Document background
The Leasing Agency Agreement is essential for property owners seeking to delegate their property leasing activities to professional agents in Saudi Arabia. This document is commonly used when property owners require expertise in marketing, tenant sourcing, and lease negotiation, particularly for commercial, residential, or mixed-use properties. The agreement must comply with Saudi Arabian Commercial Agencies Law, Real Estate regulations, and Sharia principles, making it distinct from similar agreements in other jurisdictions. It typically includes comprehensive provisions for agent responsibilities, commission structures, compliance requirements, and risk allocation, while incorporating specific local regulatory requirements such as agent licensing and registration. The document is particularly relevant for both individual property owners and corporate entities managing multiple properties, providing a clear framework for the agency relationship and protecting both parties' interests under Saudi law.
