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Termination Of Contract Of Lease Letter

Termination Of Contract Of Lease Letter Template for Saudi Arabia

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Key Requirements PROMPT example:

Termination Of Contract Of Lease Letter

"I need a Termination of Contract of Lease Letter for my commercial property in Riyadh, Saudi Arabia, with the lease ending on March 31, 2025, including specific requirements for property restoration and utility bill settlements."

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Document background
The Termination Of Contract Of Lease Letter is a crucial document used in Saudi Arabia when either party wishes to end a lease agreement, whether at its natural conclusion or prematurely. It must comply with Saudi Arabian civil law, Sharia principles, and the regulations of the Ejar rental services platform. This document is essential for properly documenting the termination process, protecting both parties' rights, and ensuring a smooth transition of property possession. It includes specific details about the property, parties involved, termination date, handover procedures, and final settlement terms. The letter serves as official documentation for legal and administrative purposes, including updates to the Ejar system and municipal records. Its format and content are designed to meet local legal requirements while providing clear communication between parties regarding the termination of their lease relationship.
Suggested Sections

1. Letter Header and Date: Formal letter heading including sender's details, recipient's details, and date in both Gregorian and Hijri calendars

2. Reference Details: Original lease agreement details including date, property address, and any registration numbers from Ejar platform

3. Subject Line: Clear indication that this is a lease termination notice

4. Termination Statement: Clear and unambiguous statement of intent to terminate the lease, citing the specific termination date

5. Legal Basis: Reference to the relevant clause in the original lease agreement or applicable law that permits the termination

6. Property Handover: Specified date and process for property inspection and key handover

7. Final Settlement: Details of any outstanding payments, security deposit return, or utility bill settlements

8. Closing: Formal closing statement, signature block, and contact information for further communication

Optional Sections

1. Reason for Termination: Include when termination is due to specific breach or circumstances that need to be documented

2. Renovation Requirements: Include when there are specific requirements for property restoration before handover

3. Early Termination Penalties: Include when the termination occurs before the lease's natural end and involves penalty payments

4. Mutual Agreement Statement: Include when termination is by mutual consent of both parties

5. Third Party Notifications: Include when there are requirements to notify utility companies, municipality, or Ejar platform

Suggested Schedules

1. Property Condition Report: Template or checklist for documenting the property's condition at termination

2. Outstanding Payments Schedule: Detailed list of any pending payments or adjustments

3. Utility Account Details: List of utility accounts that need to be closed or transferred

4. Handover Checklist: List of items to be returned (keys, access cards, etc.) and their current status

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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Property Manager

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Industries






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