Ƶ

Real Estate Buyout Agreement Template for Saudi Arabia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Real Estate Buyout Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Real Estate Buyout Agreement

"I need a Real Estate Buyout Agreement for a foreign corporate buyer purchasing an industrial warehouse in Riyadh, with specific attention to environmental warranties and staged payments to be completed by March 2025."

Document background
The Real Estate Buyout Agreement is a crucial document used in Saudi Arabia for property transactions between buyers and sellers. It serves as the primary legal instrument for documenting the transfer of real estate ownership, ensuring compliance with both Saudi civil law and Shariah principles. This agreement is essential when purchasing property outright, whether for commercial, residential, or industrial purposes. It must address specific Saudi regulatory requirements, including property registration procedures, municipality approvals, and foreign ownership restrictions where applicable. The document typically includes detailed property descriptions, purchase price, payment terms, warranties, and completion requirements. It's particularly important in Saudi Arabia due to the unique legal framework that combines modern property law with Islamic legal principles, requiring careful attention to local regulatory compliance and traditional Islamic finance concepts.
Suggested Sections

1. Parties: Identification of the seller and buyer, including full legal names, addresses, and registration details if companies

2. Background: Context of the transaction, including brief property description and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Purchase Price: Specified purchase price, payment terms, and payment schedule

6. Payment Method: Details of how payments will be made, including bank account information and currency

7. Completion: Process and requirements for completing the transaction, including transfer of ownership

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

9. Due Diligence: Buyer's right to conduct property inspection and review documentation

10. Title Transfer: Process and requirements for transferring property title

11. Costs and Taxes: Allocation of transaction costs, fees, and applicable taxes

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

13. Notices: Process for sending and receiving formal notices between parties

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Conditions Precedent: Specific conditions that must be met before completion, used when certain prerequisites are required

2. Financing Arrangements: Details of any financing or installment payments, used when purchase is not entirely in cash

3. Property Management: Interim management arrangements, used when there's a gap between agreement and completion

4. Tenant Provisions: Provisions relating to existing tenants, used when property is currently leased

5. Environmental Matters: Environmental warranties and indemnities, used for industrial or potentially contaminated properties

6. Development Rights: Transfer of development rights or permits, used for properties with pending development approvals

7. Foreign Ownership: Additional provisions for foreign buyers, used when buyer is non-Saudi

8. Dispute Resolution: Detailed dispute resolution procedures, used when parties want specific resolution mechanisms

Suggested Schedules

1. Property Schedule: Detailed property description, including maps, plans, and photographs

2. Title Documents: Copies of title deed and other ownership documents

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

4. Due Diligence Documents: List of documents provided for due diligence

5. Existing Contracts: Details of any existing contracts affecting the property

6. Property Condition Report: Current condition of the property and any known defects

7. Required Consents: List of required governmental or third-party consents

8. Form of Transfer Documents: Templates of documents required for property transfer

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

Relevant legal definitions














































Clauses








































Relevant Industries

Real Estate

Commercial Property

Residential Property

Industrial

Retail

Hospitality

Healthcare

Education

Manufacturing

Logistics

Religious Institutions

Government

Banking & Finance

Relevant Teams

Legal

Real Estate

Finance

Compliance

Risk Management

Business Development

Property Management

Asset Management

Investment

Operations

Facilities Management

Relevant Roles

Real Estate Manager

Property Director

Legal Counsel

Corporate Lawyer

Chief Legal Officer

Chief Financial Officer

Investment Manager

Property Developer

Facilities Manager

Real Estate Broker

Property Consultant

Compliance Officer

Risk Manager

Business Development Manager

Asset Manager

Acquisition Manager

Real Estate Investment Director

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

Find the exact document you need

Lease Agreement With Option To Purchase (Real Estate)

A Saudi Arabian law-compliant agreement combining property lease terms with a future purchase option, structured according to local regulations and Shariah principles.

find out more

Joint Land Ownership Agreement

A Saudi Arabian law-governed agreement establishing joint ownership rights and responsibilities for real estate property, compliant with Sharia principles.

find out more

Joint Development Agreement (Real Estate)

A Saudi Arabian law-governed agreement establishing terms for joint real estate development between multiple parties, including development responsibilities, profit sharing, and regulatory compliance.

find out more

Equity Sharing Agreement (Real Estate)

A Sharia-compliant real estate equity sharing agreement under Saudi Arabian law, establishing terms for joint property ownership and management.

find out more

Closing Agreement (Real Estate)

A legally binding agreement under Saudi Arabian law that finalizes real estate property transfer between parties, incorporating both Sharia and modern legal requirements.

find out more

Contract For Selling A House

A Saudi Arabian law-compliant agreement for the sale and transfer of residential property, incorporating both civil law and Sharia requirements.

find out more

Land Development Agreement

A Saudi Arabian law-governed agreement establishing rights and obligations between parties for land development projects, ensuring compliance with local regulations and Shariah principles.

find out more

One To Four Family Residential Contract

A Sharia-compliant residential property sale agreement for one to four family units in Saudi Arabia, conforming to Saudi real estate laws and regulations.

find out more

Commercial Real Estate Listing Agreement

A Saudi Arabian law-governed agreement authorizing a broker to market and facilitate commercial property transactions, compliant with local regulations and Sharia principles.

