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Tenancy Agreement With Guarantor
"I need a Tenancy Agreement with Guarantor for a luxury residential property in Riyadh, Saudi Arabia, with a corporate guarantor and specific provisions for diplomatic tenants, including quarterly rent payments and enhanced security measures."
1. Parties: Identification of the Landlord, Tenant, and Guarantor with full legal names and contact details
2. Background: Context of the agreement including property overview and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of the lease and specification of the property being leased
5. Term and Renewal: Duration of the lease and conditions for renewal
6. Rent and Payment Terms: Rent amount, payment schedule, and method of payment
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Guarantor's Obligations: Scope and extent of guarantor's liability and responsibilities
9. Tenant's Obligations: Comprehensive list of tenant responsibilities including maintenance, use restrictions, and compliance requirements
10. Landlord's Obligations: Landlord's responsibilities including maintenance, services, and property access
11. Insurance: Required insurance coverage for both parties
12. Utilities and Services: Responsibility for utilities, services, and related charges
13. Maintenance and Repairs: Detailed responsibilities for property maintenance and repair procedures
14. Default and Remedies: Events of default and available remedies for all parties
15. Termination: Grounds and procedures for early termination
16. Notices: Process and requirements for formal communications between parties
17. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
1. Shariah Compliance Declaration: Statement confirming the agreement's compliance with Islamic principles - used when explicitly required by parties
2. Property Management: Additional terms when property is managed by a third-party company
3. Fit-out Works: Terms governing any modifications or improvements to be made by tenant - used for commercial properties or when significant modifications are planned
4. Break Clause: Terms allowing early termination under specific conditions - included when parties agree to this flexibility
5. Sub-letting: Terms governing the ability to sub-let the property - included when sub-letting is permitted
6. Force Majeure: Provisions for unforeseen circumstances preventing contract performance
7. Special Conditions: Any unique terms specific to the particular tenancy arrangement
1. Schedule 1 - Property Description: Detailed description of the property including floor plans and boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and furnishings included in the lease
3. Schedule 3 - Service Charges: Breakdown of service charges and calculation method
4. Schedule 4 - Building Rules: Specific rules and regulations for the property or building
5. Schedule 5 - Guarantor's Details: Complete information about the guarantor including financial status and verification documents
6. Schedule 6 - Condition Report: Detailed report on the condition of the property at the start of the tenancy
7. Appendix A - Required Permits: Copies of necessary permits and certifications
8. Appendix B - Payment Schedule: Detailed breakdown of payment dates and amounts
Authors
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial
Education
Healthcare
Professional Services
Legal
Real Estate
Facilities Management
Operations
Risk Management
Compliance
Property Management
Asset Management
Administrative Services
Corporate Services
Property Manager
Real Estate Agent
Leasing Manager
Legal Counsel
Facilities Manager
Asset Manager
Business Owner
Corporate Housing Manager
Property Administrator
Tenant Relations Manager
Risk Manager
Compliance Officer
Real Estate Director
Operations Manager
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