Contract Of Real Estate Mortgage Template for Saudi Arabia

1. Third Party Consent: Required when the property has existing rights or requires governmental approval

2. Insurance Requirements: Detailed insurance obligations when required by the mortgagee

3. Property Management: Specific requirements for property management during the mortgage term

4. Assignment and Transfer: Terms for transferring mortgage rights, if permitted

5. Multiple Properties: Additional provisions when the mortgage covers multiple properties

6. Foreign Ownership Provisions: Special provisions required when the mortgagor is a foreign entity

7. Sharia Compliance Declaration: Specific declarations regarding Sharia compliance when required by certain financial institutions

1. Property Schedule: Detailed technical description of the property, including maps and boundaries

2. Title Documents: Copies of title deeds and registration certificates

3. Facility Agreement Details: Summary of the main financing agreement terms

4. Property Valuation Report: Independent valuation of the mortgaged property

5. Required Permits: Copies of relevant governmental permits and approvals

6. Insurance Certificates: Details of property insurance coverage

7. Power of Attorney: If applicable, power of attorney for mortgage registration or enforcement

8. Payment Schedule: Schedule of payments under the secured facility