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1. Parties: Identification of the seller and purchaser with full legal names, addresses, and official identification numbers as required by Saudi law
2. Background: Context of the transaction, including brief description of the property and parties' intention to enter into an installment sale arrangement
3. Definitions: Key terms used throughout the agreement, including technical and legal terminology specific to Saudi real estate transactions
4. Property Description: Detailed legal description of the property, including title deed number, location, boundaries, and total area as per official documentation
5. Purchase Price and Payment Terms: Total purchase price, down payment, number of installments, payment amounts, and payment schedule in compliance with Sharia principles
6. Transfer of Title: Conditions and process for transferring property title, including registration requirements with relevant Saudi authorities
7. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, absence of encumbrances, and compliance with Saudi regulations
8. Purchaser's Representations and Warranties: Purchaser's confirmations regarding financial capacity and compliance with payment obligations
9. Property Possession and Risk: Terms regarding property handover, possession, and allocation of risk during the installment period
10. Default and Remedies: Consequences of payment default and available remedies under Saudi law and Sharia principles
11. Property Maintenance and Insurance: Responsibilities for property maintenance and insurance requirements during the installment period
12. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction of Saudi courts
13. Notices: Process and requirements for formal communications between parties
14. Execution: Signature requirements and execution formalities as per Saudi law
1. Early Payment Provisions: Terms allowing early repayment of installments, applicable when parties agree to allow early payment options
2. Property Development Conditions: Specific conditions regarding property development or modifications, needed for undeveloped or partially developed properties
3. Third-Party Rights: Provisions regarding rights of third parties, necessary when there are existing tenants or other rights holders
4. Registration Costs: Allocation of registration and transfer costs, optional when parties want to explicitly address these costs
5. Force Majeure: Provisions for unforeseen circumstances affecting contract performance, recommended for longer-term installment arrangements
6. Property Management: Terms for property management during the installment period, relevant for commercial properties or complex residential developments
1. Property Details Schedule: Detailed technical specifications, floor plans, and property boundaries
2. Payment Schedule: Detailed breakdown of installment amounts and due dates
3. Title Deed Documents: Copies of current title deed and related property documentation
4. Property Condition Report: Detailed assessment of property condition at time of contract
5. Required Permits: Copies of relevant permits and approvals from Saudi authorities
6. Property Handover Protocol: Detailed procedure and checklist for property handover
7. Insurance Requirements: Specific insurance requirements and coverage details
Real Estate
Construction
Banking & Finance
Property Development
Property Management
Real Estate Investment
Retail
Hospitality
Industrial
Commercial Property
Residential Property
Legal
Real Estate
Finance
Compliance
Risk Management
Property Management
Sales
Business Development
Investment
Operations
Real Estate Manager
Property Development Manager
Legal Counsel
Contracts Manager
Finance Manager
Real Estate Investment Manager
Property Sales Manager
Compliance Officer
Risk Manager
Real Estate Broker
Property Lawyer
Islamic Finance Specialist
Chief Financial Officer
Real Estate Portfolio Manager
Asset Manager
Property Acquisition Manager
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