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The Installment Land Sale Contract is essential for transactions in Saudi Arabia where buyers seek to purchase land through periodic payments rather than a single lump sum. This document type is commonly used in both commercial and residential property transactions, providing a structured framework that complies with Saudi Arabian real estate laws and Sharia principles. It details crucial elements including property specifications, payment schedules, ownership transfer conditions, and parties' rights and obligations. The contract is particularly relevant in the current Saudi real estate market, where installment-based purchases have become increasingly common as part of the Kingdom's efforts to increase property ownership. It includes specific provisions required by Saudi law for real estate transactions, including property registration requirements and compliance with Ministry of Justice regulations.

1. Parties: Identification of the seller and buyer with complete legal names, addresses, and official identification numbers

2. Background: Context of the transaction, including brief property history and purpose of the sale

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Property Description: Detailed description of the land including location, dimensions, deed number, and official registration details

5. Purchase Price and Payment Terms: Total purchase price, down payment, installment amounts, payment schedule, and payment methods

6. Transfer of Title: Conditions and process for transferring property ownership upon completion of payments

7. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, absence of encumbrances, and legal authority to sell

8. Buyer's Obligations: Buyer's commitments including payment obligations and property maintenance responsibilities

9. Default and Remedies: Consequences of payment default and available legal remedies for both parties

10. Property Possession and Risk: Terms regarding property possession, usage rights during the installment period, and risk allocation

11. Taxes and Fees: Allocation of responsibility for property taxes, registration fees, and other related costs

12. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction for dispute resolution

13. Notices: Process and requirements for formal communications between parties

14. Entire Agreement: Statement confirming the contract as the complete agreement between parties