Guarantor Tenancy Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Guarantor Tenancy Agreement

"I need a Guarantor Tenancy Agreement under Saudi law for a luxury residential compound in Riyadh, where the tenant is a foreign corporate executive and the guarantor is their employing company, with the lease term starting March 1, 2025."

Document background
The Guarantor Tenancy Agreement is essential in the Saudi Arabian real estate market where landlords often require additional security beyond standard tenant commitments. This document is typically used when a tenant requires or the landlord demands a third-party guarantee for the tenancy obligations. It combines standard lease provisions with specific guarantor clauses, ensuring compliance with Saudi civil law, Sharia principles, and the EJAR rental services program. The agreement is particularly relevant for new tenants, foreign nationals, students, or business entities requiring additional assurance for their tenancy. It includes detailed sections on the guarantor's obligations, enforcement mechanisms, and the interaction between all three parties, while ensuring alignment with local cultural and religious requirements.
Suggested Sections

1. Parties: Identification of the Landlord, Tenant, and Guarantor with full legal names and contact details

2. Background: Context of the agreement including property details and purpose of the guarantee

3. Definitions: Key terms used throughout the agreement defined in accordance with Saudi law

4. Guarantor's Obligations: Primary obligations of the guarantor including scope of guarantee, payment responsibilities, and duration

5. Tenant's Obligations: Core responsibilities of the tenant including rent payment, maintenance, and use of property

6. Landlord's Obligations: Key responsibilities of the landlord including property maintenance and service provisions

7. Term and Rent: Duration of tenancy, rent amount, payment schedule, and review mechanisms

8. Security Deposit: Details of deposit amount, holding arrangements, and conditions for return

9. Property Use and Maintenance: Specifications for permitted use, maintenance responsibilities, and property care

10. Default and Remedies: Consequences of breach, enforcement procedures, and guarantor's liability

11. Termination: Conditions and procedures for ending the agreement

12. Notices: Communication procedures between parties

13. Governing Law: Confirmation of Saudi law application and Sharia compliance

14. Execution: Signature requirements and witnessing provisions

Optional Sections

1. Property Management: Include when a property management company is involved in managing the property

2. Utilities and Services: Include when specific arrangements for utilities need to be detailed

3. Insurance: Include when specific insurance requirements are imposed on tenant or guarantor

4. Subletting Provisions: Include when subletting might be permitted under certain conditions

5. Guarantor's Right of Substitution: Include when the guarantor may have the right to provide a replacement guarantor

6. Religious or Cultural Requirements: Include specific provisions related to Saudi cultural or religious requirements

7. Multiple Guarantors: Include when more than one guarantor is providing the guarantee

8. Electronic Payments: Include when specific electronic payment systems are mandated

Suggested Schedules

1. Property Description: Detailed description of the property including photographs and condition report

2. Rent Payment Schedule: Detailed breakdown of rent payments, due dates, and payment methods

3. Inventory List: List of furnishings and fixtures included in the tenancy

4. Maintenance Schedule: Regular maintenance requirements and responsibilities

5. Guarantor Financial Statement: Required financial information from guarantor (if applicable)

6. EJAR Registration Details: Documentation related to official registration in the EJAR system

7. Property Rules and Regulations: Specific rules applicable to the property or compound

8. Required Permits and Certificates: Copies of relevant permits and certificates required by Saudi authorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Real Estate

Residential Property

Commercial Property

Property Management

Legal Services

Islamic Finance

Housing

Retail

Office Space

Student Accommodation

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Facilities

Housing Administration

Tenant Relations

Contract Administration

Islamic Finance

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Leasing Manager

Compliance Officer

Housing Director

Tenant Relations Manager

Contract Administrator

Real Estate Agent

Facilities Manager

Risk Manager

Student Housing Coordinator

Corporate Housing Manager

Islamic Finance Advisor

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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