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Rent Review Notice

Rent Review Notice Template for Saudi Arabia

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Key Requirements PROMPT example:

Rent Review Notice

"I need a Rent Review Notice for my commercial warehouse in Riyadh, proposing a 15% increase based on current market rates, to be effective from March 1, 2025, with references to comparable properties in the industrial area."

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Document background
A Rent Review Notice is a crucial document in the Saudi Arabian real estate sector, used when a landlord wishes to initiate a formal review of the rental amount for a property. This document type is specifically required under Saudi Arabian Tenancy Law and must be registered through the Ejar platform. The notice is typically issued at intervals specified in the original lease agreement or as permitted by local regulations. It must contain specific information including current rent, proposed new rent, effective date, and justification for the change. The Rent Review Notice serves as the formal trigger for the rent review process and must be served within the timeframes specified in the lease agreement. The document plays a vital role in maintaining transparent and legally compliant landlord-tenant relationships in Saudi Arabia's property market.
Suggested Sections

1. Sender Details: Full legal name and address of the landlord or authorized representative

2. Recipient Details: Full legal name and address of the tenant

3. Property Details: Complete description and address of the leased property

4. Lease Reference: Details of the original lease agreement including date and reference number, particularly the Ejar registration number

5. Review Notice: Clear statement that this is a rent review notice and the specific clause of the lease being activated

6. Current Rent: Statement of the current rent amount and payment terms

7. Proposed New Rent: Clear statement of the proposed new rent amount

8. Effective Date: The date from which the new rent is proposed to take effect

9. Legal Basis: Reference to relevant lease provisions and Saudi law governing the rent review

10. Response Period: Specified timeframe for tenant response as per lease terms and Saudi law

11. Signature Block: Space for landlord or authorized representative's signature

Optional Sections

1. Market Evidence: Include when the rent review is based on market rates, providing evidence of comparable properties

2. Index-Based Calculations: Include when the rent review is based on a specific index, showing the calculation methodology

3. Arabic Translation: Include when the notice is being served to Arabic-speaking tenants or when required by local regulations

4. Previous Review History: Include when there have been previous rent reviews to establish the pattern and justification

5. Negotiation Period: Include when offering a specific period for negotiation before the review becomes final

6. Alternative Dispute Resolution: Include when proposing specific dispute resolution mechanisms for disagreements

Suggested Schedules

1. Schedule 1 - Market Evidence: Detailed comparable property evidence and market analysis supporting the proposed rent review

2. Schedule 2 - Rent Calculations: Detailed calculations showing how the new rent figure has been determined

3. Schedule 3 - Property Plans: Relevant property plans or area measurements if the review relates to specific areas

4. Appendix A - Original Lease Extract: Copy of relevant sections of the original lease relating to rent review

5. Appendix B - Supporting Documentation: Any additional documentation required under Saudi law or the lease terms

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Office Space

Hospitality

Healthcare

Education

Logistics

Warehousing

Mixed-use Development

Shopping Centers

Manufacturing

Relevant Teams

Real Estate

Legal

Property Management

Facilities Management

Asset Management

Operations

Contract Administration

Lease Administration

Commercial Property

Portfolio Management

Tenant Relations

Property Services

Real Estate Operations

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Real Estate Director

Asset Manager

Leasing Manager

Contract Administrator

Real Estate Operations Manager

Property Administrator

Lease Administrator

Real Estate Attorney

Commercial Property Manager

Portfolio Manager

Tenant Relations Manager

Industries
Saudi Tenancy Law (2020): The primary legislation governing lease relationships in Saudi Arabia, including provisions for rent reviews, notice requirements, and tenant-landlord obligations
Ejar Rental Services Platform Regulations: Mandatory electronic platform for registering and documenting rental agreements and modifications, including rent reviews
Saudi Civil Code provisions on Lease Contracts: General principles governing lease agreements and their modifications under Saudi civil law
Ministry of Housing Regulations on Rental Properties: Specific regulations governing residential rental properties, including guidelines for rent increases and reviews
Saudi Commercial Real Estate Regulations: Regulations specific to commercial property leases and rent review mechanisms for business premises
Rental Dispute Resolution Committee Regulations: Procedures and guidelines for resolving disputes related to rent reviews and increases between landlords and tenants
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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