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Land Purchase Contract

Land Purchase Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Land Purchase Contract

"I need a Land Purchase Contract for acquiring a 5,000 square meter industrial plot in Dammam Industrial City, Saudi Arabia, with completion planned for March 2025; the contract must include specific provisions for future factory development and environmental compliance requirements."

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Document background
The Land Purchase Contract is a critical legal instrument used in Saudi Arabia for documenting and executing the transfer of land ownership between parties. This document is essential for any land acquisition transaction within the Kingdom, whether for commercial, residential, or industrial purposes. It must comply with both Saudi civil law and Sharia principles, incorporating specific requirements for property registration, municipality approvals, and title transfer procedures. The contract typically includes comprehensive details about the property, parties involved, payment terms, and warranties, while ensuring compliance with foreign ownership restrictions where applicable. It serves as the primary document for recording the transaction with the Ministry of Justice and Real Estate General Authority, making it fundamental for securing legal title to land property in Saudi Arabia.
Suggested Sections

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

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

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

4. Property Description: Detailed description of the land including title deed number, plot number, location, dimensions, and boundaries as per official documentation

5. Purchase Price: The agreed price, payment terms, and method of payment in compliance with Sharia principles

6. Title and Registration: Provisions regarding transfer of title, registration requirements, and procedures with the relevant Saudi authorities

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

8. Completion Requirements: Steps required for completion, including documentation and registration with the Ministry of Justice

9. Municipal Compliance: Confirmation of compliance with municipal regulations and zoning requirements

10. Tax Provisions: Provisions regarding applicable taxes and fees, including VAT if applicable

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

12. Execution: Signature requirements and attestation provisions as per Saudi law

Optional Sections

1. Foreign Ownership Provisions: Required when the purchaser is a foreign entity, addressing specific requirements and restrictions

2. Financing Arrangements: Required when the purchase involves Sharia-compliant financing arrangements

3. Development Obligations: Required when the land is subject to development requirements or restrictions

4. Environmental Provisions: Required when the land has environmental considerations or requirements

5. Access Rights: Required when specific access arrangements need to be documented

6. Utilities and Services: Required when specific arrangements regarding utilities connections or services need to be addressed

7. Conditions Precedent: Required when completion is subject to specific conditions being met

8. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard Saudi court jurisdiction

Suggested Schedules

1. Property Documents: Copies of title deed, survey plans, and property certificates

2. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

3. Due Diligence Reports: Technical, legal, and environmental due diligence reports

4. Municipal Approvals: Copies of relevant municipal permits and approvals

5. Property Plans: Detailed plans showing boundaries, dimensions, and any easements

6. Identification Documents: Copies of parties' identification documents and authorization documents

7. Tax Certificates: Relevant tax clearance certificates and documentation

8. Supporting Documents: Any additional documents required for registration or completion

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

alex.den.21@genieai.co
Relevant legal definitions

































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Relevant Industries

Real Estate

Construction

Agriculture

Industrial

Retail

Hospitality

Healthcare

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Manufacturing

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Relevant Teams

Legal

Real Estate

Compliance

Finance

Property Development

Risk Management

Corporate Affairs

Facilities Management

Investment

Operations

Project Management

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Compliance Officer

Investment Manager

Facilities Manager

Project Manager

Chief Executive Officer

Chief Financial Officer

Real Estate Broker

Property Consultant

Risk Manager

Corporate Lawyer

Land Acquisition Specialist

Development Manager

Asset Manager

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