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Early Termination Of Rental Agreement
"I need an Early Termination of Rental Agreement for my residential apartment in Riyadh, as I'm relocating abroad for work next month, and need to include provisions for remote handover and international bank transfers for deposit return."
1. Parties: Identification of the Landlord and Tenant, including full legal names, national ID numbers/CR numbers, and contact details
2. Background: Brief overview of the existing rental agreement, including its date, property details, and the reason for early termination
3. Definitions: Key terms used in the agreement including 'Termination Date', 'Outstanding Rent', 'Security Deposit', and other relevant terms
4. Termination Date: Specific date when the tenancy will end and handover of property will occur
5. Notice Period: Confirmation of the notice period being given and compliance with legal requirements
6. Outstanding Payments: Details of any rent, utilities, or other charges due up to the termination date
7. Security Deposit: Arrangements for the inspection of the property and return of the security deposit
8. Handover Procedures: Process for returning keys, conducting final inspection, and documenting property condition
9. Mutual Release: Statement releasing both parties from future obligations under the original lease, subject to completion of termination conditions
10. Governing Law: Confirmation that the agreement is governed by Saudi Arabian law
11. Execution: Signature blocks for all parties and witnesses as required under Saudi law
1. Maintenance Obligations: Used when specific repairs or restoration work is required before vacation
2. Utility Transfer: Include when utilities are registered in tenant's name and need to be transferred or cancelled
3. Furnished Property Provisions: Required for furnished properties, detailing inventory check and condition assessment
4. Commercial Terms: Include for commercial properties with specific business-related provisions
5. Sub-tenant Provisions: Required if there are registered sub-tenants who need to vacate
6. Ejar Platform Registration: Include if the contract needs to be formally terminated on the Ejar platform
1. Schedule 1 - Property Inventory: Detailed list of furnishings and fittings if property is furnished
2. Schedule 2 - Payment Calculation: Breakdown of final payments including rent, utilities, and deductions
3. Schedule 3 - Property Condition Report: Current condition of the property and any damage noted
4. Schedule 4 - Handover Checklist: List of items to be completed before final handover
5. Appendix A - Original Lease Agreement: Copy of the original lease agreement being terminated
6. Appendix B - Photographic Evidence: Photos documenting property condition at termination
Authors
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Industrial
Office Space
Mixed-use Development
Student Housing
Corporate Housing
Legal
Real Estate
Facilities Management
Operations
Asset Management
Property Administration
Compliance
Contract Administration
Tenant Relations
Corporate Services
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Leasing Manager
Asset Manager
Property Administrator
Contract Administrator
Real Estate Director
Operations Manager
Tenant Relations Manager
Compliance Officer
Real Estate Agent
Housing Coordinator
Corporate Real Estate Manager
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