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Property Trust Deed
"I need a Property Trust Deed for a commercial building in Riyadh to be held in trust for multiple family beneficiaries, with quarterly income distribution and specific Shariah-compliant investment powers for the trustee to develop the property starting March 2025."
1. Parties: Identification of the Settlor (property owner), Trustee, and Beneficiaries
2. Background: Context of the trust creation and purpose of the arrangement
3. Definitions: Key terms used throughout the deed, including property description, Islamic finance terms, and technical definitions
4. Declaration of Trust: Formal establishment of the trust and transfer of property to the Trustee
5. Trust Property: Detailed description of the property being placed in trust, including all rights and interests
6. Shariah Compliance: Provisions ensuring the trust arrangement complies with Islamic law principles
7. Trustee Powers and Duties: Comprehensive list of Trustee's authorities and responsibilities
8. Beneficiary Rights: Rights and entitlements of the beneficiaries under the trust
9. Trust Administration: Procedures for managing the trust property and making distributions
10. Term and Termination: Duration of the trust and circumstances for termination
11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdictional matters
1. Foreign Ownership Provisions: Required when any party is not a Saudi national, addressing specific foreign ownership requirements
2. Succession Planning: Optional provisions for continuation of trust upon death or incapacity of key parties
3. Investment Powers: Required when the trust includes authority to invest or develop the property
4. Multiple Trustees: Required when more than one trustee is appointed, defining their relationship and decision-making process
5. Dispute Resolution: Optional detailed procedure for handling disputes, including potential arbitration provisions
6. Income Distribution Rules: Required when the trust involves regular income distribution from property
7. Zakat Provisions: Optional section addressing Islamic charitable giving requirements
1. Property Description Schedule: Detailed legal description of the trust property, including title deeds and registration details
2. Beneficiary Schedule: List of beneficiaries and their respective interests or entitlements
3. Powers of Trustee Schedule: Comprehensive list of specific powers granted to the Trustee
4. Fee Schedule: Details of trustee compensation and trust administration expenses
5. Registration Requirements: Checklist and requirements for registering the trust deed with relevant authorities
6. Property Valuation Report: Independent valuation of the trust property at the time of trust creation
7. Shariah Compliance Certificate: Documentation from qualified scholars confirming the arrangement's compliance with Islamic law
Authors
Beneficiary
Business Day
Commencement Date
Deed
Effective Date
Encumbrance
Event of Default
Governing Law
Income
Islamic Law
Land Title
Ministry
Notary Public
Property
Property Rights
Registrar
Registration
Settlor
Shariah
Shariah Advisor
Succession
Trust
Trust Assets
Trust Period
Trust Property
Trustee
Trustee Powers
Waqf
Zakat
Beneficial Interest
Distribution Date
Termination Date
Permitted Use
Property Description
Property Title Deed
Register of Beneficiaries
Saudi Arabian Law
Trust Administration
Trust Documents
Trust Income
Trust Obligations
Trust Powers
Trust Purposes
Valuation Date
Valuation Report
Property Transfer
Shariah Compliance
Trust Powers
Trustee Appointment
Trustee Duties
Trustee Remuneration
Beneficiary Rights
Property Management
Income Distribution
Investment Powers
Delegation
Liability and Indemnification
Confidentiality
Record Keeping
Reporting Requirements
Registration
Amendment
Termination
Succession
Force Majeure
Governing Law
Dispute Resolution
Notices
Severability
Entire Agreement
Assignment
Third Party Rights
Costs and Expenses
Tax Compliance
Anti-Money Laundering
Property Insurance
Property Maintenance
Zakat Obligations
Foreign Ownership
Property Valuation
Trust Duration
Replacement of Trustee
Regulatory Compliance
Real Estate
Islamic Finance
Property Development
Banking
Investment Management
Family Business
Hospitality
Retail
Commercial Property
Residential Property
Legal
Real Estate
Compliance
Islamic Finance
Property Management
Trust Administration
Asset Management
Wealth Management
Corporate Services
Risk Management
Legal Counsel
Property Manager
Trust Administrator
Real Estate Director
Shariah Compliance Officer
Investment Manager
Wealth Manager
Corporate Trustee
Property Rights Registrar
Real Estate Investment Officer
Family Office Manager
Asset Manager
Property Portfolio Manager
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