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5 Year Lease Agreement
"I need a 5 Year Lease Agreement for a commercial office space in Riyadh, starting March 1, 2025, with specific provisions for IT infrastructure improvements and 24/7 access rights for my technology company."
1. Parties: Identification of landlord and tenant with full legal names, addresses, and registration details
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the leased property and its boundaries
5. Term and Renewal: Duration of lease, commencement date, and renewal provisions
6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
7. Security Deposit: Amount, payment terms, and conditions for return of security deposit
8. Utilities and Services: Responsibility for utilities, maintenance, and service charges
9. Use of Premises: Permitted use of property and any restrictions
10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance
11. Insurance: Required insurance coverage for both parties
12. Landlord's Covenants: Obligations and warranties of the landlord
13. Tenant's Covenants: Obligations and warranties of the tenant
14. Assignment and Subletting: Conditions for transfer of lease rights or subletting
15. Termination: Grounds and procedures for early termination
16. Governing Law: Application of Saudi law and Sharia principles
17. Dispute Resolution: Process for resolving disputes between parties
18. Notices: Method and addresses for official communications
19. Execution: Signature blocks and execution requirements
1. Fit-out Works: Details of any modifications or improvements allowed, used when premises require tenant modifications
2. Service Charge: Detailed breakdown of service charges, used for commercial properties or multi-tenant buildings
3. Break Clause: Early termination options, included when parties want flexibility to end lease early
4. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term leases
5. Green Lease Provisions: Environmental and sustainability requirements, used for modern commercial properties
6. Operating Hours: Specific times for property access and operation, relevant for commercial properties
7. Parking Rights: Allocation of parking spaces, relevant when parking is limited or separately regulated
8. Signage Rights: Rules regarding external signage, important for commercial tenants
1. Floor Plans: Detailed plans showing the leased area and measurements
2. Inventory: List of fixtures, fittings, and equipment included in the lease
3. Service Level Agreement: Detailed description of services provided by landlord
4. Rent Payment Schedule: Detailed breakdown of rent payments and escalation
5. Building Rules: Specific rules and regulations for the property
6. Handover Protocol: Condition report and handover procedures
7. Permitted Alterations: Specifications for allowed modifications to the premises
8. Insurance Requirements: Detailed insurance specifications required by both parties
Authors
Applicable Laws
Base Rent
Building
Business Day
Commencement Date
Common Areas
Demised Premises
Ejar System
Expiry Date
Force Majeure
Handover Date
Initial Term
Insurance Requirements
Landlord
Lease Year
Maintenance Charges
Municipality
Notice
Operating Expenses
Permitted Use
Property
Renewal Term
Rent
Security Deposit
Service Charges
Sharia
Tenant
Term
Termination Date
Utilities
Utility Charges
VAT
Working Hours
Demise
Term and Renewal
Rent
Security Deposit
Payment Terms
Utilities and Services
Use of Premises
Alterations and Improvements
Maintenance and Repair
Insurance
Assignment and Subletting
Landlord Covenants
Tenant Covenants
Health and Safety
Property Access
Force Majeure
Default and Remedies
Early Termination
Handover
Registration Requirements
Building Rules
Notices
Governing Law
Dispute Resolution
Compliance
Liability and Indemnification
Service Charges
Quiet Enjoyment
Environmental Matters
Real Estate
Retail
Commercial Office
Industrial
Manufacturing
Hospitality
Healthcare
Education
Logistics
Warehousing
Financial Services
Technology
Professional Services
Legal
Real Estate
Facilities Management
Finance
Operations
Compliance
Risk Management
Property Management
Asset Management
Commercial
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Chief Financial Officer
Operations Director
Commercial Director
Leasing Manager
Asset Manager
Contract Administrator
Risk Manager
Compliance Officer
Real Estate Director
Business Development Manager
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