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The Commercial Property Tenancy Agreement is a crucial document used when establishing a formal lease relationship between a property owner and a business tenant in Saudi Arabia. This agreement is essential for any business seeking to lease commercial space and must comply with Saudi Arabian property law, commercial regulations, and Sharia principles. The document covers all aspects of the commercial tenancy, including financial terms, operational guidelines, maintenance responsibilities, and regulatory compliance requirements. It is particularly important in the Saudi Arabian context due to specific local requirements for commercial property usage, business licensing, and property registration. The agreement serves as a comprehensive legal framework that protects both landlord and tenant interests while ensuring adherence to local commercial property regulations.

1. Parties: Identification of the Landlord and Tenant with full legal names, commercial registration numbers, and authorized representatives

2. Background: Brief context of the agreement and property ownership status

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Detailed description of the leased premises, including location, size, and permitted use

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

6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences

7. Security Deposit: Amount, terms, and conditions for the security deposit

8. Utilities and Services: Responsibility for utilities, maintenance, and building services

9. Tenant's Obligations: Comprehensive list of tenant responsibilities including maintenance, repairs, and compliance with regulations

10. Landlord's Obligations: Comprehensive list of landlord responsibilities and services to be provided

11. Insurance Requirements: Required insurance coverage for both parties

12. Assignment and Subletting: Terms and conditions for transferring or subletting the premises

13. Alterations and Improvements: Rules regarding modifications to the premises

14. Default and Remedies: Events of default and corresponding remedies for both parties

15. Termination: Conditions and procedures for early termination

16. Governing Law and Jurisdiction: Specification of Saudi law application and dispute resolution procedures

17. Notices: Method and addresses for official communications

18. Execution: Signature blocks and attestation requirements