All Countries
Banking
Lot Payment Agreement

Lot Payment Agreement Template for Saudi Arabia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Lot Payment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Lot Payment Agreement

"I need a Lot Payment Agreement for a commercial property in Riyadh, with payment structured in 4 quarterly installments starting March 2025, including specific development obligations for a retail complex."

Celebrated by
Collaborations with
Investors
Document background
The Lot Payment Agreement is a crucial document used in Saudi Arabian real estate transactions when structuring the purchase of land lots through installment payments or specific payment arrangements. This agreement type is particularly relevant in development projects, commercial land acquisitions, and residential property purchases where the payment is not made as a single lump sum. The document must comply with Saudi Arabian property laws, Sharia principles, and SAMA regulations, making it distinct from similar agreements in other jurisdictions. It typically includes detailed payment schedules, property specifications, development requirements, and conditions for title transfer. The Lot Payment Agreement serves as a cornerstone document for property developers, investors, and individual buyers in the Saudi Arabian market, providing legal security for both parties while ensuring regulatory compliance.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

2. Background: Context of the agreement, including brief description of the lot and purpose of the transaction

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the lot including boundaries, dimensions, and title details

5. Purchase Price: Total purchase price and payment structure

6. Payment Terms: Detailed payment schedule, installment amounts, and payment methods

7. Payment Conditions: Conditions precedent and subsequent for payments

8. Title and Ownership: Provisions regarding transfer of title and ownership rights

9. Representations and Warranties: Statements of fact and promises by both parties

10. Default and Remedies: Consequences of default and available remedies

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction

12. Notices: Communication procedures between parties

13. Execution: Signature blocks and execution requirements

Optional Sections

1. Development Obligations: Used when the lot requires specific development or construction obligations

2. Municipal Approvals: Include when specific municipal permits or approvals are pending

3. Mortgage Provisions: Required when the purchase involves mortgage financing

4. Property Management: Include when shared facilities or common areas are involved

5. Assignment Rights: Used when transfer rights need specific regulation

6. Force Majeure: Include when specific events beyond control need to be addressed

7. Escrow Arrangements: Required when payments are managed through an escrow agent

8. Dispute Resolution: Alternative dispute resolution mechanisms if preferred over court proceedings

Suggested Schedules

1. Property Plan: Detailed plan showing lot boundaries and dimensions

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Title Documents: Copies of relevant title documentation and certificates

4. Due Diligence Reports: Results of property and legal due diligence

5. Municipality Certificates: Relevant municipal certificates and approvals

6. Property Photographs: Current photographs of the lot and surroundings

7. Bank Details: Payment account details for both parties

8. Power of Attorney: If applicable, powers of attorney for signing parties

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
Business Day
Completion Date
Default Event
Development Requirements
Down Payment
Due Date
Effective Date
Encumbrances
Final Payment
Force Majeure Event
Governing Law
Installment Payment
Land Registry
Late Payment Charges
Lot
Lot Plan
Municipal Approval
Outstanding Balance
Payment Schedule
Payment Terms
Permitted Use
Property
Property Title
Purchase Price
Purchaser
Registration Fees
Relevant Authority
SAMA
Seller
Sharia Compliant
Term
Title Deed
Transfer Date
Zoning Requirements
Relevant Industries

Real Estate

Construction

Property Development

Banking & Finance

Legal Services

Urban Planning

Infrastructure Development

Commercial Property

Residential Property

Investment & Asset Management

Relevant Teams

Legal

Real Estate

Finance

Compliance

Property Development

Project Management

Investment

Risk Management

Operations

Corporate Affairs

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Contract Manager

Financial Controller

Investment Manager

Land Acquisition Manager

Project Manager

Compliance Officer

Property Portfolio Manager

Chief Financial Officer

Development Director

Real Estate Agent

Property Lawyer

Transaction Manager

Industries
Real Estate Registered Law (Saudi Arabia): Governs the registration and documentation of real estate ownership and transactions in Saudi Arabia
Sharia Law Principles: Islamic legal principles that govern property transactions, including prohibitions on uncertainty (gharar) and interest (riba)
Saudi Commercial Law: Regulates commercial transactions and contracts, including terms of payment and contractual obligations
SAMA Real Estate Finance Laws: Regulations governing real estate financing and payment arrangements in Saudi Arabia
Urban Planning and Development Regulations: Municipal regulations affecting lot development, zoning, and land use restrictions
Anti-Money Laundering Law: Regulations requiring verification of payment sources and reporting of large transactions
Land Registration Law: Requirements for registering land ownership and transfers with the appropriate authorities
Saudi Civil Transactions Law: Governs civil aspects of property transactions between parties
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

Find the exact document you need

Installment Plan Contract

A Saudi Arabian law-governed agreement for installment-based purchases, compliant with Sharia principles and Saudi commercial regulations.

