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Deed Of Absolute Sale By Heirs
"I need a Deed of Absolute Sale By Heirs for a commercial property in Riyadh being sold by five siblings to a local company, with completion scheduled for March 2025; one heir is based overseas so we need to include power of attorney provisions."
1. Parties: Identification of all heirs as Sellers and the Buyer, including their full legal names, national IDs, and addresses
2. Background: Details of the deceased's ownership, date of death, and establishment of heirs' legal right to sell through inheritance
3. Definitions: Key terms used in the deed including Property, Purchase Price, Completion Date, and relevant Islamic legal terms
4. Property Details: Comprehensive description of the property including location, dimensions, deed number, and registration details
5. Declaration of Ownership: Statement confirming heirs' legal ownership through inheritance and their right to sell
6. Sale and Purchase: Core terms of the sale including the purchase price and payment terms
7. Warranties and Representations: Sellers' warranties regarding their authority to sell, property condition, and absence of encumbrances
8. Completion Requirements: Steps required to complete the transfer of ownership
9. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant court jurisdiction
10. Execution: Signature block for all heirs and buyer, with witness requirements
1. Property History: Include when the property has multiple previous transfers or complex ownership history
2. Court Approval: Required when any heir is a minor or legally incapacitated
3. Power of Attorney: Include when any heir is acting through an authorized representative
4. Spousal Consent: Include when required by family status of any heir
5. Existing Tenancies: Include when the property is subject to ongoing lease agreements
6. Tax Declarations: Include when specific tax implications need to be addressed
7. Foreign Ownership Compliance: Required when the buyer is a foreign national or entity
1. Property Title Deed: Copy of original property ownership documentation
2. Death Certificate: Official death certificate of the original property owner
3. Inheritance Certificate: Official document showing distribution of inheritance shares
4. Property Plans: Official plans showing property boundaries and dimensions
5. Heirs' Identification Documents: Copies of national IDs or relevant identification documents of all heirs
6. Court Orders: Any relevant court orders confirming inheritance rights or approving sale
7. Payment Receipts: Documentation of purchase price payment and method
Authors
Heirs
Sellers
Buyer
Property
Title Deed
Purchase Price
Completion Date
Completion
Business Day
Faraid
Inheritance Certificate
Ministry of Justice
Shariah Court
Encumbrances
Transfer Date
Effective Date
Original Title Deed
Property Documents
Witnesses
Consideration
Registration
Competent Authority
Legal Representatives
Succession Deed
Death Certificate
National ID
Power of Attorney
Court Order
Warranties
Deposit
Balance Payment
Municipal Approvals
Property Plans
Signing Date
Recitals
Definitions
Inheritance Declaration
Property Description
Sale and Purchase
Purchase Price
Payment Terms
Seller Authority
Title Warranties
Property Condition
Encumbrances
Completion Requirements
Transfer of Ownership
Risk and Insurance
Representations and Warranties
Registration Requirements
Shariah Compliance
Legal Capacity
Heirs' Consent
Property Handover
Documentation Requirements
Governing Law
Jurisdiction
Authentication
Execution
Witness Requirements
Real Estate
Legal Services
Islamic Banking
Property Development
Construction
Public Sector
Notary Services
Financial Services
Property Management
Legal
Real Estate
Compliance
Property Management
Documentation
Risk Management
Islamic Banking
Client Services
Registration
Corporate Affairs
Real Estate Lawyer
Property Manager
Legal Counsel
Notary Public
Real Estate Agent
Property Registrar
Compliance Officer
Islamic Law Consultant
Title Officer
Real Estate Transaction Manager
Legal Documentation Specialist
Property Rights Specialist
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