Commercial Lease Termination Agreement Template for Saudi Arabia

1. Early Termination Fee: Required when termination occurs before the natural end of the lease term

2. Restoration Works: Included when specific restoration or repair works are required before handover

3. Surviving Obligations: Used when certain lease obligations need to survive termination

4. Third Party Rights: Required when there are sublease agreements or third-party interests to address

5. Insurance Claims: Included when there are ongoing or potential insurance claims to be addressed

6. Marketing Rights: Used when the landlord requires early access for marketing the property

7. Holdover Provisions: Included when there's a possibility of delayed vacation of the premises

1. Original Lease Agreement: Copy of the original lease agreement being terminated

2. Handover Inspection Checklist: Detailed checklist for property inspection and condition assessment

3. Financial Statement: Statement of all outstanding amounts and financial settlements

4. Utility Accounts: List of utility accounts to be transferred or terminated

5. Inventory List: List of fixtures, fittings, and equipment to be returned or removed

6. Property Photographs: Current photographs documenting the condition of the premises

7. Handover Timeline: Schedule of key dates and deadlines for the termination process