find out more

Vehicle Payment Agreement

A Sharia-compliant agreement under Saudi Arabian law governing vehicle purchase terms, payment schedules, and ownership transfer conditions.

find out more

Contract Agreement Payment Terms

A Saudi law-governed agreement establishing payment terms and conditions between parties, structured to comply with local commercial law and Sharia principles.

find out more

Rent Payment Contract

A Saudi Arabian law-compliant agreement establishing rent payment terms and conditions between landlord and tenant, including payment schedules and enforcement mechanisms.

find out more

Paid Agreement

A Saudi law-governed commercial agreement establishing payment terms and obligations between parties, compliant with Sharia principles.

find out more

Auto Payment Contract

A Saudi Arabian law-governed agreement establishing automated payment arrangements between service providers and customers, compliant with local banking regulations and Sharia law.

find out more

Advance Payment Agreement Letter

A Saudi law-governed formal letter establishing terms and conditions for advance payments, ensuring compliance with local regulations and Sharia principles.

find out more

Contract For Repayment Of Money

A Sharia-compliant money repayment agreement under Saudi Arabian law, establishing terms for loan repayment and enforcement.

find out more

Personal Loan Repayment Agreement

A Sharia-compliant personal loan repayment agreement under Saudi Arabian law, establishing terms and conditions for loan repayment while ensuring compliance with Islamic banking principles.

find out more

Payment Schedule Agreement

A Saudi Arabian law-governed agreement establishing structured payment terms and schedules between parties, compliant with local regulations and Shariah principles.

find out more

Loan Repayment Agreement Letter

A Sharia-compliant loan repayment agreement letter under Saudi Arabian law, detailing repayment terms and conditions between lender and borrower.

find out more

Lot Payment Agreement

A Saudi Arabian legal agreement governing the payment terms and conditions for land lot purchases, compliant with local laws and Sharia principles.

find out more

Down Payment Contract

A Shariah-compliant contract under Saudi Arabian law governing down payment terms and conditions in commercial transactions.

find out more

Credit Payment Agreement Letter

A Shariah-compliant credit payment agreement letter under Saudi Arabian law, documenting credit terms and payment obligations in accordance with Islamic finance principles and SAMA regulations.

find out more

Commission Payment Agreement

A Saudi Arabian law-governed agreement establishing commission payment terms, calculation methods, and parties' obligations in compliance with local regulations and Sharia principles.

find out more

Advance Payment Contract

A Saudi Arabian law-governed contract establishing terms and conditions for advance payment arrangements, including necessary guarantees and Sharia-compliant payment provisions.

find out more

Advance Payment Agreement

A Saudi law-governed agreement establishing terms for advance payments, including security arrangements and Sharia-compliant recovery mechanisms.

find out more

Simple Note Payable Agreement

A Sharia-compliant promissory note agreement under Saudi Arabian law documenting a legally binding promise to pay a specified sum under defined terms.

find out more

Rental Payment Agreement Letter

A Saudi Arabian law-governed document that formalizes rental payment arrangements between landlord and tenant, detailing payment terms and schedules.

find out more

Promise To Pay Agreement Letter

A Sharia-compliant written commitment under Saudi law where a debtor formally promises to pay a specified amount to a creditor.

find out more

Payout Agreement

A Saudi law-governed agreement establishing payment terms and obligations between parties, compliant with Sharia principles and local regulations.

find out more

Payment Received Agreement Letter

A formal document under Saudi Arabian law acknowledging receipt of payment, serving as legal proof of transaction completion while adhering to local commercial regulations and Sharia principles.

find out more

Pay Settlement Agreement

A Saudi Arabian legal document that formalizes the settlement of payment obligations between employer and employee, ensuring compliance with local labor laws and Sharia principles.

find out more

Partnership Payment Agreement

A Saudi Arabian law-governed agreement establishing payment terms and financial arrangements between partnership entities, aligned with local regulations and Shariah principles.

find out more

Partial Payment Contract

A Saudi Arabian law-governed agreement establishing terms for structured partial payments, compliant with both commercial and Sharia law requirements.

find out more

Part Payment Sale Agreement

A Saudi Arabian law-governed agreement for installment-based sales transactions, structured to comply with Sharia law principles.

find out more

Letter Of Repayment Agreement

A Sharia-compliant debt repayment agreement under Saudi Arabian law that establishes terms and schedules for debt settlement between parties.

find out more

Joint Payment Agreement

A Saudi law-governed agreement establishing shared payment obligations between multiple parties, compliant with Sharia principles and local regulations.

find out more

Invoicing Agreement

A Saudi Arabian law-governed agreement establishing terms and procedures for invoicing relationships, including e-invoicing compliance and VAT requirements.

find out more

House Payment Agreement

A Shariah-compliant agreement under Saudi Arabian law establishing terms and schedule for residential property payment installments.

