Document background
The Land Agreement Between Buyer And Seller is a fundamental legal instrument used in Saudi Arabia for documenting and executing the transfer of land ownership. This document is essential for any real estate transaction involving land in Saudi Arabia, whether for commercial, residential, or industrial purposes. It must comply with various regulatory requirements, including Sharia law principles, the Real Estate Registration Law, and municipal regulations. The agreement is typically used when parties have agreed on basic terms and need to formalize the transaction in a legally binding document. It includes crucial details such as property description, price, payment terms, warranties, and completion requirements. The document serves as the primary reference for the rights and obligations of both parties and forms the basis for the official registration of the property transfer with relevant Saudi authorities.
