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Year Lease Agreement
"I need a Year Lease Agreement for a commercial retail space in Riyadh, starting March 1, 2025, with specific provisions for shopping mall operations and customer access hours, compliant with Saudi law and suitable for Ejar registration."
1. Parties: Identification of landlord and tenant with full legal names, addresses, and official ID numbers as required by Saudi law
2. Background: Brief context of the lease arrangement and property overview
3. Definitions: Key terms used throughout the agreement, including property description, commencement date, and other relevant terms
4. Property Details: Comprehensive description of the leased property, including address, dimensions, and permitted use
5. Term and Renewal: Duration of lease, commencement date, expiry date, and renewal terms
6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for return, and permitted deductions
8. Utilities and Services: Responsibility for utility connections, payments, and maintenance
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
10. Tenant Obligations: Standard obligations including proper use, compliance with laws, and maintenance responsibilities
11. Landlord Obligations: Standard obligations including providing access, maintaining structure, and insurance requirements
12. Insurance: Required insurance coverage for both parties
13. Access and Inspection: Landlord's rights to access the property and conduct inspections
14. Alterations and Improvements: Rules regarding modifications to the property
15. Assignment and Subletting: Restrictions on transferring or sharing the lease
16. Termination: Grounds for termination, notice requirements, and consequences
17. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law
18. Notices: How formal communications between parties should be made
19. Governing Law: Confirmation of Saudi law application and Shariah compliance
1. Force Majeure: Provisions for unforeseen circumstances preventing contract performance
2. Special Conditions for Commercial Use: Additional terms specific to commercial property leases
3. Fit-out Works: Terms regarding initial modifications or improvements before occupancy
4. Option to Purchase: Terms for tenant's right to purchase the property during the lease
5. Break Clause: Conditions under which either party can terminate early
6. Guarantor Provisions: Terms applying when a guarantor is required for the lease
7. Multiple Occupancy Rules: Special terms for properties with multiple tenants
8. Parking Provisions: Specific terms regarding parking rights and restrictions
1. Schedule 1 - Property Layout Plan: Detailed floor plans and property boundaries
2. Schedule 2 - Inventory List: Detailed list of fixtures, fittings, and furniture included in the lease
3. Schedule 3 - Service Charges Breakdown: Detailed breakdown of any service charges and their calculation
4. Schedule 4 - Building Rules: Specific rules and regulations for the property or building
5. Schedule 5 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities
6. Schedule 6 - Utilities Schedule: Details of utility meters, connections, and responsibility allocation
7. Appendix A - Required Permits: Copies of relevant permits and certificates
8. Appendix B - Property Photographs: Documentation of property condition at lease commencement
Authors
Applicable Laws
Building
Building Rules
Business Day
Commencement Date
Common Areas
Confidential Information
Default Interest Rate
Deposit
Ejar Platform
Expiry Date
Force Majeure Event
Governing Law
Landlord
Lease Period
Lease Year
Licensed Use
Maintenance Charges
Municipal Authorities
Notice
Parties
Permitted Use
Premises
Property
Rent
Rent Payment Date
Security Deposit
Service Charges
Shariah Principles
Tenant
Term
Termination Date
Utilities
VAT
Working Hours
Definitions and Interpretation
Grant of Lease
Term and Renewal
Rent and Payment
Security Deposit
Utilities and Services
Use of Premises
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Landlord's Obligations
Tenant's Obligations
Access Rights
Property Management
Compliance with Laws
Default and Remedies
Termination
Force Majeure
Notices
Dispute Resolution
Governing Law
Registration Requirements
Confidentiality
Health and Safety
Environmental Compliance
Liability and Indemnification
Representations and Warranties
Entire Agreement
Severability
Amendment and Modification
Third Party Rights
Costs and Expenses
Language
Counterparts
Real Estate
Commercial Property
Residential Property
Retail
Hospitality
Industrial
Healthcare
Education
Financial Services
Professional Services
Manufacturing
Logistics
Technology
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Corporate Services
Administration
Property Management
Asset Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Compliance Officer
Operations Director
Chief Financial Officer
Asset Manager
Business Development Manager
Risk Manager
Contract Administrator
Leasing Manager
Corporate Services Manager
Real Estate Agent
Property Administrator
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