Deed Of Absolute Sale Land Template for Saudi Arabia

The Deed of Absolute Sale Land is a crucial legal instrument in Saudi Arabian property transactions, used when there is a permanent and complete transfer of land ownership from one party to another. This document is essential in Saudi Arabia's real estate sector, where property transactions must comply with both civil law and Shariah principles. It serves as the primary evidence of property ownership transfer and must be registered with the appropriate authorities to be legally effective. The deed includes comprehensive details about the property, parties involved, consideration paid, and various legal declarations required under Saudi law. It's particularly important because Saudi Arabia has specific requirements for property transfers, including restrictions on foreign ownership and mandatory governmental approvals. The document must be notarized and registered with the Land Registry to ensure legal validity and proper recording of the transaction.

1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, ID/Iqama numbers, and capacity to enter into the agreement

2. Background: Brief history of the property ownership and context of the sale

3. Definitions: Key terms used throughout the deed including Property, Purchase Price, Completion Date, and other relevant terms

4. Property Description: Detailed description of the land including exact measurements, boundaries, deed number, plot number, and location details as per official records

5. Consideration: Statement of the full purchase price and payment terms, including confirmation of receipt if paid in full

6. Seller's Representations and Warranties: Declarations regarding ownership, absence of encumbrances, and authority to sell

7. Transfer of Ownership: Express statement transferring all rights, title, and interests in the property to the buyer

8. Possession and Risk: Terms regarding the handover of physical possession and transfer of risk

9. Registration and Transfer Procedures: Process and responsibilities for registering the transfer with relevant authorities

10. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant court jurisdiction

11. Attestation: Formal declarations and signatures section, including notary attestation