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Land Sale Contract

Land Sale Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Land Sale Contract

"I need a Land Sale Contract for selling a 500 square meter residential plot in Riyadh to a local Saudi buyer, with completion scheduled for March 2025 and payment to be made in two installments."

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Document background
The Land Sale Contract is a fundamental legal document used in Saudi Arabia for transferring ownership of land property from one party to another. It is essential for any real estate transaction involving land in Saudi Arabia, whether for residential, commercial, or industrial purposes. The contract must comply with Islamic Sharia Law, which forms the basis of Saudi legal system, and incorporate requirements from the Real Estate Registration Law and other relevant regulations. This document is crucial for establishing the terms of sale, including property details, price, payment conditions, and transfer procedures. It should be used whenever there is a transfer of land ownership in Saudi Arabia, and requires proper authentication through authorized channels such as the Notary Public office or relevant government authorities.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, national ID numbers/CR numbers, and contact details as required by Saudi law

2. Background: Context of the sale and confirmation that the seller is the legitimate owner of the property

3. Definitions: Key terms used throughout the agreement, including property definition, completion date, and other technical terms

4. Property Description: Detailed description of the land including its location, dimensions, deed number, and boundaries as per official documentation

5. Purchase Price: The agreed purchase price and payment terms, including deposit and completion payment details

6. Payment Terms: Schedule of payments, method of payment, and any conditions attached to payments

7. Completion Requirements: Steps required for completion, including documentation, registration requirements, and timeline

8. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and compliance with laws

9. Property Handover: Process and conditions for transferring possession of the property

10. Registration and Transfer: Process for legal transfer of title and registration with relevant authorities

11. Costs and Taxes: Allocation of costs, fees, and taxes between parties

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

13. Notices: Process for formal communications between parties

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Conditions Precedent: Used when completion is subject to specific conditions being met, such as regulatory approvals or financing

2. Foreign Ownership Compliance: Required when buyer is non-Saudi, detailing compliance with foreign ownership regulations

3. Development Obligations: Used when the land sale includes requirements for specific development or use

4. Environmental Matters: Required when there are environmental considerations or requirements affecting the land

5. Broker Provisions: Used when real estate brokers are involved in the transaction

6. Dispute Resolution: Optional alternative dispute resolution mechanisms beyond standard court jurisdiction

7. Force Majeure: Used when parties want specific provisions for unforeseen circumstances

8. Mortgage Requirements: Required when the purchase involves mortgage financing

Suggested Schedules

1. Property Plan: Official survey plan and maps of the property

2. Title Documents: Copies of existing title deed and ownership documentation

3. Payment Schedule: Detailed breakdown of payment installments and dates

4. Property Permissions: Copies of relevant permits, zoning approvals, and land use certificates

5. Due Diligence Reports: Technical, legal, and environmental reports if applicable

6. Property Photographs: Current photographs documenting the property condition

7. Municipality Certificates: Relevant certificates from municipal authorities regarding the property

8. Power of Attorney: If applicable, documentation authorizing representatives to act for either party

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































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Relevant Industries

Real Estate

Construction

Property Development

Agriculture

Industrial Development

Commercial Property

Residential Property

Infrastructure Development

Tourism

Retail

Manufacturing

Logistics

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Business Development

Facilities Management

Project Management

Investment

Operations

Risk Management

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Compliance Officer

Land Acquisition Manager

Property Investment Manager

Real Estate Broker

Business Development Manager

Facilities Manager

Construction Manager

Project Director

Corporate Lawyer

Chief Legal Officer

Chief Financial Officer

Real Estate Investment Analyst

Property Portfolio Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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