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Guarantor Tenancy Agreement
"I need a Guarantor Tenancy Agreement under Saudi law for a luxury residential compound in Riyadh, where the tenant is a foreign corporate executive and the guarantor is their employing company, with the lease term starting March 1, 2025."
1. Parties: Identification of the Landlord, Tenant, and Guarantor with full legal names and contact details
2. Background: Context of the agreement including property details and purpose of the guarantee
3. Definitions: Key terms used throughout the agreement defined in accordance with Saudi law
4. Guarantor's Obligations: Primary obligations of the guarantor including scope of guarantee, payment responsibilities, and duration
5. Tenant's Obligations: Core responsibilities of the tenant including rent payment, maintenance, and use of property
6. Landlord's Obligations: Key responsibilities of the landlord including property maintenance and service provisions
7. Term and Rent: Duration of tenancy, rent amount, payment schedule, and review mechanisms
8. Security Deposit: Details of deposit amount, holding arrangements, and conditions for return
9. Property Use and Maintenance: Specifications for permitted use, maintenance responsibilities, and property care
10. Default and Remedies: Consequences of breach, enforcement procedures, and guarantor's liability
11. Termination: Conditions and procedures for ending the agreement
12. Notices: Communication procedures between parties
13. Governing Law: Confirmation of Saudi law application and Sharia compliance
14. Execution: Signature requirements and witnessing provisions
1. Property Management: Include when a property management company is involved in managing the property
2. Utilities and Services: Include when specific arrangements for utilities need to be detailed
3. Insurance: Include when specific insurance requirements are imposed on tenant or guarantor
4. Subletting Provisions: Include when subletting might be permitted under certain conditions
5. Guarantor's Right of Substitution: Include when the guarantor may have the right to provide a replacement guarantor
6. Religious or Cultural Requirements: Include specific provisions related to Saudi cultural or religious requirements
7. Multiple Guarantors: Include when more than one guarantor is providing the guarantee
8. Electronic Payments: Include when specific electronic payment systems are mandated
1. Property Description: Detailed description of the property including photographs and condition report
2. Rent Payment Schedule: Detailed breakdown of rent payments, due dates, and payment methods
3. Inventory List: List of furnishings and fixtures included in the tenancy
4. Maintenance Schedule: Regular maintenance requirements and responsibilities
5. Guarantor Financial Statement: Required financial information from guarantor (if applicable)
6. EJAR Registration Details: Documentation related to official registration in the EJAR system
7. Property Rules and Regulations: Specific rules applicable to the property or compound
8. Required Permits and Certificates: Copies of relevant permits and certificates required by Saudi authorities
Authors
Real Estate
Residential Property
Commercial Property
Property Management
Legal Services
Islamic Finance
Housing
Retail
Office Space
Student Accommodation
Legal
Real Estate
Property Management
Compliance
Risk Management
Facilities
Housing Administration
Tenant Relations
Contract Administration
Islamic Finance
Real Estate Manager
Property Manager
Legal Counsel
Leasing Manager
Compliance Officer
Housing Director
Tenant Relations Manager
Contract Administrator
Real Estate Agent
Facilities Manager
Risk Manager
Student Housing Coordinator
Corporate Housing Manager
Islamic Finance Advisor
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