Lifetime Estate Deed Template for Saudi Arabia

The Lifetime Estate Deed serves as a crucial legal instrument in Saudi Arabia for property owners who wish to grant lifetime usage rights while retaining underlying ownership. This document is commonly used in family arrangements, estate planning, and charitable giving (Waqf) situations. The deed must strictly comply with Saudi Arabian civil law and Sharia principles, requiring careful consideration of Islamic inheritance rules and property rights. It includes detailed property descriptions, rights and obligations of all parties, maintenance responsibilities, and specific terms governing the lifetime estate arrangement. The document is particularly important in situations where property owners want to provide long-term security for beneficiaries while ensuring the property ultimately returns to designated heirs or entities upon the beneficiary's death.

1. Parties: Identification of the grantor (property owner) and grantee (lifetime estate recipient), including their full legal names, national ID numbers, and contact information

2. Background: Context of the lifetime estate grant, including the relationship between parties if relevant, and the intention to create a lifetime estate

3. Definitions: Key terms used in the deed, including 'Lifetime Estate', 'Property', 'Effective Date', and other relevant legal terminology

4. Property Description: Detailed legal description of the property, including its location, boundaries, and registration details as per Saudi property records

5. Grant of Lifetime Estate: Express declaration of the grant of lifetime estate, specifying the nature and extent of rights being transferred

6. Rights and Obligations: Detailed enumeration of the rights and responsibilities of both the grantor and grantee during the lifetime estate period

7. Term and Termination: Specification that the estate exists for the duration of the grantee's life and conditions for early termination if any

8. Compliance with Sharia: Declaration of compliance with Islamic law principles and relevant Sharia requirements

9. Property Maintenance: Responsibilities for property maintenance, repairs, and upkeep during the lifetime estate period

10. Taxes and Utilities: Allocation of responsibility for payment of property taxes, utilities, and other ongoing expenses

11. Governing Law: Confirmation that the deed is governed by Saudi Arabian law and Sharia principles

12. Execution: Formal execution clause meeting Saudi legal requirements for property deeds