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Agreement To Transfer Title
"I need an Agreement to Transfer Title for a commercial property in Riyadh's business district, with completion scheduled for March 2025, including provisions for existing tenant agreements and municipal approvals."
1. Parties: Identification of the Transferor and Transferee with full legal names, addresses, and official identification numbers
2. Background: Context of the transfer, including current ownership status and reason for transfer
3. Definitions: Key terms used throughout the agreement, including Property, Transfer Date, and Completion
4. Property Details: Comprehensive description of the property including location, dimensions, deed number, and registration details
5. Consideration: Details of the purchase price and payment terms, including confirmation of Sharia-compliant payment method
6. Transfer Obligations: Specific obligations of both parties in executing the transfer, including documentation and registration requirements
7. Warranties and Representations: Declarations regarding property ownership, absence of encumbrances, and compliance with Sharia principles
8. Completion Process: Step-by-step process for completing the transfer, including registration with relevant authorities
9. Costs and Taxes: Allocation of transfer costs, registration fees, and any applicable taxes
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and Sharia compliance
11. Execution: Signature blocks and attestation requirements
1. Conditions Precedent: Used when the transfer is subject to specific conditions being met before completion
2. Property Management Until Completion: Required when there is a gap between agreement signing and transfer completion
3. Broker Provisions: Included when real estate brokers are involved in the transaction
4. Foreign Investment Provisions: Required when one party is a foreign investor, addressing additional regulatory requirements
5. Municipal Approvals: Needed when the property transfer requires specific municipal or zoning approvals
6. Existing Tenancies: Required when the property is subject to existing lease agreements
7. Islamic Finance Provisions: Included when the purchase involves Islamic financing arrangements
1. Property Description Schedule: Detailed technical description of the property, including plans and boundaries
2. Title Documents: Copies of current title deed and registration documents
3. Payment Schedule: Breakdown of payment installments and timing if not a single payment
4. Property Condition Report: Current condition of the property and any identified issues
5. Required Permits: Copies of all relevant permits and approvals
6. Encumbrance Schedule: Details of any existing encumbrances, easements, or rights of way
7. Completion Checklist: List of documents and actions required for completion
Authors
Real Estate
Commercial Property
Residential Property
Investment & Banking
Legal Services
Construction & Development
Infrastructure
Islamic Finance
Property Management
Government & Public Sector
Legal
Real Estate
Compliance
Property Management
Investment
Documentation
Corporate Affairs
Risk Management
Islamic Finance
Operations
Real Estate Lawyer
Property Manager
Legal Counsel
Compliance Officer
Real Estate Broker
Property Developer
Investment Manager
Title Registration Officer
Islamic Finance Advisor
Corporate Lawyer
Municipal Affairs Officer
Real Estate Investment Director
Property Portfolio Manager
Legal Documentation Specialist
Real Estate Transaction Manager
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