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The Deed of Sale 3rd Owner is a specialized legal instrument used in Saudi Arabia when transferring property ownership in situations involving three distinct parties in the ownership chain. This document is particularly relevant when there's a need to document and formalize previous ownership transfers while executing a new sale. It must comply with Saudi Arabian real estate laws and Shariah principles, making it essential for proper property registration and transfer. The deed includes comprehensive details about the property, previous ownership history, warranties from both previous owners, and specific terms of the current sale. It's commonly used in both residential and commercial property transactions where establishing a clear chain of ownership is crucial for legal certainty and compliance with local regulations.

1. Parties: Identification of all three parties: original owner, current owner, and new owner, including their full legal names, addresses, and national ID numbers

2. Background: History of ownership, reason for the three-party transaction, and current status of the property

3. Definitions: Key terms used throughout the deed, including Property, Completion Date, Purchase Price, and other relevant terminology

4. Property Details: Comprehensive description of the property including location, dimensions, deed number, and registration details

5. Sale Agreement: Core terms of the sale including price, payment terms, and transfer commitments from both current and original owner

6. Warranties and Representations: Declarations from both previous owners regarding property ownership, absence of encumbrances, and authority to sell

7. Completion Requirements: Steps required to complete the transfer, including documentation and registration requirements

8. Property Handover: Terms and conditions for physical possession transfer and utilities transfer

9. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant court jurisdiction