find out more

Entrusted Payment Agreement

A Sharia-compliant agreement under Saudi Arabian law governing entrusted payment arrangements between parties, including payment mechanisms and compliance requirements.

find out more

Down Payment Agreement

A Saudi Arabian law-governed agreement that establishes the terms and conditions for a down payment, ensuring compliance with both civil and Sharia law requirements.

find out more

Deferred Sale Agreement

A Sharia-compliant Deferred Sale Agreement under Saudi Arabian law, enabling asset sales with deferred payment terms while ensuring compliance with Islamic finance principles.

find out more

Deferred Payment Contract

A Shariah-compliant agreement under Saudi Arabian law enabling deferred payment for goods or services, structured to avoid interest while ensuring legal enforceability.

find out more

Deferment Agreement

A Saudi Arabian law-governed agreement that restructures payment obligations in compliance with Sharia and commercial law principles.

find out more

Contract For Vehicle Sale With Payments

A Shariah-compliant vehicle sale agreement with payment terms for use in Saudi Arabia, meeting local regulatory and Islamic finance requirements.

find out more

Contract For Installment Payments

A Sharia-compliant installment payment agreement under Saudi Arabian law, enabling structured periodic payments for purchases while ensuring compliance with local regulations and Islamic financial principles.

find out more

Cash Payment Contract

A Sharia-compliant cash payment contract under Saudi Arabian law, establishing terms and conditions for cash transactions between parties.

find out more

Car Purchase Installment Agreement

A Sharia-compliant vehicle purchase installment agreement under Saudi Arabian law, detailing terms of sale, payment schedule, and ownership transfer conditions.

find out more

Car Installment Agreement

A Sharia-compliant vehicle installment purchase agreement under Saudi Arabian law, structuring the terms and conditions for vehicle financing through periodic payments.

find out more

Royalty Investment Agreement

A Saudi Arabian law-governed agreement establishing terms for royalty-based investments, compliant with local regulations and Sharia principles.

find out more

Auto Loan Agreement

A Shariah-compliant vehicle financing agreement under Saudi Arabian law establishing terms and conditions for auto loans between financial institutions and borrowers.

find out more

Vehicle Sales Agreement Payment Plan

A Saudi Arabian law-governed agreement for vehicle sales with installment payments, incorporating Sharia-compliant financing principles.

find out more

Simple Promise To Pay Agreement

A Shariah-compliant Promise to Pay Agreement under Saudi Arabian law that documents a debtor's commitment to repay a specified sum to a creditor.

find out more

Layaway Agreement

A Sharia-compliant layaway purchase agreement under Saudi Arabian law, establishing terms for installment payments and item storage until full payment completion.

find out more

Land Installment Agreement

A Saudi Arabian legal agreement for the sale of property through installment payments, compliant with both Shariah and local real estate laws.

find out more

Full And Final Payment Agreement

A Saudi law-governed agreement that documents final settlement terms and complete discharge of financial obligations between parties, compliant with Sharia principles.

find out more

Repayment Contract Agreement

A Sharia-compliant repayment agreement under Saudi Arabian law establishing terms for debt settlement between parties.

find out more

Rent Payment Agreement

A Saudi Arabian law-compliant agreement establishing rental payment terms and conditions between landlord and tenant, including payment schedules and obligations.

find out more

Payment Schedule Contract

A Sharia-compliant payment schedule agreement under Saudi Arabian law that establishes and regulates periodic payments between parties while ensuring adherence to local regulations and Islamic principles.

find out more

Car Payment Contract

A Sharia-compliant car payment contract under Saudi Arabian law, establishing terms for vehicle financing and ownership transfer.

find out more

Letter Of Agreement For Payment Of Debt

A Sharia-compliant debt payment agreement document under Saudi Arabian law that formalizes debt acknowledgment and payment terms between parties.

find out more

Debt Repayment Agreement

A Sharia-compliant debt repayment agreement under Saudi Arabian law that structures debt settlement terms between creditor and debtor.

find out more

Full Payment Agreement

A Sharia-compliant agreement under Saudi Arabian law establishing terms and conditions for full payment obligations between parties.

find out more

Promise To Pay Agreement

A Sharia-compliant debt acknowledgment and payment commitment agreement under Saudi Arabian law, documenting debt obligations and payment terms.

find out more

Payment Terms Agreement

A Sharia-compliant agreement under Saudi law establishing payment terms and conditions between parties, including payment schedules, methods, and dispute resolution.

find out more

Paying Agency Agreement

A Saudi Arabian law-governed agreement establishing payment processing arrangements between a principal and a paying agent, compliant with Sharia law and SAMA regulations.

find out more

Installment Sale Agreement

A Saudi Arabian law-governed agreement for the sale of goods with payment in installments, structured to comply with Sharia principles and local regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.