Document background
The Guarantor Lease Agreement is essential in the Saudi Arabian real estate market where additional security is required for lease arrangements. This document is commonly used when a tenant's creditworthiness needs to be supplemented by a third-party guarantee, such as in commercial leases, residential rentals for students or first-time renters, or high-value property leases. The agreement combines standard lease provisions with guarantee clauses that comply with both civil law and Shariah principles. It must be drafted in accordance with Saudi Arabia's rental regulations, including registration on the Ejar platform, and typically includes detailed provisions about the property, payment terms, maintenance responsibilities, and the specific obligations of the guarantor. The document is particularly relevant in today's market where landlords seek additional security for their rental income while complying with local legal requirements.