find out more

Commercial Property Tenancy Agreement

A Saudi Arabian law-governed agreement establishing terms for commercial property lease arrangements, compliant with local regulations and Sharia principles.

find out more

Area Residential Purchase Contract

A Saudi Arabian residential property purchase agreement that facilitates the legal transfer of residential property ownership while ensuring compliance with local laws and Sharia principles.

find out more

Seller Purchase Agreement

A Saudi law-governed agreement detailing terms and conditions of a sale transaction between seller and purchaser, incorporating Sharia-compliant provisions.

find out more

Property Exchange Agreement

A legal document governed by Saudi Arabian law enabling the mutual exchange of real estate properties, ensuring compliance with both civil and Sharia law requirements.

find out more

Lease With Option To Buy Commercial Property

A Saudi Arabian commercial property lease agreement with purchase option, combining tenancy rights with a future buying opportunity, compliant with local laws and Shariah principles.

find out more

Agreement Between Buyer And Commission Agent

A Saudi Arabian law-governed agreement establishing terms and conditions between a buyer and commission agent, outlining commission structures and obligations.

find out more

Buyer Exclusive Agreement

A Saudi Arabian law-compliant agreement establishing exclusive representation rights for a property buyer's agent, outlining services, commission, and obligations.

find out more

Personal Property Agreement

A Sharia-compliant agreement under Saudi law for transferring personal property ownership, detailing terms, conditions, and transfer procedures.

find out more

Owner Finance Real Estate Contract

A Shariah-compliant owner financing agreement for real estate transactions under Saudi Arabian law, establishing property transfer and payment terms.

find out more

Residential Real Estate Purchase Agreement

A legally binding agreement under Saudi Arabian law for the purchase and sale of residential property, incorporating both Sharia and modern legal requirements.

find out more

Lease To Own Property Agreement

A Sharia-compliant agreement under Saudi Arabian law combining property lease terms with a future purchase arrangement.

find out more

Property Transfer Contract

A Saudi Arabian law-governed agreement for transferring real property ownership, ensuring compliance with Sharia Law and local real estate regulations.

find out more

Installment Land Sale Contract

A Saudi Arabian law-governed contract for the sale of land through installment payments, incorporating both civil law requirements and Sharia principles.

find out more

Assignment Of Purchase Agreement

A Saudi Arabian law-compliant document transferring rights and obligations under an existing purchase agreement from one party to another, adhering to Sharia principles.

find out more

Real Estate Buyout Agreement

A Saudi Arabian law-compliant agreement for the purchase and sale of real estate property, incorporating local legal requirements and Shariah principles.

find out more

Transfer Of Ownership Agreement Property

A Saudi Arabian law-compliant agreement facilitating the legal transfer of property ownership between parties, incorporating all necessary terms and conditions under local regulations.

find out more

Option Agreement Land

A Sharia-compliant agreement under Saudi law granting the right to purchase specified land at a preset price within a defined period.

find out more

Commercial Property Contract

A Saudi Arabian commercial property purchase agreement compliant with local laws and Sharia principles, governing the sale and transfer of commercial real estate.

find out more

Real Estate Operating Agreement

A Saudi Arabian law-governed agreement establishing terms for professional management and operation of real estate assets, combining commercial practices with Sharia compliance.

find out more

Commercial Sales Agreement

A Saudi law-governed agreement establishing terms and conditions for commercial sale of goods between business entities, ensuring compliance with local regulations and Sharia principles.

find out more

Buyer Seller Agreement

A Saudi Arabian law-governed agreement establishing terms and conditions between buyers and sellers, ensuring compliance with both commercial regulations and Sharia principles.

find out more

Vacant Land Lease Agreement

A Saudi Arabian law-compliant agreement template for leasing vacant land, incorporating Shariah principles and local regulatory requirements.

find out more

Home Selling Contract

A Saudi Arabian property sale agreement that governs the transfer of residential property ownership while ensuring compliance with local laws and Sharia principles.

find out more

Offer To Purchase Contract

A Saudi Arabian law-governed document outlining terms and conditions for a proposed property purchase, combining Sharia principles with modern commercial practices.

find out more

Commercial Real Estate Purchase Agreement

A Shariah-compliant commercial real estate purchase agreement under Saudi Arabian law for transferring ownership of commercial property.

find out more

Trust Agreement For Property

A Shariah-compliant property trust agreement under Saudi Arabian law that establishes and governs the management of property held in trust, specifying trustee powers and beneficiary rights.

find out more

Wholesale Real Estate Contract

A Saudi Arabian law-governed agreement for wholesale real estate transactions, enabling property contract assignment from initial buyer to end buyer with necessary regulatory compliance.

find out more

Wholesale Agreement Contract

A Saudi Arabian law-governed agreement establishing terms for wholesale supply arrangements, ensuring compliance with local regulations and Sharia principles.

find out more

Property Co Ownership Agreement

A Saudi Arabian law-governed agreement establishing rights and obligations between multiple property owners, aligned with Shariah principles and local regulations.

find out more

Property Sale Agreement

A Saudi Arabian law-governed agreement for the sale and transfer of real property ownership, incorporating both Sharia and civil law requirements.

find out more

Property Lease Agreement

A Saudi Arabian law-compliant agreement establishing terms and conditions for leasing real property, incorporating both civil law requirements and Sharia principles.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.