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Unilateral Deed Of Absolute Sale

Unilateral Deed Of Absolute Sale Template for Saudi Arabia

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Key Requirements PROMPT example:

Unilateral Deed Of Absolute Sale

"I need a Unilateral Deed of Absolute Sale for transferring ownership of a commercial warehouse property in Riyadh Industrial City, with completion planned for March 2025, ensuring compliance with both industrial zone regulations and environmental requirements."

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Document background
The Unilateral Deed Of Absolute Sale is a crucial document in Saudi Arabian property transactions, used when transferring full ownership rights from one party to another. This document type is specifically designed to meet the requirements of Saudi Arabian property law and Sharia principles, making it essential for both domestic and international property transactions within the Kingdom. It includes comprehensive property descriptions, ownership declarations, and necessary warranties, while incorporating specific local legal requirements such as witness attestations and notarization. The deed is particularly important as it provides definitive evidence of ownership transfer and must be registered with relevant authorities. It's commonly used in various property transactions, from residential to commercial, and must strictly comply with both civil law requirements and Islamic principles of sale.
Suggested Sections

1. Title and Date: Formal title of the deed and date of execution

2. Parties: Details of the Seller (Grantor) making the unilateral declaration of sale

3. Background: Context of the sale and brief history of property ownership

4. Definitions: Key terms used throughout the deed

5. Property Description: Detailed description of the property including location, boundaries, and registration details

6. Ownership Declaration: Seller's declaration of full ownership and right to sell

7. Consideration: Statement of the full purchase price and confirmation of receipt

8. Transfer of Title: Express declaration transferring all rights and title to the buyer

9. Seller's Warranties: Warranties regarding property title, absence of encumbrances, and legal compliance

10. Tax Declarations: Statements regarding tax obligations and payments

11. Governing Law: Confirmation of Saudi law and Sharia compliance

12. Execution: Formal execution clause and signature block

Optional Sections

1. Property History: Detailed history of property ownership and transfers, used when the property has a complex ownership history

2. Environmental Declarations: Statements regarding environmental condition, used for industrial or commercial properties

3. Development Permits: Information about existing development permits, used for properties with ongoing or planned development

4. Tenant Rights: Details of existing tenancies, used when property is subject to lease agreements

5. Foreign Ownership Compliance: Additional declarations for non-Saudi buyers, used when buyer is a foreign national or entity

Suggested Schedules

1. Property Title Deed: Copy of the original title deed and registration documents

2. Property Plans: Official plans and surveys of the property

3. Property Photographs: Recent photographs documenting the current state of the property

4. Tax Clearance Certificates: Documents proving payment of all relevant taxes and fees

5. Municipal Approvals: Copies of relevant municipal permits and approvals

6. Power of Attorney: If applicable, documentation authorizing the seller to act on behalf of the owner

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 Industries

Real Estate

Commercial Property

Residential Property

Industrial Property

Agriculture

Retail

Hospitality

Manufacturing

Warehousing

Office Space

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Affairs

Investment

Operations

Risk Management

Documentation

Asset Management

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Compliance Officer

Property Director

Asset Manager

Real Estate Developer

Property Investment Manager

Corporate Lawyer

Notary Public

Real Estate Agent

Property Administrator

Legal Director

Transaction Manager

Industries
Basic Law of Governance 1992: Fundamental constitutional document that establishes Sharia as the basis for Saudi law, affecting all contracts and legal transactions
Law of Real Estate Registration: Governs the registration and documentation requirements for real estate transactions and property transfers in Saudi Arabia
Commercial Court Law: Regulates commercial transactions and provides framework for sale contracts and business dealings
Sharia Principles on Sales (Bay'): Islamic legal principles governing sales transactions, including requirements for valid sales contracts and transfer of ownership
Ministry of Justice Regulations on Property Documentation: Specific requirements for documenting and notarizing property sales and transfers
Anti-Money Laundering Law: Regulations regarding financial transactions and necessary documentation for large purchases to prevent money laundering
Real Estate Ownership Law for Non-Saudis: Regulations governing property ownership and transfers involving non-Saudi nationals
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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