The Deed of Sale of House and Lot is a crucial legal instrument in Saudi Arabian real estate transactions, used when transferring ownership of residential property from one party to another. This document must comply with both civil law requirements and Shariah principles, which form the foundation of Saudi Arabia's legal system. It is typically required for any residential property sale in Saudi Arabia and must be properly authenticated by a notary public. The deed includes essential elements such as detailed property descriptions, price and payment terms, warranties, and specific requirements for property registration. It serves as the primary document for property registration with the Ministry of Justice and relevant municipalities. The document's format and content must meet strict local requirements, including proper identification of parties, clear property boundaries, and specific declarations regarding the property's legal status and ownership history.
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1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, and identification numbers
2. Background: Brief context of the sale and confirmation that the Seller is the legal owner of the property
3. Definitions: Definitions of key terms used throughout the deed
4. Property Description: Detailed description of the house and lot including exact measurements, boundaries, and title deed number
5. Sale and Purchase: Core agreement of sale, purchase price, and payment terms
6. Seller's Warranties: Warranties regarding ownership, authority to sell, and property condition
7. Completion Requirements: Requirements for completing the sale including documentation and registration
8. Possession and Risk: Terms regarding transfer of possession and risk to the Buyer
9. Registration and Transfer: Process and requirements for property registration transfer
10. Costs and Taxes: Allocation of transfer costs, taxes, and fees between parties
11. Governing Law: Confirmation of Saudi law and Shariah compliance
12. Execution: Formal execution block including witness requirements and official authentication
1. Mortgage Details: Required if the property is being purchased with mortgage financing
2. Foreign Ownership Compliance: Required if the Buyer is a non-Saudi national
3. Tenant Rights: Required if the property is currently leased to tenants
4. Construction Completion: Required for properties under construction or requiring completion works
5. Utilities Transfer: Optional section detailing the transfer of utility connections and accounts
6. Furniture and Fixtures: Optional section if specific furniture or fixtures are included in the sale
7. Defects Disclosure: Optional detailed disclosure of known defects or required repairs
8. Post-Completion Obligations: Optional section for any continuing obligations after completion
1. Property Title Documents: Copies of original title deed and property registration documents
2. Property Plans: Official surveyor's plans and property boundaries
3. Property Photographs: Recent photographs of the property's interior and exterior
4. Inventory: List of included fixtures, fittings, and any furniture if applicable
5. Payment Schedule: Detailed schedule of payment installments if not single payment
6. Municipality Certificates: Relevant municipal approvals and certificates
7. Property Inspection Report: Technical inspection report of the property's condition
8. Utility Accounts: Details of all utility accounts and recent bills
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Property Management
Islamic Finance
Urban Development
Residential Property
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Documentation
Risk Management
Investment
Corporate Services
Operations
Registration
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Real Estate Transaction Manager
Title Officer
Conveyancing Manager
Property Registration Specialist
Islamic Finance Advisor
Real Estate Investment Manager
Municipality Officer
Notary Public
Real Estate Documentation Specialist
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