End Of Rental Agreement

End Of Rental Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

"I need an End of Rental Agreement for a residential property in Riyadh, with a termination date of March 15, 2025, including standard inspection requirements and utility transfer provisions for a 3-bedroom apartment."

Document background

The End of Rental Agreement is a crucial legal document used in Saudi Arabia when formally concluding a rental relationship between landlord and tenant. It complies with Saudi Arabian law, including recent rental regulations and the Ejar system requirements, while adhering to Shariah principles. This document is essential when a fixed-term tenancy is coming to an end, when parties mutually agree to terminate early, or when termination occurs under specific circumstances outlined in the original lease. It covers critical elements including final property inspection, security deposit settlement, outstanding payments, utility account closures, and the formal handover process. The agreement provides legal certainty for both parties by documenting the termination conditions and ensuring all obligations are properly discharged under Saudi jurisdiction.

Suggested Sections

1. Parties: Identification of the Landlord and Tenant with full legal names and contact details

2. Background: Brief overview of the original rental agreement, its term, and the reason for termination

3. Definitions: Key terms used in the agreement including Property, Termination Date, Original Agreement, etc.

4. Termination Date: Specific date when the rental agreement will be terminated and keys must be handed over

5. Property Inspection: Terms for final property inspection and assessment of any damages

6. Security Deposit Settlement: Terms for the return or withholding of security deposit, including deductions if any

7. Outstanding Payments: Settlement of any remaining rent, utility bills, or other charges

8. Handover Requirements: Specific requirements for returning keys, access cards, and the condition the property must be in

9. Release of Obligations: Mutual release of future obligations under the original rental agreement

10. Governing Law: Confirmation that the agreement is governed by Saudi law and Shariah principles

Optional Sections

1. Maintenance and Repairs: Include when specific repairs or maintenance work needs to be completed before termination

2. Forwarding Address: Include when tenant needs to provide a forwarding address for future correspondence

3. Early Termination Fees: Include when the agreement is being terminated before the original end date

4. Property Modifications: Include when there are specific requirements about restoring any modifications made to the property

5. Utility Transfer: Include when there are specific requirements for transferring or closing utility accounts

6. Storage of Abandoned Property: Include when addressing the handling of any items left behind by the tenant

Suggested Schedules

1. Schedule 1 - Property Inspection Report: Detailed checklist and report of the property's condition at termination

2. Schedule 2 - Outstanding Payments Schedule: Detailed breakdown of any outstanding payments or deductions

3. Schedule 3 - Photographic Evidence: Photos documenting the condition of the property at termination

4. Schedule 4 - Utility Readings: Final readings for all utility meters

5. Appendix A - Original Rental Agreement: Copy of the original rental agreement being terminated

6. Appendix B - Handover Checklist: Checklist of items to be returned and tasks to be completed for proper handover

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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