The Real Estate Sale Agreement Form is a critical legal document used in Saudi Arabia for property transactions between buyers and sellers. It serves as the primary instrument for documenting the terms and conditions of real estate sales, ensuring compliance with both Saudi civil law and Sharia principles. This document is essential when transferring ownership of any real property within Saudi Arabia, whether residential, commercial, or industrial. It includes crucial elements such as property details, price, payment terms, warranties, and transfer procedures, while addressing specific Saudi requirements like property registration, municipality approvals, and where applicable, foreign ownership restrictions. The agreement must be structured to meet local regulatory requirements and is typically executed before a notary public or appropriate government authority.

1. Parties: Detailed identification of the seller and buyer, including their full legal names, national ID/CR numbers, and addresses as required by Saudi law

2. Background: Context of the sale, brief description of the property, and intention of the parties to enter into the agreement

3. Definitions: Key terms used throughout the agreement, including technical and legal terms specific to Saudi real estate transactions

4. Property Description: Comprehensive description of the property including its location, boundaries, size, and deed number as registered with relevant authorities

5. Purchase Price: The agreed purchase price, payment structure, and payment mechanisms in compliance with Sharia principles

6. Payment Terms: Detailed schedule of payments, including deposit, installments if any, and final payment arrangements

7. Completion: Process and requirements for completing the sale, including property registration transfer procedures

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with zoning laws

9. Buyer's Warranties: Warranties regarding capacity to purchase and source of funds compliance

10. Property Handover: Terms and conditions for physical possession transfer and utilities transfer

11. Taxes and Fees: Allocation of responsibility for various taxes, registration fees, and other transaction costs

12. Governing Law: Confirmation of Saudi law application and Sharia compliance

13. Dispute Resolution: Mechanism for resolving disputes under Saudi jurisdiction

14. Notices: Process for formal communications between parties

15. Execution: Signature requirements and execution formalities as per Saudi law