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Assignment Deed For Resale Flat
"I need an Assignment Deed For Resale Flat for a property in Riyadh, where the buyer is a non-Saudi national requiring special permits, with completion scheduled for March 2025."
1. Parties: Identification of the Assignor (current owner) and Assignee (new buyer), including their full legal names, national ID numbers/Iqama numbers, and contact details
2. Background: Brief history of the property ownership, including original purchase details and reason for assignment
3. Definitions: Key terms used throughout the deed, including Property, Assignment Date, Completion Date, and Purchase Price
4. Property Details: Comprehensive description of the flat, including unit number, building details, location, and title deed number
5. Consideration: Details of the purchase price, payment terms, and confirmation of receipt
6. Assignment: Formal assignment clause transferring all rights, title, and interest in the property
7. Assignor's Warranties: Warranties regarding ownership, absence of encumbrances, and authority to sell
8. Registration Requirements: Procedures and obligations regarding property registration with relevant authorities
9. Completion Requirements: Steps to be taken to complete the assignment, including documentation and payments
10. Governing Law: Confirmation that the deed is governed by Saudi Arabian law and Sharia principles
1. Mortgage Details: Required if the property has an existing mortgage that needs to be discharged
2. Non-Saudi Ownership Provisions: Required if the assignee is a non-Saudi national, including necessary permits and approvals
3. Property Management Arrangements: Required if there are ongoing management contracts or service agreements to be transferred
4. Spouse Consent: Required if the property is part of marital assets or if spouse consent is necessary under applicable laws
5. Power of Attorney: Required if any party is acting through an authorized representative
6. Tax Declarations: Required for compliance with Real Estate Transaction Tax (RETT) requirements
1. Schedule 1 - Property Description: Detailed technical description of the property, including floor plans and boundaries
2. Schedule 2 - Title Documents: Copies of original title deed and other relevant ownership documents
3. Schedule 3 - Payment Schedule: Breakdown of payment terms and installments if applicable
4. Schedule 4 - Property Condition Report: Current condition of the property and any agreed repairs or modifications
5. Appendix A - Required Permits: Copies of all necessary permits and approvals for the transfer
6. Appendix B - Property Photographs: Recent photographs of the property and its major features
7. Appendix C - Building Rules and Regulations: Applicable building rules and maintenance obligations
Authors
Assignor
Assignee
Assignment Date
Completion Date
Property
Title Deed
Purchase Price
Deposit
Completion Payment
Registration Fee
Encumbrances
Municipality
Real Estate Registry
Property Documents
Warranties
Permitted Use
Building
Common Areas
Service Charges
Handover Date
Defects
Force Majeure
Effective Date
Governing Law
Working Day
Regulatory Authority
Relevant Authority
Title Certificate
Sharia Compliance Certificate
Unit
Floor Plan
Built-up Area
Sukuk
Transfer Documents
Outstanding Charges
Occupation Rights
Property Manager
Building Rules
Maintenance Obligations
Recitals
Definitions
Property Description
Assignment
Consideration
Payment Terms
Title Warranties
Property Condition
Registration Requirements
Completion Obligations
Handover
Property Documents
Representations and Warranties
Encumbrances
Tax Obligations
Insurance
Default
Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Assignment Rights
Compliance with Laws
Sharia Compliance
Property Management
Service Charges
Building Rules
Further Assurance
Counterparts
Language
Real Estate
Banking & Finance
Legal Services
Property Development
Construction
Insurance
Property Management
Urban Planning
Public Sector Administration
Legal
Real Estate
Property Management
Compliance
Risk Management
Documentation
Corporate Services
Operations
Customer Relations
Administrative Services
Real Estate Lawyer
Property Manager
Legal Counsel
Conveyancing Officer
Real Estate Agent
Mortgage Officer
Property Registration Officer
Compliance Officer
Real Estate Transaction Manager
Legal Document Specialist
Property Rights Administrator
Title Insurance Officer
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