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Lease Renewal Addendum
"I need a Lease Renewal Addendum for a residential apartment in Riyadh, extending the current lease for 12 months from March 1, 2025, with a 5% rent increase and updated Ejar registration requirements."
1. Parties: Identification of the landlord and tenant, including their full legal names, addresses, and any registration numbers as required by Saudi law
2. Background: Reference to the original lease agreement, including its date, property details, and confirmation that this is an addendum to that agreement
3. Definitions: Key terms used in the addendum, including references to defined terms from the original lease that remain applicable
4. Term of Renewal: Specific details of the renewal period, including start and end dates of the renewed term
5. Rent and Payment Terms: Confirmation or modification of rent amount, payment schedule, and payment methods compliant with Saudi banking regulations
6. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
7. Governing Law: Confirmation that the addendum is governed by Saudi law and Shariah principles
8. Execution: Signature blocks for all parties, including spaces for witnesses as required under Saudi law
1. Modified Terms: Section detailing any specific changes to the original lease terms, used when terms beyond basic renewal and rent are being modified
2. Additional Services: Details of any new services or facilities being added to the lease arrangement, used when the renewal includes expanded services
3. Maintenance Responsibilities: Clarification of maintenance obligations if different from original lease, used when maintenance terms are being modified
4. Security Deposit Adjustment: Details of any changes to the security deposit amount or terms, used when security deposit terms are being modified
5. Insurance Requirements: Updated insurance requirements if different from original lease, used when insurance terms need modification
6. Ejar Registration: Specific provisions regarding registration on the Ejar platform, used when the property requires new or updated registration
1. Schedule 1 - Original Lease: Copy or reference to the original lease agreement being renewed
2. Schedule 2 - Modified Terms Schedule: Detailed listing of any modified terms, including comparison between original and new terms
3. Schedule 3 - Property Condition Report: Updated condition report of the property at the time of renewal, if required
4. Appendix A - Required Regulatory Documents: Copies of any required regulatory documents, such as Ejar registration or municipal approvals
Authors
Commercial Real Estate
Residential Real Estate
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Warehousing
Mixed-use Development
Legal
Real Estate
Property Management
Operations
Facilities
Finance
Compliance
Administrative
Asset Management
Contract Management
Property Manager
Real Estate Manager
Facility Manager
Legal Counsel
Real Estate Attorney
Leasing Manager
Asset Manager
Operations Manager
Contract Administrator
Compliance Officer
Real Estate Agent
Property Administrator
Finance Manager
Commercial Director
Housing Manager
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