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Flat Sale Deed Template for Saudi Arabia

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Key Requirements PROMPT example:

Flat Sale Deed

"I need a Flat Sale Deed for the purchase of a 3-bedroom apartment in Riyadh's Al Olaya district, with a completion date of March 15, 2025, where the buyer is a Saudi national and the seller is a private developer; the deed must include provisions for a 5-year building warranty."

Document background
The Flat Sale Deed is a crucial legal instrument used in Saudi Arabian real estate transactions to document and effectuate the transfer of ownership of residential flats. This document is essential for any property transaction in Saudi Arabia and must comply with the kingdom's property laws, including the Real Estate Ownership Law and Registration Law, while adhering to Shariah principles. The deed is used when transferring ownership of apartments, studio units, or any other residential units within multi-unit buildings. It includes detailed property descriptions, party information, price and payment terms, and various warranties and undertakings. The document must be executed before a notary public and registered with relevant authorities to be legally valid. Foreign buyers must ensure additional compliance with foreign ownership restrictions and regulations. The Flat Sale Deed serves as the definitive proof of ownership transfer and is a required document for property registration, utility transfers, and future property transactions.
Suggested Sections

1. Parties: Full identification of the seller and buyer including their legal names, national ID numbers, and contact details as per Saudi requirements

2. Background: Brief context of the transaction and confirmation of the seller's legal ownership and authority to sell

3. Definitions: Key terms used throughout the deed, including property-specific terminology and legal concepts

4. Property Details: Comprehensive description of the flat including location, dimensions, deed number, and registration details as per Saudi property registry requirements

5. Sale Price and Payment Terms: Detailed breakdown of the purchase price and payment schedule, compliant with Shariah principles

6. Property Handover: Terms and conditions for the physical handover of the property and transfer of possession

7. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with regulations

8. Buyer's Acknowledgments: Buyer's confirmation of property inspection and acceptance of condition

9. Registration and Transfer: Process and requirements for official property registration transfer at relevant authorities

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

11. Governing Law: Confirmation of Saudi law application and Shariah compliance

12. Execution: Formal execution requirements including witness provisions and notarization requirements

Optional Sections

1. Mortgage Details: Required if the property has an existing mortgage or if the purchase is being financed through a mortgage

2. Foreign Ownership Compliance: Required for non-Saudi buyers, detailing compliance with foreign ownership regulations

3. Property Management: Required for properties within managed compounds or buildings with shared facilities

4. Defect Liability: Required for new properties or recently completed constructions

5. Utility Transfers: Required when specific arrangements for utility transfer need to be documented

6. Furniture and Fixtures: Required if the sale includes specific furniture or fixed installations

7. Development Obligations: Required if the property is part of an ongoing development project

8. Power of Attorney: Required if either party is acting through an authorized representative

Suggested Schedules

1. Property Floor Plan: Detailed architectural plan showing the flat layout and dimensions

2. Title Deed Copy: Copy of the original title deed and property registration documents

3. Payment Schedule: Detailed breakdown of payment installments and due dates

4. Property Photographs: Documentary photographs of the property condition at time of sale

5. Building Permits: Copies of relevant building permits and completion certificates

6. Inventory List: If applicable, detailed list of included furniture and fixtures

7. Service Charge Schedule: Details of any applicable service charges or maintenance fees

8. Property Inspection Report: Technical report on property condition and any identified defects

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








































Clauses






























Relevant Industries

Real Estate

Construction

Banking and Finance

Legal Services

Property Development

Property Management

Insurance

Urban Planning

Investment and Asset Management

Residential Housing

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Documentation

Risk Management

Asset Management

Corporate Services

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Property Developer

Contract Manager

Real Estate Investment Manager

Title Officer

Property Valuation Specialist

Documentation Specialist

Real Estate Transaction Coordinator

Risk Manager

Corporate Housing Manager

Asset Manager

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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