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The Real Estate Sales Agreement is a fundamental legal document used in Saudi Arabian property transactions to formalize the transfer of real estate ownership between parties. It serves as the primary contract document in both residential and commercial property sales, ensuring compliance with Saudi law and Shariah principles. This agreement is essential when any real property is being transferred in Saudi Arabia, whether between individuals, corporate entities, or a combination thereof. The document must address specific requirements of Saudi real estate law, including property registration procedures, ownership verification, and compliance with local regulations. It becomes particularly critical when dealing with foreign ownership, off-plan sales, or commercial property transfers, as these require additional regulatory compliance measures. The agreement typically includes comprehensive details about the property, payment terms, conditions precedent to completion, and post-completion obligations, all structured to ensure enforceability under Saudi jurisdiction.

1. Parties: Identification of seller and buyer with full legal names, addresses, and registration details if companies

2. Background: Context of the sale, confirmation of ownership, and intention to transfer

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price

4. Property Details: Comprehensive description of the property including title deed number, location, boundaries, and total area

5. Purchase Price and Payment Terms: Agreed price, payment schedule, and method of payment in compliance with Shariah principles

6. Conditions Precedent: Conditions that must be satisfied before completion, including regulatory approvals

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

8. Buyer's Warranties and Representations: Confirmations regarding capacity to purchase and compliance with relevant laws

9. Completion: Process for transfer of ownership, documentation, and registration requirements

10. Post-Completion Obligations: Requirements after transfer including registration, utility transfers, and handover

11. Default and Termination: Consequences of breach and termination rights

12. Notices: Method and addresses for formal communications

13. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction of Saudi courts

14. Execution: Signature blocks and attestation requirements