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Property Release Forms
"I need a Property Release Form for releasing rights to a commercial warehouse in Riyadh's Industrial City, where the property is currently mortgaged to a local bank and the release needs to be effective from March 15, 2025."
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1. Parties: Identification of the property owner(s), releasing party, and recipient party, including their full legal names, national ID numbers or CR numbers for companies, and contact information
2. Background: Brief context of the property ownership and the purpose of the release
3. Definitions: Key terms used in the document, including 'Property', 'Release', 'Effective Date', and any specific Saudi legal terms
4. Property Description: Detailed description of the property including its location, dimensions, deed number, and any relevant registration details as per Saudi property registration requirements
5. Release Declaration: Explicit statement of release and transfer of rights, crafted in compliance with Sharia law and Saudi regulations
6. Representations and Warranties: Declarations by the releasing party regarding ownership, authority to release, and absence of encumbrances
7. Consideration: Statement of any payment or consideration for the release, if applicable
8. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant jurisdiction
9. Execution: Signature blocks with space for official stamps and witness attestations as required by Saudi law
1. Municipality Compliance: Required when the property is subject to specific municipal regulations or zoning requirements
2. Foreign Ownership Declaration: Required when any party is non-Saudi, addressing compliance with foreign ownership restrictions
3. Power of Attorney: Required when any party is acting through an authorized representative
4. Mortgage Release: Required when the property has an existing mortgage that needs to be addressed
5. Special Conditions: For cases involving specific usage restrictions, temporary arrangements, or special requirements
6. Religious Compliance Statement: Additional Sharia compliance declarations when required by specific circumstances or property types
1. Schedule 1 - Property Details: Detailed technical description of the property, including maps, coordinates, and official property documentation
2. Schedule 2 - Title Deed: Copy of the original title deed and registration documents
3. Schedule 3 - Supporting Documents: Copies of relevant permits, certificates, and regulatory approvals
4. Appendix A - Authorization Documents: Copies of powers of attorney, corporate resolutions, or other authorization documents
5. Appendix B - Property Photos: Recent photographs of the property for identification purposes
6. Appendix C - Municipality Certificates: Relevant municipal certificates and clearances
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Facilities Management
Insurance
Government & Public Sector
Corporate Services
Hospitality
Retail
Industrial & Manufacturing
Legal
Real Estate
Compliance
Property Management
Corporate Services
Risk Management
Operations
Documentation
Administrative Services
Facilities Management
Real Estate Manager
Property Lawyer
Legal Counsel
Compliance Officer
Property Development Manager
Facilities Manager
Real Estate Agent
Title Officer
Corporate Lawyer
Property Administrator
Contract Manager
Legal Documentation Specialist
Real Estate Transaction Coordinator
Property Rights Specialist
Risk Management Officer
Corporate Secretary
Real Estate Operations Manager
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