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The Real Estate Purchase Agreement Form is a standardized legal instrument used for property transactions in Saudi Arabia, designed to comply with both civil law requirements and Shariah principles. This document is essential for any real estate purchase transaction within the Kingdom, whether between individual parties, corporate entities, or a combination thereof. It incorporates mandatory provisions required by Saudi real estate laws, including detailed property descriptions, ownership transfer procedures, and payment terms that must align with Islamic finance principles. The agreement is structured to accommodate various types of real estate transactions while ensuring compliance with local regulations, including foreign ownership restrictions where applicable. It serves as a comprehensive framework for documenting property sales, protecting both buyers' and sellers' interests, and facilitating proper registration with relevant Saudi authorities.

1. Parties: Identification of the seller and purchaser with full legal names, addresses, and identification numbers as required by Saudi law

2. Background: Context of the transaction and confirmation that the seller is the legal owner of the property

3. Definitions: Key terms used throughout the agreement, including property-specific terminology and regulatory references

4. Sale and Purchase: Core agreement for the transfer of property ownership and the agreed purchase price

5. Property Description: Detailed description of the property including location, boundaries, and title deed information

6. Purchase Price and Payment Terms: Amount, payment schedule, and method of payment in compliance with Shariah principles

7. Completion Requirements: Conditions and documents required for transfer of ownership and registration

8. Seller's Representations and Warranties: Declarations regarding property ownership, absence of encumbrances, and compliance with regulations

9. Buyer's Representations and Warranties: Declarations regarding legal capacity and compliance with foreign ownership restrictions if applicable

10. Property Handover: Process and timing for physical possession transfer and utilities transfer

11. Registration and Transfer: Procedures for official property registration and title transfer at relevant authorities

12. Taxes and Fees: Allocation of responsibility for government fees, taxes, and registration costs

13. Default and Termination: Consequences of breach and conditions for termination

14. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanism

15. Notices: Method and addresses for official communications between parties

16. Execution: Signature requirements and witnessing provisions as per Saudi law