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Real Estate Sales Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Real Estate Sales Contract

"I need a Real Estate Sales Contract for selling my commercial warehouse in Riyadh Industrial City to a local Saudi company, with completion scheduled for March 2025 and payment to be made in two installments."

Document background
The Real Estate Sales Contract is a fundamental legal document used in Saudi Arabia for property transactions between buyers and sellers. It serves as the primary instrument for documenting the terms and conditions of real estate sales, ensuring compliance with both Saudi law and Shariah principles. This document is essential for any property transfer in Saudi Arabia, whether residential, commercial, or industrial. The contract must address specific local requirements including property registration with relevant authorities, compliance with foreign ownership restrictions where applicable, and adherence to Saudi Real Estate Law (2020). It typically includes comprehensive property details, payment terms, warranties, and completion procedures. The document is designed to protect both parties' interests while ensuring the transaction meets all regulatory requirements for valid property transfer in Saudi Arabia.
Suggested Sections

1. Parties: Identification of seller and purchaser with full legal names and details as per official documents

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

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Purchase Price and Payment Terms: Agreed purchase price, payment schedule, and method of payment

6. Completion and Transfer of Ownership: Process and requirements for completing the sale and transferring ownership

7. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and legal status

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

9. Registration and Documentation: Requirements for official registration and documentation of the sale

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

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution process

12. Notices: Process for formal communications between parties

13. Execution: Signature requirements and execution process

Optional Sections

1. Foreign Ownership Compliance: Required when purchaser is non-Saudi, detailing compliance with foreign ownership regulations

2. Financing Arrangements: Included when purchase involves bank financing or installment payments

3. Property Management Transition: Required for properties with existing tenants or management arrangements

4. Due Diligence Conditions: Included when sale is subject to due diligence investigations

5. Development Obligations: Required for undeveloped land with development requirements

6. Shariah Compliance Declaration: Specific declaration of compliance with Islamic principles when required by parties

7. Broker Arrangements: Included when real estate brokers are involved in the transaction

Suggested Schedules

1. Property Description Schedule: 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 dates if applicable

4. Property Inspection Report: Report detailing current condition and any defects

5. Inventory Schedule: List of any fixtures, fittings or furniture included in the sale

6. Required Permits: Copies of relevant permits and certificates

7. Outstanding Liabilities: Details of any existing liabilities or obligations attached to the property

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


















































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Relevant Industries

Real Estate

Construction

Banking and Finance

Legal Services

Property Development

Investment and Asset Management

Hospitality

Retail

Industrial

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Finance

Business Development

Risk Management

Property Management

Investment

Operations

Corporate Affairs

Relevant Roles

Real Estate Manager

Legal Counsel

Property Developer

Investment Manager

Compliance Officer

Real Estate Broker

Property Manager

Contract Manager

Business Development Manager

Finance Director

Chief Executive Officer

Real Estate Attorney

Property Acquisition Manager

Asset Manager

Risk 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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