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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."
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
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
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
Real Estate
Commercial Property
Residential Property
Industrial
Retail
Hospitality
Healthcare
Education
Manufacturing
Logistics
Agricultural
Mixed-Use Development
Legal
Real Estate
Property Management
Facilities Management
Compliance
Risk Management
Corporate Affairs
Asset Management
Development
Investment
Operations
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
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