Lease Option Contract Template for Saudi Arabia

1. Foreign Ownership Provisions: Required when the lessee/option holder is a foreign entity, addressing specific requirements under Saudi foreign investment laws

2. Property Management: Included when specific property management arrangements are needed during the lease period

3. Assignment and Subletting: Required when parties want to allow or restrict the ability to assign or sublet

4. Improvements and Alterations: Included when the lessee is permitted to make changes to the property

5. Early Termination Rights: Optional provisions for early termination of the lease or option

6. Force Majeure: Provisions dealing with unforeseen circumstances preventing performance

7. Dispute Resolution: Specific procedures for dispute resolution beyond standard court proceedings

1. Property Description: Detailed legal description of the property including boundaries, title details, and any included fixtures

2. Rent Schedule: Detailed breakdown of rent payments, including amounts and due dates

3. Option Price Calculation: Formula or method for calculating the final purchase price if variable elements are included

4. Property Condition Report: Detailed assessment of property condition at lease commencement

5. Permitted Use: Specific details of how the property may be used during the lease period

6. Required Insurance: Detailed insurance requirements including types and amounts of coverage

7. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between parties