The Mortgage Purchase Contract is a crucial document used in Saudi Arabian real estate transactions where property acquisition is combined with Islamic financing. This document is essential when a purchaser requires Shariah-compliant financing to complete a property purchase, whether for commercial or residential purposes. It encompasses both the sale agreement and the mortgage arrangement, ensuring compliance with Saudi Arabian real estate laws, SAMA regulations, and Islamic finance principles. The contract includes detailed provisions for property transfer, financing terms, security arrangements, and registration requirements. It's particularly important that this document adheres to strict Shariah compliance requirements while maintaining enforceability under Saudi law, making it a complex but essential instrument in Saudi Arabian property transactions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all parties including purchaser, seller, and any financial institution involved
2. Background: Context of the transaction and brief description of the property and purpose
3. Definitions: Key terms used throughout the agreement including property, purchase price, mortgage amount, and relevant dates
4. Property Details: Comprehensive description of the property including title details and registration information
5. Purchase Terms: Details of the purchase price, payment structure, and completion requirements
6. Mortgage Terms: Shariah-compliant financing structure, repayment terms, and profit rate
7. Conditions Precedent: Prerequisites for completion including property inspection, title verification, and regulatory approvals
8. Completion Process: Steps for transfer of property ownership and mortgage registration
9. Representations and Warranties: Statements of fact and assurances from all parties
10. Covenants: Ongoing obligations of the parties including property maintenance and insurance
11. Default Provisions: Consequences of default and enforcement procedures
12. Registration and Notices: Requirements for property and mortgage registration with relevant authorities
13. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution procedures
1. Multiple Properties Schedule: Required when the purchase involves more than one property
2. Special Payment Arrangements: Used when there are installment plans or unique payment structures
3. Property Management: Included when specific management arrangements are required post-purchase
4. Additional Security: Required when additional collateral or guarantees are provided
5. Third Party Rights: Included when there are existing tenants or other third-party interests
6. Development Obligations: Required for properties under construction or requiring development
7. Shariah Board Approval: Specific terms required by Shariah supervisory board
8. Tax Provisions: Special tax considerations or arrangements if applicable
1. Property Schedule: Detailed property description, boundaries, and title information
2. Payment Schedule: Detailed breakdown of purchase price and payment installments
3. Mortgage Payment Schedule: Amortization schedule showing profit and principal payments
4. Property Condition Report: Detailed assessment of property condition at purchase
5. Required Permits: List of governmental and regulatory approvals
6. Property Documents: List of title deeds and other property-related documents
7. Form of Transfer: Template documents for property transfer registration
8. Insurance Requirements: Detailed insurance specifications and requirements
Find the exact document you need
Mortgage Subordination Agreement
A Saudi Arabian law-governed agreement establishing priority arrangements between multiple mortgage holders, compliant with Shariah principles.
Download
Land Mortgage Agreement
A Shariah-compliant legal document creating a security interest over real property in Saudi Arabia, establishing rights and obligations between mortgagor and mortgagee under Saudi law.
Download
Real Estate Mortgage Agreement
A Shariah-compliant real estate mortgage agreement under Saudi Arabian law, establishing security interest over property while ensuring compliance with local regulations and Islamic finance principles.
Download
Mortgage Loan Origination Agreement
Saudi Arabian mortgage loan origination agreement establishing terms for Sharia-compliant property financing and loan processing procedures.
Download
Mortgage Loan Extension Agreement
A Saudi Arabian law-governed agreement that extends an existing Shariah-compliant mortgage loan term while maintaining original security arrangements and regulatory compliance.
Download
Mortgage Deferral Agreement
A Shariah-compliant agreement for deferring mortgage payments in Saudi Arabia, modifying existing mortgage terms while maintaining compliance with Saudi banking regulations.
Download
Holding Mortgage Agreement
A Saudi Arabian law-governed agreement establishing a Shariah-compliant mortgage over real property, creating security interests while maintaining compliance with local regulations and Islamic finance principles.
Download
Owner Financing Mortgage Contract
A Sharia-compliant owner financing mortgage agreement under Saudi Arabian law, facilitating property purchase through direct seller financing arrangements.
Download
Mortgage Loan Sale Agreement
A Sharia-compliant agreement for the sale and transfer of mortgage loans between financial institutions in Saudi Arabia, governed by Saudi law and SAMA regulations.
Download
Seller Financed Mortgage Contract
A Saudi Arabian law-governed agreement for seller-financed property purchase, structured to comply with both Saudi regulations and Sharia principles.
Download
Contract Of Real Estate Mortgage
A Sharia-compliant real estate mortgage agreement under Saudi Arabian law, creating security over property to secure financial obligations.
Download
Mortgage Purchase Contract
A Saudi Arabian law-governed agreement combining property purchase terms with Shariah-compliant mortgage financing arrangements.
Download
Mortgage Assignment Agreement
A Shariah-compliant agreement under Saudi Arabian law transferring mortgage rights and obligations from one mortgagee to another, including all associated security interests and registration requirements.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)