As Is Where Is Basis Deed Of Sale Template for Saudi Arabia

When you need to sell property or assets in their current condition without providing warranties or guarantees, an As Is Where Is Basis Deed of Sale provides the legal framework required under Saudi Arabian law. This document ensures compliance with the Saudi Civil Code and Sharia principles while protecting your interests as a seller from future claims regarding the asset's condition.

When do you need this document?

You'll require this deed when selling used equipment, machinery, or vehicles where the buyer has inspected and accepted the current condition. It's essential for distressed asset sales, property liquidations, and real estate transactions involving buildings that may require renovation or repairs. Commercial entities frequently use this document when disposing of outdated equipment, selling inventory as-is, or transferring assets during business restructuring. The deed is also necessary when selling property with known defects or when you cannot guarantee the future performance of the asset being transferred.

Key legal considerations

Under Saudi law, the "As Is Where Is" clause must be clearly stated and understood by both parties to be legally effective. You must ensure the buyer has reasonable opportunity to inspect the asset before signing, as this strengthens the validity of the disclaimer. The deed must include comprehensive asset descriptions with identifying details such as serial numbers, registration numbers, or property coordinates. Payment terms, delivery conditions, and transfer of ownership procedures must comply with Saudi Civil Code requirements. Any existing liens, encumbrances, or third-party rights must be disclosed to avoid future legal disputes. The document should specify which party bears responsibility for transfer costs, registration fees, and any applicable taxes.

Legal requirements in Saudi Arabia

The deed must be notarized by a licensed notary public and include proper identification of all parties with Saudi ID numbers or commercial registration details for companies. Real estate transactions require registration with the Ministry of Justice Real Estate Registration Department within specified timeframes. Corporate sellers need board resolutions authorizing the sale, while individual sellers must provide capacity documentation. The document must be prepared in Arabic or include certified Arabic translations for enforceability in Saudi courts. Witness signatures may be required depending on the asset value and transaction type. Bank representatives must sign when financing is involved, and all signatures must be authenticated according to Ministry of Justice documentation requirements. The completed deed should be registered with relevant government authorities to ensure legal transfer of ownership and protect both parties' rights under Saudi Arabian law.