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Home Sale Deed

Home Sale Deed Template for Saudi Arabia

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Key Requirements PROMPT example:

Home Sale Deed

"I need a Home Sale Deed for a residential villa in Riyadh, Saudi Arabia, with a completion date of March 15, 2025, including specific provisions for a foreign buyer and mortgage financing arrangements."

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Document background
The Home Sale Deed is a crucial legal instrument in Saudi Arabian real estate transactions, used whenever residential property ownership is transferred between parties. This document is essential for establishing legal ownership and must comply with both civil law requirements and Islamic Shariah principles. It contains comprehensive details about the property, including its exact specifications, location, and condition, along with the full terms of the sale agreement. The deed must be properly executed and registered with the appropriate authorities to ensure valid transfer of ownership. It serves multiple purposes: documenting the transaction terms, protecting both parties' rights, ensuring compliance with local regulations, and facilitating official property registration. This document type is particularly important in Saudi Arabia's developing real estate market, where clear documentation of ownership and transaction terms is crucial for legal certainty.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, ID numbers, and contact details

2. Background: Brief context of the property sale and statement of seller's current ownership

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

4. Property Description: Detailed legal description of the property including title deed number, plot number, location, boundaries, and total area

5. Sale and Purchase: Core transaction terms including purchase price, payment method, and transfer of ownership declaration

6. Completion Requirements: Conditions for completion, including documentation, registration requirements, and timing

7. Seller's Warranties: Warranties regarding ownership, property condition, absence of encumbrances, and legal compliance

8. Property Handover: Terms and conditions for physical possession transfer and utilities transfer

9. Registration and Transfer: Procedures for official property registration and title transfer

10. Governing Law: Confirmation of Saudi law and Shariah principles as governing law

Optional Sections

1. Mortgage Details: Required if the property has an existing mortgage or if the purchase involves new mortgage financing

2. Foreign Ownership Compliance: Required if the buyer is a non-Saudi national, detailing compliance with foreign ownership regulations

3. Property Management Transition: Required for properties within managed communities or compounds

4. Tenant Rights: Required if the property is currently leased to tenants

5. Development Obligations: Required for undeveloped or partially developed land with building obligations

6. Defect Liability: Required for new properties still under developer warranty

7. Zakat and Tax Provisions: Required when specific tax implications need to be addressed

Suggested Schedules

1. Property Title Deed: Copy of the current title deed showing ownership and property details

2. Property Plans: Official plans showing property boundaries, dimensions, and building layouts

3. Inventory List: List of fixtures, fittings, and any items included in the sale

4. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

5. Property Photographs: Recent photographs documenting the current condition of the property

6. Municipality Certificates: Relevant certificates showing compliance with local regulations

7. Utility Clearance: Documentation showing settlement of all utility bills

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Property
Completion Date
Purchase Price
Deposit
Seller
Buyer
Title Deed
Effective Date
Completion
Encumbrances
Property Documents
Registration Authority
Municipality
Handover Date
Fixtures and Fittings
Utilities
Permitted Use
Property Plan
Land Registration Certificate
Shariah Compliance Certificate
Due Diligence Period
Notary Public
Business Day
Force Majeure
Completion Requirements
Title Transfer
Building Permit
Zoning Requirements
Possession Date
Warranty Period
Default Notice
Governing Laws
Property Tax
Registration Fees
Broker
Common Areas
Building Code
Survey Plan
Payment Schedule
Clauses
Sale and Purchase
Property Description
Purchase Price and Payment
Title and Ownership
Warranties and Representations
Property Condition
Registration and Transfer
Completion Requirements
Property Handover
Encumbrances
Due Diligence
Seller's Obligations
Buyer's Obligations
Risk and Insurance
Default and Remedies
Force Majeure
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Assignment
Costs and Expenses
Shariah Compliance
Municipality Compliance
Utilities Transfer
Tax Obligations
Broker Representation
Property Inspection
Title Registration
Relevant Industries

Real Estate

Property Development

Banking & Finance

Legal Services

Property Management

Construction

Urban Planning

Islamic Finance

Insurance

Property Investment

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Document Management

Risk Management

Corporate Services

Operations

Finance

Administration

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Property Developer

Real Estate Investment Manager

Title Officer

Contract Administrator

Real Estate Transaction Coordinator

Property Conveyancer

Islamic Finance Advisor

Real Estate Documentation Specialist

Property Registration Officer

Industries
Saudi Real Estate Law (Royal Decree No. M/6): Primary legislation governing real estate ownership, transfer, and registration procedures in Saudi Arabia
Registered Real Estate Mortgage Law (Royal Decree No. M/49): Regulates mortgage registration and financing aspects of real estate transactions
Foreign Investment Law: Governs restrictions and requirements for foreign ownership of real estate in Saudi Arabia
Islamic Shariah Law: Religious legal framework that governs contract principles, including the prohibition of riba (interest) and requirements for valid sales
Real Estate Registration Law: Regulates the registration of property ownership and title transfer procedures
Value Added Tax (VAT) Law: Governs taxation aspects of real estate transactions, including applicable VAT rates and exemptions
Municipality and Land Planning Regulations: Local regulations governing property use, zoning, and building specifications
Off-Plan Sales Law (Royal Decree No. M/50): Regulates the sale of properties before completion and related escrow requirements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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