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The Early Termination of Rental Agreement is a crucial legal document used in Saudi Arabia when parties need to formally end a lease agreement before its scheduled expiration date. This document becomes necessary in various situations, such as tenant relocation, property sale, or mutual agreement to end the lease early. It must comply with Saudi Arabian rental laws and regulations, including recent reforms under Vision 2030 and the Ejar platform requirements. The agreement typically includes detailed provisions for notice periods, financial settlements, property handover procedures, and mutual releases. It serves to protect both landlord and tenant interests by clearly documenting the termination terms, preventing future disputes, and ensuring all parties understand their rights and obligations during the termination process.

1. Parties: Identification of the Landlord and Tenant, including full legal names, national ID numbers/CR numbers, and contact details

2. Background: Brief overview of the existing rental agreement, including its date, property details, and the reason for early termination

3. Definitions: Key terms used in the agreement including 'Termination Date', 'Outstanding Rent', 'Security Deposit', and other relevant terms

4. Termination Date: Specific date when the tenancy will end and handover of property will occur

5. Notice Period: Confirmation of the notice period being given and compliance with legal requirements

6. Outstanding Payments: Details of any rent, utilities, or other charges due up to the termination date

7. Security Deposit: Arrangements for the inspection of the property and return of the security deposit

8. Handover Procedures: Process for returning keys, conducting final inspection, and documenting property condition

9. Mutual Release: Statement releasing both parties from future obligations under the original lease, subject to completion of termination conditions

10. Governing Law: Confirmation that the agreement is governed by Saudi Arabian law

11. Execution: Signature blocks for all parties and witnesses as required under Saudi law