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The One To Four Family Residential Contract is a comprehensive legal document used in Saudi Arabia for the transfer of residential properties that can accommodate between one and four family units. This contract type is specifically designed to meet the requirements of Saudi Arabia's real estate laws while maintaining compliance with Sharia principles. It is commonly used in situations involving the sale of single-family homes, duplexes, triplexes, or four-unit residential buildings. The document includes detailed provisions for property description, payment terms, ownership transfer procedures, and parties' obligations. It incorporates necessary elements to satisfy both Saudi civil law requirements and Islamic finance principles, making it suitable for both conventional and Islamic mortgage arrangements. The contract is structured to protect the interests of both buyers and sellers while ensuring transparency and enforceability under Saudi jurisdiction.

1. Parties: Identification of all parties involved in the transaction, including full legal names and details as per Saudi identification documents

2. Background: Context of the transaction and brief description of the property being transferred

3. Definitions: Key terms used throughout the agreement, including property-specific terminology and Saudi legal terms

4. Property Description: Detailed legal description of the property, including boundaries, size, and registration details as per Saudi property records

5. Purchase Price: Statement of the agreed purchase price and payment terms in compliance with Sharia principles

6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and final payment arrangements

7. Closing Date: Specified date for completion of the transaction and property transfer

8. Property Transfer: Process and requirements for legal transfer of property ownership under Saudi law

9. Seller's Representations: Warranties regarding property ownership, condition, and compliance with local regulations

10. Buyer's Obligations: Responsibilities and commitments of the buyer, including payment and documentation requirements

11. Property Inspection: Terms regarding property inspection rights and process

12. Title and Ownership: Confirmation of clear title and process for title transfer under Saudi law

13. Governing Law: Specification of Saudi law and Sharia compliance requirements

14. Dispute Re����ֱ��: Process for resolving disputes under Saudi jurisdiction

15. Notices: Communication requirements and contact details for all parties

16. Execution: Signature requirements and witnessing provisions as per Saudi law