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Agreement For Sale And Sale Deed
"I need an Agreement for Sale and Sale Deed for a commercial warehouse property in Riyadh Industrial City, valued at 15 million SAR, with completion scheduled for March 2025 and including specific provisions for existing tenant rights."
1. Parties: Identification of the seller and purchaser with full legal names, addresses, and identification numbers
2. Background: Context of the sale transaction and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Property Details: Comprehensive description of the property including location, dimensions, boundaries, and title details
5. Purchase Price: Agreed purchase price, payment terms, and method of payment
6. Warranties and Representations: Seller's warranties regarding ownership, property condition, and absence of encumbrances
7. Transfer of Ownership: Process and timing for transferring legal title to the purchaser
8. Completion Requirements: Actions required by both parties to complete the sale transaction
9. Registration: Requirements and process for registering the transfer with relevant authorities
10. Costs and Taxes: Allocation of transaction costs, fees, and tax obligations
11. Governing Law: Confirmation of Saudi law and Sharia principles as governing law
12. Execution: Signature blocks and execution requirements
1. Condition Precedents: Specific conditions that must be met before completion, used when there are pending requirements
2. Mortgage Details: Include when the property has existing mortgages or new financing arrangements
3. Property Management: Transitional arrangements for property management, relevant for commercial properties
4. Tenant Rights: Details of existing tenancies and their treatment, used when property is currently leased
5. Foreign Investment Provisions: Additional requirements when purchaser is a foreign entity
6. Development Obligations: For undeveloped land or properties requiring specific development commitments
7. Environmental Matters: Environmental warranties and obligations, particularly for industrial properties
8. Dispute Resolution: Detailed dispute resolution procedures, recommended for high-value transactions
1. Property Description Schedule: Detailed technical description of the property including plans and surveys
2. Title Documents: Copies of relevant title documents and ownership history
3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Property Inventory: List of fixtures, fittings, and other items included in the sale
5. Due Diligence Reports: Summary of technical, legal, and financial due diligence findings
6. Encumbrances Schedule: List of any existing encumbrances, easements, or restrictions
7. Required Permits: Copies of relevant permits, certificates, and regulatory approvals
8. Transfer Documents: Forms and documents required for property registration
Authors
Applicable Laws
Business Day
Completion
Completion Date
Consideration
Deed
Deposit
Effective Date
Encumbrances
Government Authority
Land
Legal Title
Liabilities
Losses
Material Adverse Effect
Municipality
Parties
Payment Schedule
Permits
Property
Property Documents
Purchase Price
Purchaser
Registration Authority
Related Rights
Relevant Authority
Sale Assets
Seller
Sharia Compliant
Title Deed
Transfer Date
Transfer Documents
Utilities
VAT
Warranties
Property Description
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Condition of Property
Encumbrances
Due Diligence
Completion
Registration Requirements
Regulatory Compliance
Risk and Insurance
Taxes and Fees
Default and Remedies
Force Majeure
Notices
Assignment
Entire Agreement
Severability
Governing Law
Dispute Resolution
Confidentiality
Costs
Further Assurance
Survivorship
Islamic Finance Compliance
Property Inspection
Environmental Matters
Third Party Rights
Real Estate
Commercial Property
Residential Property
Industrial Property
Retail
Hospitality
Manufacturing
Logistics
Agriculture
Healthcare
Education
Legal
Real Estate
Compliance
Finance
Operations
Risk Management
Business Development
Property Management
Asset Management
Investment
Corporate Affairs
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Property Manager
Investment Director
Facilities Manager
Asset Manager
Commercial Director
Chief Financial Officer
Real Estate Agent
Property Consultant
Business Development Manager
Risk Manager
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