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Deed Of Sale For House And Lot
"I need a standard Deed of Sale for House and Lot for a residential property in Riyadh, with completion date set for March 15, 2025, where both buyer and seller are Saudi nationals and payment will be made in full at closing."
1. Parties: Identification of the seller and buyer with full legal names, identification numbers, and addresses as required by Saudi law
2. Background: Context of the sale and brief description of the property being transferred
3. Definitions: Key terms used throughout the deed, including property-specific terminology and legal concepts
4. Property Description: Detailed legal description of the house and lot, including deed number, plot number, and official measurements
5. Sale Price and Payment Terms: Purchase price, payment method, and schedule of payments if applicable
6. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and compliance with Sharia law
7. Transfer of Ownership: Terms of transfer and specific date when ownership passes to the buyer
8. Registration and Documentation: Requirements for property registration with relevant authorities and documentation process
9. Possession and Risk: Date of possession and transfer of risk to the buyer
10. Taxes and Fees: Allocation of responsibility for registration fees, taxes, and other charges
11. Governing Law: Confirmation that the deed is governed by Saudi Arabian law and Sharia principles
12. Execution: Signature requirements and witnessing provisions as per Saudi law
1. Mortgage Details: Required if the property is being purchased with mortgage financing, detailing the mortgage provider and terms
2. Foreign Ownership Compliance: Required for non-Saudi buyers, including necessary permits and compliance with foreign ownership laws
3. Existing Tenancies: Required if the property is sold with existing tenants, detailing their rights and lease terms
4. Construction Warranties: Required for newly constructed properties, detailing builder warranties and defect liability periods
5. Property Management Handover: Required for properties within managed communities, detailing service charges and management terms
6. Utilities and Services: Optional section detailing the transfer of utility accounts and services
7. Condition of Property: Optional detailed description of property condition and any agreed repairs or modifications
1. Property Title Documents: Copies of original title deed and registration documents
2. Property Plans: Official surveyor's plans showing property boundaries and measurements
3. Inventory: List of fixtures, fittings, and any items included in the sale
4. Payment Schedule: Detailed breakdown of payment terms if not made in single payment
5. Property Photographs: Documentary photographs of property condition at time of sale
6. Regulatory Approvals: Copies of all necessary permits and approvals from relevant authorities
7. Property Inspection Report: Technical report on property condition and compliance with building regulations
Authors
Completion Date
Deed
Purchase Price
Closing
Title Deed
Effective Date
Encumbrances
Fixtures and Fittings
Land
Improvements
Municipality
Notary Public
Parties
Payment Terms
Possession Date
Property Registration Office
Registration Fees
Seller's Warranties
Transfer Date
Utilities
Vacant Possession
Zakat
Sukuk
Beneficial Owner
Building Permit
Common Areas
Deed Number
Plot Number
Legal Description
Registration Certificate
Survey Plan
Transfer of Ownership
Witness
Working Day
Sale and Purchase
Purchase Price
Payment Terms
Title Transfer
Property Registration
Representations and Warranties
Possession
Taxes and Fees
Due Diligence
Property Condition
Utilities Transfer
Risk and Insurance
Compliance with Law
Islamic Finance Compliance
Foreign Ownership
Municipality Requirements
Environmental Compliance
Force Majeure
Dispute Resolution
Governing Law
Notices
Assignment
Entire Agreement
Severability
Amendments
Property Inspection
Title Insurance
Default and Remedies
Survival
Real Estate
Banking and Finance
Legal Services
Construction
Property Development
Insurance
Public Sector Administration
Urban Planning
Property Management
Islamic Finance
Legal
Real Estate
Compliance
Property Management
Documentation
Risk Management
Corporate Services
Transaction Processing
Title Registration
Contract Administration
Real Estate Lawyer
Property Conveyancer
Legal Counsel
Real Estate Agent
Property Manager
Compliance Officer
Real Estate Transaction Manager
Title Insurance Officer
Property Registration Officer
Notary Public
Real Estate Development Manager
Contract Administrator
Legal Documentation Specialist
Property Rights Specialist
Islamic Finance Consultant
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