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Gift Sale Deed
"I need a Gift Sale Deed for transferring my residential property in Riyadh to my son, with a nominal consideration of 1 SAR, to be completed by March 2025, including specific conditions about maintaining the property's current use as a family residence."
1. Parties: Full identification of the Donor/Seller (Wahib) and Donee/Buyer (Mawhub Lahu), including their legal capacity and contact details
2. Background: Context of the gift sale transaction and relationship between parties
3. Definitions: Key terms used in the deed, including property-related terminology and Islamic law concepts
4. Property Description: Detailed description of the gifted property including location, boundaries, dimensions, and title deed details
5. Declaration of Gift: Clear statement of the donor's intention to gift the property and confirmation that it is made voluntarily without coercion
6. Consideration: Statement of any nominal amount or consideration being paid (if applicable)
7. Transfer of Ownership: Express confirmation of immediate and complete transfer of ownership rights to the donee
8. Possession: Confirmation of physical possession transfer and timing
9. Warranties: Donor's warranties regarding property ownership, absence of encumbrances, and right to transfer
10. Registration: Provisions for property registration and transfer of title in official records
11. Governing Law: Confirmation that the deed is governed by Saudi Law and Sharia principles
12. Execution: Signature requirements and witnessing provisions
1. Conditions: Any specific conditions attached to the gift (use when donor places legitimate conditions on the gift)
2. Third Party Rights: Provisions regarding any existing third party rights or interests (include if applicable)
3. Tax Provisions: Statements regarding tax implications and responsibilities (include for high-value properties)
4. Family Consent: Documentation of family members' consent (required if property is family inheritance or joint ownership)
5. Language: Provisions for dual language if document is in both Arabic and English (include for international parties)
6. Power of Attorney: Details of any power of attorney arrangements (include if representatives are acting for parties)
1. Property Details Schedule: Detailed technical description of the property including plans, measurements, and boundaries
2. Title Documents: Copies of original title deeds and ownership documents
3. Property Photographs: Recent photographs of the property for identification purposes
4. Identity Documents: Copies of parties' identification documents and capacity proof
5. Municipality Certificates: Relevant certificates from local authorities regarding property status
6. Consent Documents: Any required third-party or authority consents
Authors
Real Estate
Legal Services
Banking & Finance
Property Development
Construction
Wealth Management
Islamic Finance
Public Sector
Family Business
Professional Services
Legal
Real Estate
Compliance
Property Management
Wealth Management
Corporate Secretariat
Documentation
Risk Management
Islamic Finance
Client Services
Legal Counsel
Property Lawyer
Real Estate Manager
Wealth Manager
Property Registrar
Notary Public
Islamic Law Advisor
Estate Planner
Property Developer
Compliance Officer
Real Estate Agent
Property Transfer Specialist
Legal Documentation Manager
Corporate Secretary
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