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Deed Of Absolute Sale Land
"I need a Deed of Absolute Sale Land for transferring a 2000 square meter commercial plot in Riyadh from our Saudi corporation to a UAE-based company, with completion planned for March 2025, including provisions for obtaining necessary foreign ownership approvals."
1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, ID/Iqama numbers, and capacity to enter into the agreement
2. Background: Brief history of the property ownership and context of the sale
3. Definitions: Key terms used throughout the deed including Property, Purchase Price, Completion Date, and other relevant terms
4. Property Description: Detailed description of the land including exact measurements, boundaries, deed number, plot number, and location details as per official records
5. Consideration: Statement of the full purchase price and payment terms, including confirmation of receipt if paid in full
6. Seller's Representations and Warranties: Declarations regarding ownership, absence of encumbrances, and authority to sell
7. Transfer of Ownership: Express statement transferring all rights, title, and interests in the property to the buyer
8. Possession and Risk: Terms regarding the handover of physical possession and transfer of risk
9. Registration and Transfer Procedures: Process and responsibilities for registering the transfer with relevant authorities
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant court jurisdiction
11. Attestation: Formal declarations and signatures section, including notary attestation
1. Conditions Precedent: Used when there are specific conditions that must be met before completion of the sale
2. Environmental Declarations: Required when the property is in an environmentally sensitive area or has specific environmental considerations
3. Development Restrictions: Included when the property is subject to specific zoning or development regulations
4. Foreign Ownership Declarations: Required when the buyer is a non-Saudi national or entity
5. Municipal Approvals: Needed when specific municipal permits or approvals are required for the transfer
6. Special Conditions: Used when there are unique circumstances or requirements specific to the property or transaction
1. Property Title Deed: Copy of the original title deed and registration documents
2. Property Survey Plan: Official survey plan showing boundaries, dimensions, and coordinates
3. Payment Records: Documentation of purchase price payment and receipts
4. Property Photographs: Recent photographs of the property and its boundaries
5. Municipal Certificates: Relevant certificates from municipal authorities regarding zoning and permitted use
6. Power of Attorney: If applicable, documentation authorizing representatives to act on behalf of parties
Authors
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Agricultural
Industrial
Commercial Property
Retail
Hospitality
Infrastructure Development
Mining and Resources
Legal
Real Estate
Compliance
Property Management
Corporate Services
Facilities Management
Project Development
Land Acquisition
Investment
Documentation
Risk Management
Real Estate Lawyer
Property Manager
Legal Counsel
Compliance Officer
Real Estate Developer
Land Acquisition Manager
Property Investment Manager
Real Estate Broker
Corporate Counsel
Facilities Manager
Project Manager
Development Director
Legal Administrator
Real Estate Officer
Title Examiner
Property Rights Specialist
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