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Deed Of Absolute Sale
"I need a Deed of Absolute Sale for a commercial warehouse property in Riyadh Industrial City, with completion scheduled for March 15, 2025, including provisions for existing tenant agreements and staged payment terms."
1. Parties: Identification of the seller and buyer with complete details including names, identification numbers, addresses, and nationality
2. Background: Brief context of the sale transaction and confirmation of the seller's ownership rights
3. Definitions: Key terms used throughout the deed including Property, Purchase Price, Completion Date, etc.
4. Subject Matter of Sale: Detailed description of the property being sold including location, boundaries, size, and registration details
5. Consideration: Purchase price, payment terms, and confirmation of receipt if applicable
6. Warranties and Representations: Seller's warranties regarding ownership, absence of encumbrances, and authority to sell
7. Transfer of Ownership: Clear statement of transfer of all rights, title, and interests in the property
8. Possession: Terms of delivering physical possession of the property
9. Registration and Transfer Procedures: Process for completing the legal transfer in relevant government offices
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant jurisdiction
11. Execution: Formal execution clause and signature blocks compliant with Saudi requirements
1. Conditions Precedent: Used when there are specific conditions that must be met before completion of the sale
2. Existing Tenancies: Required when the property is subject to existing lease agreements
3. Property Services: Needed when dealing with utility connections and service contracts
4. Tax Provisions: Required when there are specific tax implications to be addressed
5. Foreign Ownership Provisions: Required when buyer is a foreign national or entity
6. Property Maintenance: Used when there are specific maintenance obligations until completion
7. Broker Provisions: Required when real estate brokers are involved in the transaction
1. Property Description Schedule: Detailed technical description of the property including plans and specifications
2. Title Documents: Copies of relevant title documents and registration certificates
3. Payment Schedule: If payment is to be made in installments or subject to conditions
4. Property Inspection Report: Technical inspection report of the property condition
5. Encumbrance Certificate: Official documentation showing any registered encumbrances
6. Municipal Permits: Copies of relevant municipal permits and certificates
7. Power of Attorney: If any party is acting through an attorney or representative
Authors
Applicable Law
Business Day
Completion
Completion Date
Consideration
Encumbrances
Effective Date
Municipality
Notary Public
Parties
Permitted Encumbrances
Property
Property Documents
Purchase Price
Registration Authority
Seller's Warranties
Title Deed
Transfer Date
Utilities
Vacant Possession
Registration Fees
Seller
Buyer
Property Description
Land Registration Certificate
Completion Documents
Outstanding Liabilities
Regulatory Approvals
Sharia Compliance
Transfer Procedures
Municipal Certificates
Sale Documents
Property Rights
Ownership Rights
Property Description
Ownership Rights
Sale and Purchase
Consideration
Payment Terms
Transfer of Title
Possession
Representations and Warranties
Title Guarantee
Encumbrances
Municipal Compliance
Registration Requirements
Property Condition
Utilities Transfer
Tax Obligations
Risk and Insurance
Regulatory Compliance
Further Assurance
Entire Agreement
Severability
Force Majeure
Notices
Governing Law
Dispute Resolution
Language
Costs and Expenses
Assignment
Third Party Rights
Execution
Real Estate
Construction
Banking & Finance
Property Development
Hospitality
Retail
Industrial
Commercial Property
Residential Property
Agriculture
Manufacturing
Legal
Real Estate
Compliance
Property Management
Facilities Management
Corporate Services
Risk Management
Operations
Acquisitions
Asset Management
Real Estate Manager
Property Lawyer
Legal Counsel
Property Developer
Real Estate Agent
Compliance Officer
Real Estate Investment Manager
Property Administrator
Facilities Manager
Contract Manager
Legal Director
Chief Legal Officer
Property Portfolio Manager
Real Estate Transaction Coordinator
Title Officer
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