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Deed Of Sale Of Land
"I need a Deed of Sale of Land for transferring a 5,000 square meter industrial plot in Riyadh Industrial City from my company to a foreign manufacturing corporation, with completion scheduled for March 2025, including specific provisions for foreign ownership compliance and industrial zoning requirements."
1. Parties: Full identification of the seller and buyer, including their legal capacity and contact details as per Saudi requirements
2. Background: Context of the sale and confirmation that the property is owned free and clear by the seller
3. Definitions: Key terms used in the deed, including property-specific terminology and legal references
4. Property Description: Detailed legal description of the land, including boundaries, dimensions, and deed number as registered with authorities
5. Sale and Purchase: Core terms of the sale including price, payment terms, and transfer of ownership in accordance with Sharia principles
6. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and compliance with Sharia principles
7. Completion Requirements: Steps required for transfer of ownership and registration with relevant authorities
8. Property Handover: Terms and conditions for physical possession of the property
9. Tax and Fees: Allocation of responsibility for registration fees, taxes, and other transaction costs
10. Governing Law: Confirmation of Saudi law and Sharia principles as governing law
11. Execution: Formal execution requirements including witness statements and notarization requirements
1. Foreign Ownership Compliance: Required when buyer is non-Saudi, detailing compliance with foreign ownership restrictions
2. Mortgage Details: Required when property has existing mortgage that needs to be discharged
3. Development Obligations: Required when the land has specific development requirements or restrictions
4. Environmental Conditions: Required when there are environmental considerations or restrictions on the land
5. Municipal Approvals: Required when specific municipal permits or approvals are needed for intended use
6. Power of Attorney: Required when either party is acting through an authorized representative
7. Arbitration: Optional dispute resolution mechanism if parties wish to specify arbitration process
1. Property Title Deed: Copy of original title deed and registration details
2. Property Plan: Official surveyor's plan showing boundaries and dimensions
3. Payment Schedule: If payment is to be made in installments, detailed payment timeline
4. Property Photographs: Recent photographs of the land and any existing structures
5. Municipal Certificates: Relevant municipal certificates and zoning information
6. Due Diligence Documents: Results of title search and other due diligence findings
7. Required Permits: Copies of all relevant permits and approvals
Authors
Real Estate
Construction
Banking & Finance
Agriculture
Industrial
Retail
Hospitality
Healthcare
Education
Energy
Infrastructure Development
Commercial Property
Legal
Real Estate
Compliance
Finance
Investment
Property Management
Business Development
Risk Management
Corporate Affairs
Facilities Management
Real Estate Manager
Property Developer
Legal Counsel
Compliance Officer
Chief Financial Officer
Investment Manager
Property Manager
Land Acquisition Manager
Development Director
Corporate Lawyer
Real Estate Broker
Facilities Manager
Project Manager
Risk Manager
General Counsel
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