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Office Sublease Agreement
"I need an Office Sublease Agreement under Saudi law for subletting 500 square meters of Grade A office space in Riyadh to a technology company, starting March 1, 2025, with an initial term of 3 years and an option to renew for 2 additional years."
1. Parties: Identification of the sublandlord, subtenant, and acknowledgment of the primary landlord
2. Background: Context of the sublease, including reference to the master lease and sublease authority
3. Definitions: Key terms used throughout the agreement, including Arabic legal terms where relevant
4. Demised Premises: Detailed description of the subleased space and common areas access
5. Term and Renewal: Duration of sublease, commencement date, and any renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment compliant with Islamic finance principles
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Permitted Use: Specified business activities allowed in the premises
9. Maintenance and Repairs: Responsibilities of each party for maintenance, repairs, and improvements
10. Utilities and Services: Allocation of responsibility for utilities, services, and related costs
11. Insurance: Required insurance coverage and responsibilities of the subtenant
12. Compliance with Laws: Obligation to comply with Saudi laws, regulations, and Shariah principles
13. Assignment and Subletting: Restrictions on further subletting or assignment
14. Default and Remedies: Events of default and available remedies under Saudi law
15. Termination: Conditions and procedures for early termination
16. Governing Law and Jurisdiction: Application of Saudi law and jurisdiction of Saudi courts
1. Fit-out Works: Include when subtenant is permitted to perform initial modifications to the space
2. Service Charge: Include when there are additional building service charges to be paid
3. Parking: Include when specific parking rights are being granted
4. Signage Rights: Include when subtenant has rights to install exterior or interior signage
5. Break Option: Include when either party has the right to terminate early under specific conditions
6. Force Majeure: Include specific provisions for unforeseen events affecting performance
7. Environmental Matters: Include when premises have specific environmental requirements or concerns
8. VAT Treatment: Include detailed VAT provisions when applicable to the transaction
1. Floor Plan: Detailed plan showing the subleased premises and common areas
2. Master Lease Terms: Relevant provisions from the master lease that affect the sublease
3. Inventory: List of any furniture, fixtures, or equipment included in the sublease
4. Service Level Agreement: Details of any services provided by sublandlord
5. Building Rules and Regulations: Specific rules and regulations for the building
6. Fit-out Guidelines: Technical specifications and requirements for any permitted modifications
7. Handover Protocol: Condition report and handover procedures for the premises
8. Required Permits: List of necessary governmental and regulatory permits for occupation
Authors
Real Estate
Commercial Property
Professional Services
Financial Services
Technology
Consulting
Healthcare
Legal Services
Education
Retail Corporate Offices
Manufacturing Corporate Offices
Media and Communications
Legal
Real Estate
Facilities Management
Finance
Operations
Administration
Compliance
Risk Management
Corporate Services
Property Management
Real Estate Manager
Facilities Manager
Legal Counsel
Chief Financial Officer
Operations Director
Property Manager
Office Manager
Compliance Officer
Commercial Director
Business Development Manager
Administrative Manager
Corporate Services Manager
Space Planning Manager
Risk Manager
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