��������Ƶ

The Cancellation Of Rental Agreement is a crucial document used in Saudi Arabia when parties mutually agree to terminate a lease before its scheduled end date, or when termination occurs under specific conditions outlined in the original lease agreement. This document is essential for properly documenting the termination process in compliance with Saudi Tenancy Law, Shariah principles, and the Ejar system requirements. It protects both parties' interests by clearly stating the termination terms, financial settlements, property handover requirements, and mutual releases. The document becomes particularly important in the Saudi Arabian context where formal documentation of property transactions is strictly regulated and must adhere to both civil law and Islamic principles. It should be registered with relevant authorities and may be required for future property transactions or dispute resolution.

1. Parties: Identification of the Landlord and Tenant with full legal names, addresses, and ID/registration numbers as per Saudi requirements

2. Background: Reference to the original lease agreement, including its date, property details, and registration number in the Ejar system

3. Definitions: Key terms used in the agreement including Property, Original Lease Agreement, Termination Date, and Settlement Amount

4. Mutual Agreement to Terminate: Clear statement of both parties' agreement to terminate the lease, specifying the effective termination date

5. Property Inspection and Condition: Statement regarding the condition of the property and any damage assessment

6. Financial Settlement: Details of any outstanding rent, utility bills, maintenance costs, and security deposit refund

7. Handover Process: Specific arrangements for returning keys and vacating the property

8. Release of Obligations: Mutual release from future obligations under the original lease agreement

9. Governing Law: Confirmation that the agreement is governed by Saudi law and Shariah principles