Warehouse Lease Agreement Template for Saudi Arabia

The Warehouse Lease Agreement is essential for businesses requiring storage or distribution facilities in Saudi Arabia. This document is used when a property owner (Landlord) agrees to lease warehouse space to a business entity (Tenant) for commercial purposes. The agreement must comply with Saudi Arabian real estate laws, commercial regulations, and Shariah principles, while addressing practical operational requirements specific to warehouse facilities. It includes detailed provisions for property usage, maintenance, safety compliance, and technical specifications. The document is particularly important given Saudi Arabia's growing logistics sector and its position as a regional trade hub. The agreement typically requires registration with relevant authorities and must incorporate specific local requirements for commercial property leasing.

1. Parties: Identification of the Landlord and Tenant, including their full legal names, commercial registration numbers, and authorized representatives

2. Background: Context of the lease agreement, including property details and intended use

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Demised Premises: Detailed description of the warehouse property, including exact measurements and boundaries

5. Lease Term: Duration of the lease, commencement date, and any renewal options

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment in compliance with Shariah principles

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

8. Permitted Use: Specified allowed uses of the warehouse premises

9. Maintenance and Repairs: Responsibilities of each party regarding maintenance, repairs, and improvements

10. Utilities and Services: Responsibility for utilities, services, and related costs

11. Insurance: Required insurance coverage for both parties

12. Compliance with Laws: Obligations to comply with Saudi regulations, including municipality requirements

13. Access and Inspection: Landlord's rights to access and inspect the premises

14. Assignment and Subletting: Restrictions and conditions for assignment or subletting

15. Termination: Grounds and procedures for termination of the lease

16. Force Majeure: Provisions for unforeseen circumstances preventing performance

17. Dispute Resolution: Procedures for resolving disputes under Saudi law

18. Notices: Methods and addresses for official communications

19. Governing Law: Confirmation of Saudi law and Shariah principles as governing law