Venue Rental Contract Template for Saudi Arabia

The Venue Rental Contract serves as a crucial legal instrument for property owners and tenants in Saudi Arabia seeking to establish clear terms for temporary venue usage. This document is essential when renting out conference centers, event spaces, exhibition halls, or similar facilities, whether for corporate events, educational purposes, or social gatherings. It ensures compliance with Saudi Arabian law, including Sharia principles, municipality regulations, and where applicable, General Entertainment Authority requirements. The contract comprehensively covers rental terms, payment structures, usage limitations, and safety requirements while incorporating necessary provisions for insurance, liability, and dispute resolution under Saudi jurisdiction. This standardized approach helps protect both parties' interests while maintaining adherence to local legal and cultural requirements.

1. Parties: Identification of the venue owner/operator and the renter, including full legal names, addresses, and commercial registration details

2. Background: Context of the agreement and brief description of the venue and intended use

3. Definitions: Key terms used throughout the agreement, including 'Venue', 'Rental Period', 'Permitted Use', etc.

4. Venue Details: Specific description of the venue, its location, and included facilities

5. Rental Period: Specific dates, times, and duration of the rental period

6. Rental Fee and Payment Terms: Detailed breakdown of fees, payment schedule, and method of payment, including VAT requirements

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

8. Permitted Use: Specific allowed uses of the venue and any restrictions

9. Client Obligations: Responsibilities of the renter including compliance with regulations, maintenance, and conduct

10. Venue Owner Obligations: Responsibilities of the venue owner including maintenance, access, and basic services

11. Insurance and Liability: Insurance requirements and allocation of risks between parties

12. Termination: Circumstances under which either party may terminate the agreement and consequences

13. Force Majeure: Provisions for unforeseen circumstances preventing fulfillment of obligations

14. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution process

15. Notices: How formal communications between parties should be made and delivered