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The Lease Transfer Agreement is a crucial document used in Saudi Arabia when an existing tenant wishes to transfer their lease obligations and rights to a new tenant. This document is essential for ensuring compliance with Saudi Arabian real estate laws, including the Saudi Lease Law (Royal Decree No. M/61) and registration requirements under the Ejar system. The agreement is commonly used in both commercial and residential contexts when tenants need to exit their lease obligations early while providing a replacement tenant. It protects all parties' interests by clearly documenting the transfer terms, obtaining necessary landlord consent, and ensuring proper registration with authorities. The document includes comprehensive details about the property, original lease terms, payment arrangements, and specific obligations being transferred, while maintaining compliance with Sharia principles that underpin Saudi Arabian law.

1. Parties: Identification of all parties: Original Lessee (Transferor), New Lessee (Transferee), and Landlord

2. Background: Details of the original lease agreement, property description, and context for the transfer

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

4. Transfer of Lease: Core provisions detailing the transfer of rights and obligations from Transferor to Transferee

5. Consent of Landlord: Express consent of the landlord to the transfer as required under Saudi law

6. Effective Date: Specification of when the transfer takes effect

7. Representations and Warranties: Statements of fact and assurances from both Transferor and Transferee

8. Obligations and Liabilities: Distribution of responsibilities between parties, including outstanding obligations

9. Rent and Security Deposit: Details of rent payments and handling of security deposit transfer

10. Registration and Documentation: Requirements for registering the transfer with relevant authorities including Ejar system

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction

12. Notices: Process for formal communications between parties

13. Execution: Signature requirements and execution process