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Agreement To Transfer Title Template for Saudi Arabia

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Key Requirements PROMPT example:

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."

Document background
The Agreement to Transfer Title is a crucial legal document used in Saudi Arabian property transactions to formalize and execute the transfer of property ownership between parties. This agreement is essential when any real estate property is being transferred in Saudi Arabia, whether for commercial, residential, or investment purposes. The document must strictly comply with Saudi Arabian property laws, including the Land Registration Law and various Royal Decrees, while adhering to Sharia principles. It contains comprehensive details about the property, parties involved, consideration, and transfer procedures, serving as both a legally binding contract and a basis for official property registration. The agreement is particularly important as it forms the foundation for the subsequent title registration process with Saudi authorities and must include specific provisions required by local regulations and Islamic law.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses

































Relevant Industries

Real Estate

Commercial Property

Residential Property

Investment & Banking

Legal Services

Construction & Development

Infrastructure

Islamic Finance

Property Management

Government & Public Sector

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Investment

Documentation

Corporate Affairs

Risk Management

Islamic Finance

Operations

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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