Document background
The Rent Increase Agreement is a crucial document used in Saudi Arabia when property owners wish to implement a rental increase for their leased properties. This document is essential for ensuring compliance with Saudi Tenancy Law and Sharia principles while maintaining transparency in landlord-tenant relationships. It becomes necessary when market conditions, property improvements, or other factors justify a rent adjustment. The agreement must be compatible with the Ejar platform requirements and include specific details about the increase amount, timing, and justification. It serves as an amendment to the existing lease agreement and should be used whenever rent modifications are proposed, whether for residential or commercial properties. The document helps prevent disputes by clearly documenting the agreed terms of the increase and ensuring all parties understand their rights and obligations under Saudi law.
