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Non Exclusive Lease Agreement

Non Exclusive Lease Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Non Exclusive Lease Agreement

"Need a Non-Exclusive Lease Agreement for a commercial office space in Riyadh starting March 2025, with shared facilities and the option to sublease portions of the space to other technology companies."

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Document background
The Non-Exclusive Lease Agreement serves as a fundamental legal instrument in Saudi Arabia's real estate sector, essential for businesses and individuals seeking to lease property while maintaining flexibility in property usage and management. This document is particularly relevant in the context of Saudi Arabia's evolving real estate landscape and Vision 2030 initiatives, requiring compliance with both Sharia Law principles and modern commercial practices. It provides comprehensive coverage of lease terms, rights, and obligations while ensuring alignment with Saudi legal requirements, including registration through the Ejar system where applicable. The agreement is designed to protect both lessor and lessee interests while maintaining the non-exclusive nature of the arrangement, allowing the property owner to retain certain rights or grant similar rights to others as permitted by law.
Suggested Sections

1. Parties: Identification of lessor and lessee with full legal names, addresses, and registration details as required by Saudi law

2. Background: Context of the lease arrangement and brief description of the property and intended use

3. Definitions: Key terms used throughout the agreement, including Arabic legal terms where relevant

4. Property Description: Detailed description of the leased premises, including location, size, and boundaries as per official documentation

5. Term and Renewal: Duration of lease, commencement date, expiry date, and renewal provisions

6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and any escalation provisions

7. Security Deposit: Amount, payment terms, conditions for return, and permitted deductions

8. Use of Property: Permitted uses, restrictions, and compliance with Sharia principles and local regulations

9. Maintenance and Repairs: Responsibilities of both parties for maintenance, repairs, and improvements

10. Utilities and Services: Responsibility for utility connections, payments, and service charges

11. Insurance: Required insurance coverage and responsibilities of each party

12. Default and Remedies: Events of default, cure periods, and available remedies under Saudi law

13. Termination: Grounds for termination, notice requirements, and consequences

14. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction

15. Notices: Method and addresses for official communications between parties

Optional Sections

1. Shared Facilities: Terms for use of common areas and facilities, applicable for properties in multi-tenant buildings

2. Alterations and Improvements: Provisions for modifications to the property, needed if tenant requires specific fit-out rights

3. Assignment and Subletting: Rights and restrictions regarding transfer of lease rights, if permitted

4. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term leases

5. Environmental Compliance: Special provisions for properties where environmental regulations are significant

6. Operating Hours: Specific provisions for commercial properties regarding business hours and access

7. Signage Rights: Terms for installation and maintenance of signs, relevant for commercial properties

8. Parking: Specific provisions for parking rights and restrictions, if applicable

9. Guarantees: Additional security provisions when required by lessor

10. Ejar Registration: Specific provisions regarding registration on the Ejar platform, if applicable to the property type

Suggested Schedules

1. Property Floor Plan: Detailed floor plan and measurements of the leased premises

2. Inventory List: List of any furniture, fixtures, or equipment included in the lease

3. Service Charges Breakdown: Detailed breakdown of service charges and calculation method

4. Maintenance Schedule: Schedule of regular maintenance responsibilities and frequencies

5. Handover Protocol: Condition report and handover procedures at start and end of lease

6. Permitted Alterations: Pre-approved alterations or improvements if applicable

7. Property Title Documents: Copies of relevant property ownership and registration documents

8. Building Rules and Regulations: Applicable building rules and regulations for multi-tenant properties

9. Insurance Requirements: Detailed insurance requirements and minimum coverage levels

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 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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Relevant Industries

Real Estate

Retail

Commercial Office

Industrial

Hospitality

Healthcare

Education

Logistics

Manufacturing

Professional Services

Technology

Financial Services

Telecommunications

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Procurement

Compliance

Risk Management

Business Development

Corporate Services

Property Management

Asset Management

Relevant Roles

Real Estate Manager

Property Manager

Facilities Manager

Legal Counsel

Commercial Director

Operations Manager

Chief Financial Officer

Procurement Manager

Compliance Officer

Risk Manager

Business Development Manager

Asset Manager

General Counsel

Regional Director

Contract Administrator

Corporate Services Manager

Real Estate Director

Leasing Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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