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Home For Sale By Owner Contract
"I need a Home For Sale By Owner Contract for selling my residential villa in Riyadh, with a phased payment plan over 6 months starting March 2025, that includes specific clauses about the included furniture and fixtures while ensuring Sharia compliance."
1. Parties: Identification of the seller and buyer with full legal names, national ID numbers, and contact details as required by Saudi law
2. Background: Context of the sale, including brief property description and parties' intention to enter into the transaction
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and legal terms
4. Property Details: Comprehensive description of the property, including title deed number, location, size, and boundaries as per official documentation
5. Purchase Price: Agreed purchase price and payment terms in compliance with Sharia law principles
6. Payment Terms: Detailed payment schedule, deposit requirements, and method of payment
7. Property Transfer: Process and obligations for legal transfer of property ownership through official channels
8. Seller's Warranties: Seller's declarations regarding property ownership, condition, and absence of disputes or encumbrances
9. Buyer's Obligations: Buyer's responsibilities including payment, documentation, and registration requirements
10. Closing Process: Steps for completing the transaction, including documentation and registration requirements
11. Governing Law: Confirmation of Saudi law application and Sharia compliance
12. Dispute Resolution: Process for resolving disputes in accordance with Saudi law
1. Property Inspection: Details of property inspection process and findings, used when buyer has conducted pre-purchase inspection
2. Fixtures and Fittings: Detailed list of items included/excluded in the sale, used when specific items need to be clarified
3. Conditional Clauses: Specific conditions that must be met before completion, used when sale is subject to particular requirements
4. Existing Tenancies: Details of current tenants and lease agreements, used when property is sold with existing tenants
5. Maintenance History: Record of property maintenance and repairs, used for older properties or when specifically requested
6. Islamic Financing Provisions: Specific clauses for Sharia-compliant financing arrangements, used when Islamic financing is involved
7. Property Management: Arrangements for property management during transition period, used for complex properties or those in compounds
1. Property Title Deed: Copy of official property ownership documentation
2. Property Floor Plans: Detailed plans showing property layout and dimensions
3. Property Photographs: Recent photographs documenting property condition
4. Inventory List: Detailed list of included fixtures, fittings, and furniture if applicable
5. Municipality Certificates: Relevant certificates showing compliance with local regulations
6. Building Permits: Copies of original building permits and modifications
7. Utility Accounts: Details of utility accounts and recent bills
8. Payment Schedule: Detailed breakdown of payment instalments and dates if applicable
Authors
Property
Title Deed
Purchase Price
Completion Date
Deposit
Seller
Buyer
Effective Date
Closing
Transfer Date
Municipality
Property Registration Office
Title Search
Encumbrances
Fixtures
Fittings
Possession Date
Property Documents
Due Diligence
Utilities
Common Areas
Building Regulations
Zoning Requirements
Property Boundaries
Payment Schedule
Force Majeure
Warranties
Default
Dispute Resolution
Sharia Compliance
Title Registration
Municipal Approval
Inspection Period
Settlement Statement
Property Tax
Transaction Tax
Deed Transfer
Notarization
Witnesses
Purchase Price
Payment Terms
Title Transfer
Property Inspection
Seller Representations
Buyer Representations
Due Diligence
Closing Conditions
Property Registration
Municipal Compliance
Islamic Finance Compliance
Risk and Insurance
Property Condition
Utilities Transfer
Default and Remedies
Force Majeure
Dispute Resolution
Governing Law
Notices
Amendments
Entire Agreement
Severability
Assignment
Survival
Tax Obligations
Property Possession
Warranties
Title Insurance
Environmental Compliance
Real Estate
Legal Services
Banking & Finance
Islamic Finance
Property Development
Construction
Property Management
Insurance
Public Sector
Consulting Services
Legal
Real Estate
Property Management
Compliance
Documentation
Risk Management
Islamic Banking
Property Registration
Municipal Affairs
Customer Relations
Property Owner
Real Estate Lawyer
Legal Counsel
Property Manager
Banking Officer
Mortgage Specialist
Islamic Finance Advisor
Property Registrar
Municipality Inspector
Compliance Officer
Legal Documentation Specialist
Property Evaluator
Notary Public
Title Deed Officer
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