Document background
The Conditional Deed of Sale is a crucial legal instrument in Saudi Arabian property transactions where the completion of sale is subject to specific conditions. This document is commonly used when parties agree to a sale but require certain conditions to be met before the transfer of ownership can occur, such as obtaining regulatory approvals, completing due diligence, or securing financing. The deed must comply with both Saudi civil law and Sharia principles, requiring careful consideration of Islamic commercial principles and local regulatory requirements. It typically includes comprehensive details about the property, parties involved, purchase price, payment terms, conditions precedent, and completion mechanisms. This type of document is particularly important in complex commercial transactions where immediate transfer of ownership is not feasible or desired.
