Document background
The Long Term Lease Agreement is a crucial document used in Saudi Arabia for establishing extended tenancy arrangements, typically exceeding one year in duration. This agreement is essential for businesses seeking stable operational premises or individuals requiring long-term residential accommodation. It must comply with Saudi Arabia's comprehensive regulatory framework, including the Saudi Lease Law (Royal Decree M/61), Shariah principles, and registration requirements on the Ejar platform. The document addresses key aspects such as rent payments, maintenance responsibilities, permitted use, and dispute resolution mechanisms, while incorporating specific provisions required by Saudi law. It is particularly relevant for commercial enterprises establishing operations in Saudi Arabia, property investors, and residential tenants seeking extended lease terms. The agreement must be structured to account for local business practices, religious observances, and cultural considerations specific to the Saudi Arabian market.
