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1. Parties: Detailed identification of buyer and seller, including full legal names, national ID numbers, and contact information as required by Saudi law
2. Background: Context of the transaction and confirmation of the seller's legal ownership and authority to sell
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and regulatory references
4. Property Description: Detailed description of the property including location, boundaries, size, and title deed number
5. Purchase Price and Payment Terms: Purchase price, payment schedule, and method of payment in compliance with Sharia principles
6. Property Transfer: Process and timing for transferring ownership through the official registration system
7. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with regulations
8. Buyer's Obligations: Responsibilities of the buyer including payment terms and documentation requirements
9. Completion Requirements: Steps required to complete the transaction, including registration procedures
10. Default and Remedies: Consequences of breach by either party and available remedies
11. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant court jurisdiction
12. Notices: Process for formal communications between parties
13. Execution: Signature requirements and execution formalities
1. Condition Precedents: Used when completion is subject to specific conditions such as mortgage approval or government permits
2. Property Inspection: Include when the sale is subject to or follows a property inspection process
3. Existing Tenancies: Required when the property is sold with existing tenants and lease agreements
4. Development Obligations: Necessary for off-plan properties or properties requiring specific development work
5. Mortgage Arrangements: Include when the purchase involves mortgage financing
6. Foreign Ownership Provisions: Required when the buyer is a foreign entity or individual
7. Broker Provisions: Include when real estate brokers are involved in the transaction
8. VAT Provisions: Required when the transaction is subject to VAT
9. Property Management: Include for properties in commercial or residential compounds with management requirements
1. Property Details Schedule: Detailed technical description of the property, including plans and specifications
2. Title Documents: Copies of title deed and other ownership documentation
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Property Inspection Report: Results of property inspection and condition assessment
5. Existing Tenancy Schedule: Details of current lease agreements and tenant information
6. Property Plans: Official property plans and drawings
7. Permits and Licenses: Copies of relevant governmental permits and licenses
8. Service Agreements: Details of ongoing service contracts related to the property
9. Property Rules and Regulations: Applicable community or building regulations
Applicable Laws
Business Day
Buyer
Completion
Completion Date
Consideration
Deed of Transfer
Deposit
Effective Date
Encumbrances
Force Majeure
Government Authority
Land Registration
Municipality
Notary Public
Party/Parties
Payment Schedule
Permits
Property
Property Documents
Property Rights
Purchase Price
Registration Fee
Regulatory Requirements
Related Parties
Relevant Authority
Seller
Sharia Compliant
Title Deed
Transfer Date
Utilities
VAT
Warranties
Zoning Requirements
Defects
Due Diligence
Material Adverse Change
Property Manager
Service Charges
Term
Title Search
Vacant Possession
Sale and Purchase
Purchase Price
Payment Terms
Title Transfer
Registration
Warranties and Representations
Condition of Property
Due Diligence
Seller Obligations
Buyer Obligations
Completion
Default
Termination
Force Majeure
Notices
Assignment
Amendments
Entire Agreement
Severability
Governing Law
Dispute Resolution
Confidentiality
Costs and Expenses
Tax Obligations
Property Inspection
Insurance
Utilities Transfer
Municipal Compliance
Environmental Compliance
Access Rights
Encumbrances
Risk Transfer
Possession
Broker Provisions
Foreign Ownership
Islamic Finance Compliance
Property Management
Indemnification
Further Assurance
Real Estate
Construction
Banking & Finance
Property Development
Residential Property
Commercial Property
Industrial Property
Hospitality
Retail
Mixed-Use Development
Infrastructure
Religious Property
Legal
Real Estate
Compliance
Finance
Property Management
Business Development
Investment
Operations
Risk Management
Corporate Affairs
Facilities Management
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Real Estate Broker
Property Manager
Investment Manager
Facilities Manager
Real Estate Finance Manager
Development Director
Asset Manager
Acquisition Manager
Real Estate Analyst
Chief Legal Officer
Real Estate Partner
Transaction Manager
Due Diligence Specialist
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