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Lease Renewal Addendum Template for Saudi Arabia

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Key Requirements PROMPT example:

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."

Document background
The Lease Renewal Addendum is a critical document used in Saudi Arabia when parties wish to extend an existing lease agreement beyond its original term. It serves as a formal modification to the original lease, documenting the renewal period, any changes in rent, and other updated terms while maintaining compliance with Saudi law and Shariah principles. This document is essential for both residential and commercial properties registered under the Ejar system and ensures proper documentation of the continuing landlord-tenant relationship. The addendum must reflect any new regulatory requirements implemented since the original lease signing and can include modifications to align with current market conditions or party requirements. Used primarily when both parties agree to continue their lease relationship, this document provides a streamlined alternative to creating an entirely new lease agreement.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

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Relevant Industries

Commercial Real Estate

Residential Real Estate

Retail

Industrial

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Mixed-use Development

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Legal

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Finance

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Administrative

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Relevant Roles

Property Manager

Real Estate Manager

Facility Manager

Legal Counsel

Real Estate Attorney

Leasing Manager

Asset Manager

Operations Manager

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Compliance Officer

Real Estate Agent

Property Administrator

Finance Manager

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Housing Manager

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