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The Home Selling Contract is a fundamental legal instrument used in Saudi Arabian real estate transactions to formalize the sale and transfer of residential property between parties. This document is essential when transferring ownership of any residential property within Saudi Arabia, whether it involves individual homeowners, property developers, or corporate entities. The contract must comply with both civil law requirements and Sharia principles, incorporating recent reforms in Saudi real estate regulations and foreign ownership laws. It includes comprehensive details about the property, payment terms, transfer procedures, and obligations of all parties involved, while ensuring alignment with local municipality regulations and property registration requirements. This document is particularly important given Saudi Arabia's evolving real estate market and the increasing sophistication of property transactions in the Kingdom.

1. Parties: Identification of the seller and buyer with complete legal names, national ID numbers, and contact information

2. Background: Context of the sale and brief description of the property being sold

3. Definitions: Key terms used throughout the contract defined for clarity and legal certainty

4. Property Details: Comprehensive description of the property including title deed number, location, size, and boundaries

5. Purchase Price: Agreed sale price, payment terms, and method of payment in compliance with Sharia principles

6. Payment Schedule: Detailed breakdown of payment installments, dates, and methods

7. Title and Ownership Transfer: Process and conditions for transferring property ownership

8. Seller's Representations and Warranties: Seller's declarations regarding property condition, ownership, and encumbrances

9. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and compliance with ownership laws

10. Closing Requirements: Conditions and documents required for completing the sale

11. Property Handover: Terms and process for physical possession transfer

12. Taxes and Fees: Allocation of transaction costs, taxes, and registration fees

13. Default and Remedies: Consequences and solutions for breach of contract

14. Governing Law: Confirmation of Saudi law and Sharia principles as governing law

15. Dispute Resolution: Process for resolving disputes through Saudi courts or authorized bodies