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1. Parties: Identification of the Seller and Buyer, including their full legal names, national ID numbers or commercial registration numbers, and contact details as required by Saudi law
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement, including specific Saudi legal and real estate terminology
4. Property Description: Detailed description of the property including title deed number, location, boundaries, and size as per official documentation
5. Purchase Price: Agreed purchase price, payment structure, and terms in compliance with Shariah principles
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default
7. Title and Ownership: Confirmation of seller's ownership and guarantee of clear title, free from encumbrances
8. Completion Process: Steps for property transfer at the relevant municipality and registration requirements
9. Seller's Warranties: Warranties regarding property ownership, condition, and compliance with regulations
10. Buyer's Warranties: Warranties regarding capacity to purchase and compliance with foreign ownership laws if applicable
11. Property Handover: Terms and process for physical handover of the property
12. Taxes and Fees: Allocation of responsibility for various taxes, registration fees, and other costs
13. Governing Law: Confirmation of Saudi law and Shariah principles as governing law
14. Dispute Resolution: Process for resolving disputes under Saudi law
15. Notices: Method and addresses for formal communications between parties
16. Execution: Signature requirements and witnessing provisions as per Saudi law
1. Condition Precedents: Used when completion is subject to specific conditions such as mortgage approval or municipal permits
2. Foreign Ownership Compliance: Required when buyer is a foreign individual or entity, detailing compliance with foreign ownership restrictions
3. Property Inspection: When specific inspection requirements or conditions are agreed upon
4. Broker Provisions: Required when real estate brokers are involved in the transaction
5. Installment Payment Structure: Used when payment is to be made in installments, including specific provisions under Saudi installment sales law
6. Off-Plan Provisions: Required for properties sold before completion, including Wafi program compliance
7. Mortgage Arrangements: Used when the purchase involves mortgage financing, ensuring Shariah compliance
8. Joint Ownership Provisions: Required when multiple buyers are involved
9. Power of Attorney: When any party is acting through an authorized representative
10. Property Management: Used for transition period arrangements if required
1. Property Details: Detailed technical description, including plans, drawings, and specifications
2. Title Deed: Copy of the official title deed and translation if required
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Inspection Report: Results of any property inspections or condition surveys
5. Municipality Certificates: Relevant municipal approvals and certificates
6. Broker Details: Information about involved brokers and their licenses
7. Due Diligence Documents: List of reviewed documents and confirmations
8. Handover Checklist: List of items to be checked during physical handover
9. Required Permits: Copies of all relevant permits and approvals
10. Identification Documents: Copies of parties' identification documents and authorizations
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