties, while incorporating specific local legal requirements such as witness attestations and notarization. The deed is particularly important as it provides definitive evidence of ownership transfer and must be registered with relevant authorities. It's commonly used in various property transactions, from residential to commercial, and must strictly comply with both civil law requirements and Islamic principles of sale.
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1. Title and Date: Formal title of the deed and date of execution
2. Parties: Details of the Seller (Grantor) making the unilateral declaration of sale
3. Background: Context of the sale and brief history of property ownership
4. Definitions: Key terms used throughout the deed
5. Property Description: Detailed description of the property including location, boundaries, and registration details
6. Ownership Declaration: Seller's declaration of full ownership and right to sell
7. Consideration: Statement of the full purchase price and confirmation of receipt
8. Transfer of Title: Express declaration transferring all rights and title to the buyer
9. Seller's Warranties: Warranties regarding property title, absence of encumbrances, and legal compliance
10. Tax Declarations: Statements regarding tax obligations and payments
11. Governing Law: Confirmation of Saudi law and Sharia compliance
12. Execution: Formal execution clause and signature block
1. Property History: Detailed history of property ownership and transfers, used when the property has a complex ownership history
2. Environmental Declarations: Statements regarding environmental condition, used for industrial or commercial properties
3. Development Permits: Information about existing development permits, used for properties with ongoing or planned development
4. Tenant Rights: Details of existing tenancies, used when property is subject to lease agreements
5. Foreign Ownership Compliance: Additional declarations for non-Saudi buyers, used when buyer is a foreign national or entity
1. Property Title Deed: Copy of the original title deed and registration documents
2. Property Plans: Official plans and surveys of the property
3. Property Photographs: Recent photographs documenting the current state of the property
4. Tax Clearance Certificates: Documents proving payment of all relevant taxes and fees
5. Municipal Approvals: Copies of relevant municipal permits and approvals
6. Power of Attorney: If applicable, documentation authorizing the seller to act on behalf of the owner
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Residential Property
Industrial Property
Agriculture
Retail
Hospitality
Manufacturing
Warehousing
Office Space
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Corporate Affairs
Investment
Operations
Risk Management
Documentation
Asset Management
Relevant Roles
Real Estate Manager
Property Lawyer
Legal Counsel
Compliance Officer
Property Director
Asset Manager
Real Estate Developer
Property Investment Manager
Corporate Lawyer
Notary Public
Real Estate Agent
Property Administrator
Legal Director
Transaction Manager
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