Document background
The Agreement of Sale of Immovable Property is a crucial legal document used in Saudi Arabian real estate transactions to formalize the transfer of property ownership between parties. This agreement is essential when any immovable property (such as land, buildings, or fixed structures) is being sold in Saudi Arabia, whether for residential, commercial, or industrial purposes. The document must comply with both civil law requirements and Shariah principles, which form the foundation of Saudi legal system. It includes detailed provisions for property description, ownership verification, payment terms, and transfer procedures, while ensuring compliance with local municipality regulations and registration requirements. The agreement is particularly important as it serves as the primary document for property registration offices and forms the basis for the official transfer of title deeds in Saudi Arabia.
