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Deed Of Ownership
"I need a Deed of Ownership for transferring a commercial property in Riyadh's business district to a Saudi-registered corporation, with completion scheduled for March 15, 2025, including provisions for existing tenant agreements."
1. Parties: Identification of the transferor (current owner) and transferee (new owner) with full legal names, identification numbers, and addresses as per Saudi requirements
2. Background: Brief history of the property ownership and context for the transfer
3. Definitions: Key terms used in the deed, including property-specific terminology and legal concepts
4. Property Details: Comprehensive description of the property including location, boundaries, dimensions, and title deed number
5. Consideration: Details of the purchase price or other consideration for the transfer of ownership
6. Declaration of Ownership: Formal statement transferring ownership rights from transferor to transferee
7. Warranties and Representations: Confirmations regarding property title, absence of encumbrances, and compliance with Shariah principles
8. Registration Requirements: Specifics about property registration process and requirements
9. Governing Law: Confirmation of Saudi law and Shariah principles as governing law
10. Execution: Formal execution block including witnesses and notarization requirements
1. Multiple Ownership Provisions: Required when property is being transferred to multiple owners, detailing ownership shares and rights
2. Special Conditions: Any specific conditions or restrictions attached to the property ownership
3. Mortgage Details: Required if the property has any existing mortgage or financing arrangements
4. Power of Attorney: Required if any party is acting through an authorized representative
5. Foreign Ownership Provisions: Required when the transferee is a non-Saudi national or entity
6. Municipality Approvals: Required for properties requiring specific municipal permissions or approvals
7. Inheritance Provisions: Required when the transfer is part of an inheritance distribution
1. Property Description Schedule: Detailed technical description of the property including exact measurements and boundaries
2. Title Documents: Copies of original title deed and previous ownership documents
3. Property Plans: Official surveyor's plans and property drawings
4. Identification Documents: Copies of parties' identification documents and commercial registrations if applicable
5. Municipality Certificates: Relevant municipal certificates and zoning documentation
6. Payment Documentation: Evidence of payment and financial transactions
7. Photographs: Recent photographs of the property and its boundaries
Authors
Real Estate
Banking & Finance
Construction & Development
Legal Services
Government & Public Sector
Islamic Finance
Property Management
Residential Property
Commercial Property
Industrial Property
Hospitality & Tourism
Retail
Legal
Real Estate
Property Management
Compliance
Risk Management
Documentation
Asset Management
Operations
Investment
Property Development
Facilities Management
Real Estate Manager
Property Lawyer
Legal Counsel
Property Rights Specialist
Compliance Officer
Real Estate Director
Land Registration Officer
Property Documentation Specialist
Real Estate Transaction Manager
Title Insurance Specialist
Property Acquisition Manager
Real Estate Investment Manager
Asset Manager
Property Portfolio Manager
Real Estate Operations Director
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