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The Installment Sales Contract For (Real Estate) is a crucial document used in Saudi Arabian property transactions where the purchase price is paid in installments rather than as a lump sum. This arrangement is particularly common in both residential and commercial real estate sectors, offering buyers a Sharia-compliant alternative to conventional mortgages. The contract must comply with Saudi Arabia's Real Estate Registration Law, Finance Companies Control Law, and Islamic finance principles. It typically includes detailed property specifications, payment schedules, transfer of ownership conditions, and default remedies. This document type is essential for property developers, real estate companies, and individual sellers who wish to offer flexible payment terms while ensuring their interests are legally protected under Saudi law.

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

2. Background: Context of the transaction and brief description of the parties' intention to enter into an installment sale agreement

3. Definitions: Definitions of key terms used throughout the agreement, including Property, Installments, Completion Date, etc.

4. Property Description: Detailed description of the real estate property including location, dimensions, deed number, and registration details

5. Purchase Price and Payment Terms: Total purchase price, down payment amount, number of installments, installment amounts, and payment schedule

6. Transfer of Title: Conditions and process for transferring property ownership, including registration requirements and timing

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

8. Buyer's Representations and Warranties: Buyer's confirmations regarding financial capacity and commitment to make payments

9. Property Possession and Risk: Terms regarding property handover, possession, and allocation of risk

10. Default and Remedies: Consequences of payment default, cure periods, and available remedies for both parties

11. Registration and Documentation: Requirements for official registration and documentation of the sale

12. Termination: Circumstances under which the agreement may be terminated and consequences

13. Notices: Method and addresses for serving legal notices between parties

14. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction for disputes

15. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties