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The For Sale By Owner House Contract is a crucial document used in Saudi Arabia when property owners wish to sell their residential property directly to buyers without real estate agent involvement. This document must comply with Saudi Arabian law, including both civil law requirements and Shariah principles, while adhering to regulations set by the Ministry of Justice and local municipalities. The contract includes essential elements such as property specifications, payment terms, transfer procedures, and warranties, ensuring legal protection for both parties. It's particularly relevant in the context of Saudi Arabia's growing private real estate market and recent regulatory changes aimed at streamlining property transactions. The document must be prepared in accordance with the Real Estate Registration Law and recent property transaction regulations, including VAT requirements and documentation standards.

1. Parties: Detailed identification of the seller and buyer, including full legal names, national ID numbers, and contact information as required by Saudi regulations

2. Background: Context of the sale and confirmation of the seller's legal ownership and right to sell the property

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

4. Property Description: Comprehensive details of the property including address, deed number, plot number, and full legal description as per Saudi property registration requirements

5. Purchase Price and Payment Terms: Agreed purchase price, payment schedule, and method of payment in compliance with Shariah principles

6. Property Transfer Process: Steps for transferring ownership through the relevant Saudi authorities, including registration requirements

7. Seller's Representations and Warranties: Declarations regarding property ownership, absence of disputes, and compliance with building regulations

8. Buyer's Obligations: Responsibilities of the buyer including payment terms and document submission requirements

9. Closing Requirements: Documentation and procedures required to complete the sale as per Saudi law

10. Default and Remedies: Consequences of breach by either party and available remedies under Saudi law

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant court jurisdiction