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Extension Of Tenancy Agreement
"I need an Extension of Tenancy Agreement for my commercial property in Riyadh, extending the current lease for an additional 2 years from March 1, 2025, with a 5% annual rent increase and updated maintenance terms."
1. Parties: Identification of the Landlord and Tenant with their full legal names, identification numbers, and contact details as required by Saudi law
2. Background: Reference to the original tenancy agreement including its date, property details, and registration number in the Ejar system
3. Definitions: Key terms used in the extension agreement, including references to defined terms from the original agreement that remain applicable
4. Extension Term: Clear statement of the new period of extension, including start and end dates
5. Rent and Payment Terms: Confirmation of rent amount, payment schedule, and method of payment for the extension period
6. Confirmation of Original Terms: Statement confirming which terms from the original agreement remain in full force and effect
7. Execution: Signature blocks for all parties, including spaces for official stamps if required
1. Modified Terms: Section detailing any changes to the original agreement terms, used when terms other than duration and rent are being modified
2. Additional Obligations: New obligations of either party not covered in the original agreement, included when new requirements are being added
3. Maintenance and Repairs: Modified maintenance responsibilities, included when there are changes to the original maintenance terms
4. Security Deposit Adjustment: Used when there are changes to the security deposit amount or terms
5. Break Clause: Optional termination provisions for the extension period, included when parties want flexibility to end the extension early
1. Schedule 1 - Original Tenancy Agreement: Copy of the original tenancy agreement being extended
2. Schedule 2 - Property Condition Report: Updated condition report of the property at the time of extension
3. Schedule 3 - Modified Payment Schedule: Detailed breakdown of rent payments for the extension period if payment terms have changed
4. Appendix A - Ejar Registration Certificate: Copy of the Ejar registration certificate for the extension
5. Appendix B - Property Photographs: Current photographs of the property condition at extension date
Authors
Real Estate
Residential Property
Commercial Property
Retail
Industrial
Hospitality
Office Space
Manufacturing
Logistics
Healthcare
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Property Management
Corporate Services
Asset Management
Contract Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contracts Manager
Real Estate Agent
Leasing Manager
Asset Manager
Operations Manager
Corporate Services Manager
Administration Manager
Compliance Officer
Property Administrator
Real Estate Director
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