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The Commercial Property Lease Agreement is a fundamental legal instrument used in Saudi Arabia's commercial real estate sector to formalize the relationship between property owners and business tenants. This document is essential when a commercial property owner wishes to lease their property for business purposes, whether for retail, office, industrial, or other commercial uses. The agreement must comply with Saudi Arabian law, including Shariah principles, the Saudi Real Estate General Authority regulations, and relevant municipal requirements. It typically includes comprehensive provisions covering lease terms, payment structures, maintenance obligations, and dispute resolution mechanisms. The document is particularly important given Saudi Arabia's growing commercial real estate market and the Kingdom's Vision 2030 initiatives encouraging private sector growth. This agreement provides legal protection for both parties while ensuring transparency and clarity in commercial property transactions.

1. Parties: Identification of lessor and lessee with full legal names, commercial registration numbers, and authorized representatives

2. Background: Context of the lease agreement including property details and intended commercial use

3. Definitions: Key terms used throughout the agreement including Arabic/English translations where necessary

4. Demised Premises: Detailed description of the leased property including boundaries, area, and permitted uses

5. Lease Term: Duration of lease, commencement date, and renewal provisions

6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and method of payment

7. Utilities and Services: Responsibility for utilities, service charges, and maintenance fees

8. Use of Premises: Permitted commercial activities and restrictions on use

9. Maintenance and Repairs: Responsibilities of each party for maintenance, repairs, and improvements

10. Insurance and Liability: Required insurance coverage and allocation of risks

11. Alterations and Improvements: Procedures for making changes to the premises and ownership of improvements

12. Assignment and Subletting: Rights and restrictions regarding transfer of lease rights

13. Termination: Grounds for termination and procedures

14. Force Majeure: Provisions for unforeseen circumstances affecting lease performance

15. Governing Law and Jurisdiction: Application of Saudi law and dispute resolution procedures

16. Notices: Communication procedures between parties

17. Entire Agreement: Integration clause and relationship to other documents