The Selling Home By Owner Contract is a crucial legal document used in Saudi Arabia when property owners choose to sell their residential property directly to buyers without intermediary real estate agents. This approach has gained popularity as it can reduce transaction costs while maintaining legal compliance. The document is specifically designed to meet requirements under Saudi Arabian law, including the Real Estate Registration Law, Ministry of Housing regulations, and Sharia principles. It provides comprehensive coverage of all essential sale elements, from property description and price to warranties and transfer procedures. This contract type is particularly relevant in the context of Saudi Vision 2030's real estate reforms, which aim to increase transparency and efficiency in property transactions. The document includes provisions for the 5% Real Estate Transaction Tax (RETT) and incorporates necessary municipal requirements and property registration procedures.
Create a bespoke document in minutes, or upload and review your own.
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:
Selling Home By Owner Contract
"I need a Selling Home By Owner Contract for my 3-bedroom villa in Riyadh, with a standard payment structure and completion date of March 15, 2025; the contract should be in both English and Arabic."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
1. Parties: Identification of the seller(s) and buyer(s) with full legal names, national ID numbers, and contact information as required by Saudi law
2. Background: Brief context of the sale and confirmation that the seller is the legal owner with right to sell
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and legal terms
4. Property Description: Detailed legal description of the property including title deed number, plot number, and exact location details
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements in compliance with Sharia principles
6. Payment Terms: Structure and timing of payments, including deposit handling and final payment arrangements
7. Title and Ownership Transfer: Process and requirements for transferring property ownership through official channels
8. Seller's Representations and Warranties: Declarations regarding property ownership, absence of disputes, and compliance with regulations
9. Property Condition: Current state of the property and any known defects or issues
10. Closing Process: Steps for completing the sale, including documentation and registration requirements
11. Tax Obligations: Responsibility for Real Estate Transaction Tax (RETT) and other applicable fees
12. Risk and Insurance: Transfer of risk and insurance responsibilities between parties
13. Governing Law: Confirmation of Saudi law and Sharia principles as governing law
14. Dispute Resolution: Process for resolving disputes in accordance with Saudi law
1. Tenant Rights: Required if the property is currently tenanted, detailing existing lease agreements and tenant rights
2. Mortgage Provisions: Required if there is an existing mortgage on the property or if buyer is obtaining Islamic financing
3. Property Management: Required for properties within managed communities, detailing service charges and responsibilities
4. Utilities Transfer: Details of utility account transfers and outstanding payments if applicable
5. Furniture and Fixtures: Required if sale includes furniture or specific fixtures, with detailed inventory
6. Construction Completion: Required for properties under construction or requiring completion works
7. Multiple Owner Provisions: Required when the property has multiple owners or shared ownership arrangements
1. Property Title Deed: Copy of official property ownership documentation
2. Property Plans: Official floor plans and property boundaries from municipality
3. Inventory List: Detailed list of included fixtures, fittings, and furniture if applicable
4. Property Inspection Report: Recent inspection report detailing property condition
5. Building Permits: Copies of relevant building permits and completion certificates
6. Service Charge Statement: Current statement of community service charges if applicable
7. Utility Bills: Recent utility bills showing current status and account numbers
8. Property Photographs: Documented current condition of property with dated photographs
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Finance
Legal Services
Property Development
Construction
Insurance
Property Management
Urban Planning
Facilities Management
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Risk Management
Operations
Finance
Investment
Documentation
Registration
Valuations
Relevant Roles
Property Owner
Home Buyer
Legal Counsel
Property Manager
Real Estate Consultant
Compliance Officer
Property Valuator
Mortgage Advisor
Real Estate Investment Manager
Property Developer
Urban Planning Officer
Bank Manager
Insurance Underwriter
Facilities Manager
Title Researcher
Municipal Officer
Find the exact document you need
No items found.
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.
Read our Privacy Policy.