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Conveyance Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Conveyance Agreement

"I need a Conveyance Agreement for the transfer of a commercial warehouse property in Riyadh Industrial City from my Saudi company to a multinational corporation, with completion scheduled for March 2025, including specific provisions for environmental compliance and existing tenant arrangements."

Document background
The Conveyance Agreement is a crucial legal instrument used in Saudi Arabia for documenting and executing the transfer of real property ownership. It is essential for any transaction involving the sale or transfer of real estate, whether residential, commercial, or industrial. This document is specifically designed to comply with Saudi Arabian law and Sharia principles, incorporating all necessary elements required by local authorities and religious considerations. The agreement typically comes into play when parties have agreed on the basic terms of a property transfer and need to formalize the transaction. It includes comprehensive details about the property, parties involved, consideration, warranties, and completion requirements, while ensuring compliance with Saudi real estate regulations, municipality requirements, and registration procedures. The document is particularly important given Saudi Arabia's unique legal framework, which combines modern property law with Islamic principles.
Suggested Sections

1. Parties: Identification of the transferor and transferee, including full legal names, addresses, and official identification numbers

2. Background: Context of the transfer, brief description of the property, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property being conveyed, including all relevant title information and registration details

5. Consideration: Details of the purchase price, payment terms, and method of payment

6. Transfer of Ownership: Terms and conditions of the transfer, including the effective date and process of ownership transfer

7. Completion: Details of the completion process, including timing, location, and requirements for transfer

8. Seller's Warranties: Warranties regarding ownership, authority to sell, absence of encumbrances, and compliance with laws

9. Registration and Documentation: Requirements for property registration and necessary documentation under Saudi law

10. Costs and Taxes: Allocation of transfer costs, taxes, and fees between parties

11. Governing Law: Confirmation of Saudi law as governing law and compliance with Sharia principles

12. Dispute Resolution: Procedures for dispute resolution in accordance with Saudi law

Optional Sections

1. Foreign Ownership Compliance: Required when either party is non-Saudi, detailing compliance with foreign ownership restrictions

2. Municipality Approvals: Required when specific municipal permits or approvals are needed for the transfer

3. Condition of Property: Optional section detailing the physical condition of the property if relevant

4. Environmental Matters: Required for industrial or commercial properties, addressing environmental compliance

5. Existing Tenancies: Required if the property is subject to existing lease agreements

6. Development Obligations: Required if the property carries specific development requirements or restrictions

7. Power of Attorney: Required if any party is acting through an attorney or representative

Suggested Schedules

1. Property Details Schedule: Detailed technical description of the property, including boundaries, coordinates, and area

2. Title Documents: Copies of relevant title deeds and registration documents

3. Property Plan: Official plans and drawings of the property

4. Encumbrances Schedule: List of any existing encumbrances, easements, or rights affecting the property

5. Payment Schedule: If payment is in installments, detailed schedule of payment dates and amounts

6. Municipality Certificates: Copies of relevant municipality certificates and permits

7. Due Diligence Documents: List and copies of all due diligence documents provided

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions












































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Relevant Industries

Real Estate

Commercial Property

Residential Property

Industrial

Retail

Hospitality

Healthcare

Education

Manufacturing

Logistics

Agricultural

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Compliance

Risk Management

Corporate Affairs

Asset Management

Development

Investment

Operations

Relevant Roles

Real Estate Manager

Property Director

Legal Counsel

Corporate Lawyer

Real Estate Developer

Property Investment Manager

Facilities Manager

Asset Manager

Real Estate Agent

Property Administrator

Compliance Officer

Risk Manager

Chief Legal Officer

Real Estate Transaction Manager

Development Director

Industries







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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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