Tenancy Agreement With Guarantor Template for Saudi Arabia

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Key Requirements PROMPT example:

Tenancy Agreement With Guarantor

"I need a Tenancy Agreement with Guarantor for a luxury residential property in Riyadh, Saudi Arabia, with a corporate guarantor and specific provisions for diplomatic tenants, including quarterly rent payments and enhanced security measures."

Document background
The Tenancy Agreement With Guarantor is essential for property rental transactions in Saudi Arabia where additional security is required beyond a standard lease agreement. This document is commonly used when letting high-value properties, commercial premises, or in situations where the tenant's creditworthiness needs additional support. It provides comprehensive protection for landlords while clearly defining the obligations of tenants and guarantors under Saudi law. The agreement ensures compliance with both civil law requirements and Sharia principles, making it suitable for use in the Saudi Arabian jurisdiction. It includes detailed provisions for rent payment, property maintenance, default remedies, and the specific obligations of the guarantor, who assumes responsibility for the tenant's obligations in case of default.
Suggested Sections

1. Parties: Identification of the Landlord, Tenant, and Guarantor with full legal names and contact details

2. Background: Context of the agreement including property overview and purpose of the lease

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Formal grant of the lease and specification of the property being leased

5. Term and Renewal: Duration of the lease and conditions for renewal

6. Rent and Payment Terms: Rent amount, payment schedule, and method of payment

7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit

8. Guarantor's Obligations: Scope and extent of guarantor's liability and responsibilities

9. Tenant's Obligations: Comprehensive list of tenant responsibilities including maintenance, use restrictions, and compliance requirements

10. Landlord's Obligations: Landlord's responsibilities including maintenance, services, and property access

11. Insurance: Required insurance coverage for both parties

12. Utilities and Services: Responsibility for utilities, services, and related charges

13. Maintenance and Repairs: Detailed responsibilities for property maintenance and repair procedures

14. Default and Remedies: Events of default and available remedies for all parties

15. Termination: Grounds and procedures for early termination

16. Notices: Process and requirements for formal communications between parties

17. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes

Optional Sections

1. Shariah Compliance Declaration: Statement confirming the agreement's compliance with Islamic principles - used when explicitly required by parties

2. Property Management: Additional terms when property is managed by a third-party company

3. Fit-out Works: Terms governing any modifications or improvements to be made by tenant - used for commercial properties or when significant modifications are planned

4. Break Clause: Terms allowing early termination under specific conditions - included when parties agree to this flexibility

5. Sub-letting: Terms governing the ability to sub-let the property - included when sub-letting is permitted

6. Force Majeure: Provisions for unforeseen circumstances preventing contract performance

7. Special Conditions: Any unique terms specific to the particular tenancy arrangement

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including floor plans and boundaries

2. Schedule 2 - Inventory: List of fixtures, fittings, and furnishings included in the lease

3. Schedule 3 - Service Charges: Breakdown of service charges and calculation method

4. Schedule 4 - Building Rules: Specific rules and regulations for the property or building

5. Schedule 5 - Guarantor's Details: Complete information about the guarantor including financial status and verification documents

6. Schedule 6 - Condition Report: Detailed report on the condition of the property at the start of the tenancy

7. Appendix A - Required Permits: Copies of necessary permits and certifications

8. Appendix B - Payment Schedule: Detailed breakdown of payment dates and amounts

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Hospitality

Office Space

Industrial

Education

Healthcare

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Risk Management

Compliance

Property Management

Asset Management

Administrative Services

Corporate Services

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Facilities Manager

Asset Manager

Business Owner

Corporate Housing Manager

Property Administrator

Tenant Relations Manager

Risk Manager

Compliance Officer

Real Estate Director

Operations Manager

Industries
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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