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Commercial Lease Contract
"I need a Commercial Lease Contract for a retail space in Riyadh's King Abdullah Financial District, starting March 1, 2025, with specific provisions for 24/7 operation and installation of specialized security systems for a high-end jewelry store."
1. Parties: Identification of the landlord and tenant, including full legal names, commercial registration numbers, and authorized representatives
2. Background: Context of the lease agreement and brief description of the property and intended commercial use
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased premises, including location, size, and boundaries
5. Lease Term: Duration of the lease, commencement date, and expiry date
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and payment methods
7. Permitted Use: Specified commercial activities allowed in the premises
8. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
9. Utilities and Services: Provisions regarding utility connections, payments, and service responsibilities
10. Insurance Requirements: Required insurance coverage for both parties
11. Alterations and Improvements: Rules regarding modifications to the premises
12. Assignment and Subletting: Conditions under which the tenant may assign or sublet the premises
13. Termination: Conditions and procedures for early termination
14. Default and Remedies: Events of default and available remedies for both parties
15. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanisms
16. Notices: Methods and addresses for official communications between parties
17. Execution: Signature blocks and execution requirements
1. Force Majeure: Provisions for unforeseen circumstances preventing contract performance
2. Parking: Specific provisions regarding parking spaces if applicable to the property
3. Common Areas: Rules and cost sharing for common areas in multi-tenant buildings
4. Signage Rights: Provisions regarding external and internal signage installation
5. Environmental Compliance: Special environmental requirements for specific industries
6. Operating Hours: Restrictions or requirements regarding business hours
7. Security Provisions: Additional security requirements for high-value or sensitive properties
8. Fit-out Period: Terms for initial renovation period before lease commencement
9. Option to Renew: Terms for lease renewal if offered
10. Right of First Refusal: Tenant's rights regarding adjacent space or property purchase
1. Schedule 1 - Floor Plans: Detailed plans showing the leased area and measurements
2. Schedule 2 - Property Condition Report: Detailed assessment of property condition at lease commencement
3. Schedule 3 - Rent Payment Schedule: Detailed breakdown of rent payments and escalations
4. Schedule 4 - Building Rules and Regulations: Specific rules governing the use of the building
5. Schedule 5 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities
6. Schedule 6 - Permitted Alterations: Pre-approved alterations or improvements
7. Schedule 7 - Service Charges: Breakdown of service charges and calculation method
8. Appendix A - Required Permits and Licenses: List of necessary governmental permits for operation
9. Appendix B - Insurance Requirements: Detailed insurance specifications and coverage requirements
10. Appendix C - Handover Protocol: Procedures and checklist for property handover
Authors
Retail
Office Space
Industrial
Warehousing
Hospitality
Healthcare
Education
Technology
Manufacturing
Professional Services
Financial Services
Food and Beverage
Entertainment
Logistics
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Property Management
Business Development
Administrative
Procurement
Real Estate Manager
Facilities Manager
Property Manager
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Business Development Manager
Compliance Officer
Risk Manager
Asset Manager
Leasing Manager
Contract Administrator
General Manager
Chief Executive Officer
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