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Private Home Sale Agreement
"I need a Private Home Sale Agreement for a luxury villa in Riyadh, with a phased payment structure over three installments and specific conditions about including all existing smart home systems and security equipment in the sale."
1. Parties: Identification of the seller and buyer with full legal names, national ID numbers, and contact details
2. Background: Context of the sale and brief description of the property being transferred
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Property Details: Comprehensive description of the property including title deed number, location, dimensions, and registration details
5. Purchase Price: Agreed purchase price and payment terms including deposit arrangements
6. Transfer of Ownership: Process and conditions for transferring property ownership through official channels
7. Seller's Warranties: Seller's representations regarding property ownership, condition, and legal status
8. Buyer's Warranties: Buyer's representations regarding financial capacity and compliance with purchase terms
9. Completion Requirements: Steps required to complete the sale including documentation and registration requirements
10. Property Handover: Terms and conditions for physical possession transfer
11. Costs and Taxes: Allocation of transaction costs, fees, and applicable taxes
12. Sharia Compliance: Declaration of compliance with Islamic law principles
13. Governing Law: Confirmation of Saudi Arabian law application and jurisdiction
14. Execution: Signature requirements and execution formalities
1. Mortgage Arrangements: Details of any mortgage or financing arrangements, used when buyer is obtaining financing
2. Property Inspection: Results of property inspection and handling of any identified defects, included when inspection has been conducted
3. Broker Details: Information about real estate brokers involved and their commissions, included when brokers are involved
4. Conditions Precedent: Specific conditions that must be met before completion, used for complex transactions
5. Post-Completion Obligations: Ongoing responsibilities after sale completion, included when relevant
6. Utility Transfers: Arrangements for transferring utility accounts and deposits, included when utilities are registered
7. Furniture and Fixtures: List of items included/excluded in sale, used when sale includes movable property
8. Dispute Resolution: Detailed dispute resolution procedures, included for high-value transactions
1. Property Title Deed: Copy of official property ownership documentation
2. Property Floor Plans: Detailed plans showing property layout and dimensions
3. Property Photographs: Recent photographs documenting property condition
4. Payment Schedule: Detailed breakdown of payment terms and installments
5. Property Inspection Report: Technical inspection findings and condition assessment
6. Utility Account Details: List of utility accounts and current status
7. Included Items Inventory: Detailed list of furniture and fixtures included in sale
8. Required Governmental Approvals: List of necessary permits and approvals
Authors
Real Estate
Residential Property
Legal Services
Financial Services
Property Development
Construction
Property Management
Banking
Insurance
Legal
Real Estate
Property Management
Compliance
Documentation
Risk Management
Customer Relations
Property Services
Contract Administration
Property Registration
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Real Estate Broker
Conveyancing Officer
Property Evaluator
Mortgage Officer
Legal Document Specialist
Real Estate Transaction Manager
Property Registration Officer
Compliance Officer
Real Estate Investment Advisor
Property Documentation Specialist
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