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The Home Purchase Agreement is a fundamental legal document used in Saudi Arabian real estate transactions for the purchase and sale of residential properties. It is essential for documenting the terms and conditions of property transfers in compliance with Saudi law and Sharia principles. This agreement is typically used when individuals or entities are purchasing residential properties, whether they are existing homes, off-plan properties, or newly constructed residences. The document must adhere to the Real Estate Registration Law, Ministry of Housing regulations, and Anti-Money Laundering requirements. It includes crucial details such as property specifications, purchase price, payment terms, completion requirements, and warranties, while ensuring all necessary steps for legal property registration and transfer are properly documented. The agreement serves as the primary evidence of the transaction and protects the rights of all parties involved.

1. Parties: Identification of buyer and seller with full legal names, national ID numbers, and contact details as required by Saudi law

2. Background: Context of the sale, including brief property description and intention to enter into sale agreement

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

4. Property Description: Detailed legal description of the property, including title deed number, plot details, and location specifications

5. Purchase Price: Total purchase price, payment terms, and method of payment in compliance with Sharia law

6. Payment Terms: Schedule of payments, including deposit and completion payment details

7. Completion: Process and requirements for completing the sale, including registration requirements

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

9. Property Condition: Current condition of the property and any agreed repairs or modifications

10. Title and Registration: Process for title transfer and registration with relevant authorities

11. Risk and Insurance: Transfer of risk and insurance responsibilities

12. Notices: Process for formal communications between parties

13. Governing Law: Confirmation of Saudi law and Sharia principles as governing law

14. Dispute Resolution: Process for resolving disputes under Saudi law