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Long Term Land Lease Agreement
"I need a Long Term Land Lease Agreement for a 10,000 square meter industrial plot in Dammam Industrial City, Saudi Arabia, where we plan to build a manufacturing facility, with the lease commencing on March 1, 2025, and including specific provisions for phased development and environmental compliance."
1. Parties: Identification of the Lessor and Lessee with full legal names, addresses, and registration details
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Demise and Term: Formal grant of lease, duration, and commencement date
5. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and review mechanisms
6. Security Deposit: Amount, payment terms, and conditions for return of security deposit
7. Permitted Use: Specified allowed uses of the property under Shariah and Saudi law
8. Lessee's Covenants: Obligations of the lessee including maintenance, repairs, and compliance with laws
9. Lessor's Covenants: Obligations of the lessor including quiet enjoyment and structural repairs
10. Insurance: Required insurance coverage and responsibilities
11. Assignment and Subletting: Restrictions and conditions for transfer of lease rights
12. Termination: Grounds for termination and procedures
13. Handback: Conditions and procedures for returning the property
14. Notices: Methods and addresses for formal communications
15. Governing Law and Dispute Resolution: Application of Saudi law and dispute resolution mechanisms
16. Force Majeure: Events beyond parties' control and their consequences
17. Entire Agreement: Integration clause and relationship to other documents
1. Development Obligations: Used when the lease requires the lessee to develop the land, including construction milestones and specifications
2. Environmental Provisions: Required for environmentally sensitive areas or when specific environmental obligations exist
3. Religious/Cultural Requirements: Specific provisions relating to Islamic requirements or cultural sensitivities, particularly relevant for certain locations
4. Government Approvals: Required when specific permits or licenses are needed for the intended use
5. Utilities and Services: Detailed provisions for utility connections and services when relevant to the property
6. Pre-emption Rights: Rights of first refusal for purchase if applicable
7. Step-in Rights: Required for financiers' protection in development projects
8. Zakat Provisions: Required when specific arrangements for Islamic tax need to be addressed
1. Property Description: Detailed description of the land including boundaries, coordinates, and official title information
2. Plan: Official surveyed plan of the property
3. Rent Schedule: Detailed breakdown of rent payments and escalation formulae
4. Permitted Use Details: Specific details of permitted activities and restrictions
5. Development Schedule: Timeline and specifications for any required development works
6. Form of Bank Guarantee: Template for required security deposits or guarantees
7. Handback Requirements: Detailed specifications for property condition upon lease end
8. Required Insurances: Detailed list of required insurance coverage
9. Service Charges: Breakdown of service charges and calculation methodology
Authors
Applicable Laws
Approved Plans
Business Day
Commencement Date
Competent Authority
Default Event
Development Works
Environmental Laws
Expiry Date
Force Majeure Event
Governing Law
Handback
Improvements
Initial Term
Land
Lease Period
Lease Year
Lessee
Lessor
Maintenance
Minister
Ministry
Municipality
Notice
Permitted Use
Plans and Specifications
Premises
Project
Property
Quiet Enjoyment
Renewal Term
Rent
Rent Review Date
Security Deposit
Service Charges
Shariah Principles
Statutory Requirements
Term
Title Deed
Utilities
Zakat
Zoning Requirements
Term and Renewal
Rent and Payment
Security Deposit
Permitted Use
Development Rights
Maintenance and Repair
Alterations and Improvements
Insurance
Assignment and Subletting
Quiet Enjoyment
Force Majeure
Default and Remedies
Termination
Handback
Environmental Compliance
Health and Safety
Utilities and Services
Property Access
Compliance with Laws
Islamic Finance Compliance
Regulatory Approvals
Title and Registration
Representations and Warranties
Indemnification
Dispute Resolution
Notices
Governing Law
Entire Agreement
Severability
Municipal Compliance
Zoning Requirements
Religious and Cultural Obligations
Land Use Restrictions
Service Charges
Property Management
Step-in Rights
Bank Guarantees
Construction Obligations
Environmental Protection
Waste Management
Real Estate
Industrial Development
Commercial Property
Retail
Logistics
Manufacturing
Agriculture
Tourism and Hospitality
Healthcare
Education
Religious Institutions
Energy and Utilities
Legal
Real Estate
Property Management
Finance
Operations
Compliance
Project Development
Commercial
Risk Management
Facilities Management
Islamic Banking
Corporate Strategy
Chief Executive Officer
Real Estate Director
Legal Counsel
Property Manager
Development Director
Investment Manager
Facilities Manager
Commercial Director
Finance Director
Operations Manager
Compliance Officer
Project Manager
Land Acquisition Manager
Asset Manager
Risk Manager
Islamic Finance Specialist
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