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Home Sale Agreement Private Sale Template for Saudi Arabia

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Key Requirements PROMPT example:

Home Sale Agreement Private Sale

"I need a Home Sale Agreement Private Sale for a 3-bedroom villa in Riyadh, with completion scheduled for March 2025, including provisions for existing tenant transition and partial furniture transfer."

Document background
The Home Sale Agreement Private Sale is a crucial legal document used in Saudi Arabia for transferring residential property ownership between private parties. It serves as the primary contract documenting the terms and conditions of the sale, ensuring compliance with both Saudi civil law and Sharia principles. This agreement is specifically designed for private residential property transactions and includes essential elements such as property details, purchase price, payment terms, warranties, and transfer procedures. It incorporates necessary provisions to meet Saudi Arabian real estate regulations, including requirements for property registration, anti-money laundering compliance, and municipal approvals. The document is structured to protect both buyer and seller interests while ensuring the transaction meets all legal and religious requirements for property transfer in Saudi Arabia.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, national ID numbers, and contact details

2. Background: Context of the sale and brief description of the property being transferred

3. Definitions: Key terms used throughout the agreement defined for clarity and certainty

4. Property Description: Detailed description of the property including address, title deed number, boundaries, and built-up area

5. Purchase Price: Agreed purchase price, payment terms, and method of payment

6. Payment Terms: Schedule of payments, deposit requirements, and final payment arrangements

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

8. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and property condition

9. Buyer's Warranties: Warranties regarding financial capacity and compliance with anti-money laundering requirements

10. Property Handover: Conditions and process for physical handover of the property

11. Registration and Transfer: Process for legal transfer of title and registration with relevant authorities

12. Taxes and Fees: Allocation of responsibility for various taxes, fees, and charges

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

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

Optional Sections

1. Broker Provisions: Include when a real estate broker is involved in the transaction

2. Mortgage Contingency: Include when the purchase is contingent on the buyer obtaining financing

3. Property Inspection: Include when a professional property inspection is part of the agreement

4. Existing Tenancies: Include when the property has existing tenants with ongoing lease agreements

5. Furniture and Fixtures: Include when specific furniture or fixtures are included in the sale

6. Development Obligations: Include for properties in developing areas with ongoing infrastructure work

7. Municipal Approvals: Include when specific municipal permits or approvals are pending

8. Condition Precedents: Include when there are specific conditions that must be met before completion

Suggested Schedules

1. Property Details: Detailed technical description of the property including plans and specifications

2. Title Documents: Copies of title deed and other ownership documents

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

4. Property Inspection Report: Results of property inspection if conducted

5. Inventory List: List of furniture and fixtures included in the sale if applicable

6. Outstanding Utilities: List of utility accounts and outstanding payments

7. Required Permits: Copies of relevant municipal permits and approvals

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

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

Legal Services

Banking & Finance

Property Development

Construction

Property Management

Insurance

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Documentation

Operations

Islamic Finance Advisory

Conveyancing

Risk Management

Client Relations

Relevant Roles

Real Estate Lawyer

Property Lawyer

Legal Counsel

Real Estate Agent

Property Manager

Compliance Officer

Legal Director

Real Estate Transaction Manager

Property Developer

Title Officer

Real Estate Documentation Specialist

Islamic Finance Advisor

Conveyancing Manager

Real Estate Operations 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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