Quick Sale Deed Template for Saudi Arabia

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Key Requirements PROMPT example:

Quick Sale Deed

"I need a Quick Sale Deed for the transfer of a commercial warehouse property in Riyadh Industrial City, where the buyer is a foreign corporation requiring special permits, with completion scheduled for March 2025."

Document background
The Quick Sale Deed is a fundamental legal instrument used in Saudi Arabian property transactions for efficient transfer of real estate ownership. This document type is particularly useful when parties seek to complete property transfers in an expedited manner while ensuring full compliance with Saudi law and Sharia principles. The Quick Sale Deed must contain specific elements required by Saudi authorities, including detailed property descriptions, clear identification of parties, and proper authentication procedures. It serves as the primary evidence of property transfer and must be registered with relevant government authorities. The document is designed to protect both buyers' and sellers' interests while facilitating smooth property transactions in the Saudi Arabian market.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete legal names, national ID numbers/Iqama numbers, and contact details

2. Property Details: Comprehensive description of the property including its location, boundaries, size, and deed number

3. Consideration: Statement of the agreed purchase price and payment terms

4. Transfer Declaration: Clear statement of transfer of ownership from seller to buyer

5. Seller's Warranties: Declarations regarding property ownership, absence of encumbrances, and legal authority to sell

6. Property Handover: Terms and timing of physical possession transfer

7. Registration: Commitment to complete official registration with relevant authorities

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

9. Execution: Signature blocks for parties and witnesses as required by Saudi law

Optional Sections

1. Foreign Ownership Declaration: Required when buyer is a non-Saudi national, confirming compliance with foreign ownership regulations

2. Power of Attorney: Needed when either party is represented by an agent

3. Mortgage Release: Required when property has existing mortgage that needs to be discharged

4. Municipal Approvals: When property transfer requires specific municipal clearances

5. Special Conditions: Any unique terms or conditions specific to the transaction

Suggested Schedules

1. Property Title Documents: Copies of original deed and property ownership history

2. Property Plans: Official surveyor's plans and property boundaries

3. Identity Documents: Copies of parties' ID cards or relevant corporate documents

4. Payment Receipts: Evidence of purchase price payment and any deposits

5. Municipal Certificates: Relevant clearances and certificates from municipal authorities

6. Property Photographs: Recent photographs of the property and its boundaries

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

Relevant legal definitions
Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Investment

Municipal Services

Islamic Finance

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Services

Documentation

Investment

Risk Management

Operations

Administrative Support

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Compliance Officer

Property Developer

Real Estate Agent

Title Officer

Conveyancing Manager

Property Investment Manager

Contract Administrator

Legal Document Specialist

Real Estate Transaction Coordinator

Property Rights Specialist

Notary Public

Municipal Officer

Industries
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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