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1. Parties: Identification of the Seller (temporary occupant) and Buyer (temporary landlord), including full legal names and contact details
2. Background: Context of the agreement, including reference to the main sale transaction and reason for post-closing occupancy
3. Definitions: Key terms used throughout the agreement, including Property, Occupancy Period, Compensation, and other relevant definitions
4. Term of Occupancy: Specific start and end dates of the post-closing occupancy period
5. Occupancy Fee and Security Deposit: Details of daily/monthly occupancy fee, payment terms, and security deposit arrangements
6. Utilities and Maintenance: Responsibility for utilities, maintenance, and repairs during the occupancy period
7. Insurance and Liability: Required insurance coverage and allocation of liability during the occupancy period
8. Use of Property: Permitted use of the property and any restrictions during the occupancy period
9. Property Condition: Requirements for maintaining the property condition and documentation of existing condition
10. Access Rights: Buyer's rights to access the property during the occupancy period
11. Default and Remedies: Consequences of default and available remedies for both parties
12. Termination: Grounds for early termination and the process for ending the agreement
13. Governing Law: Specification of Saudi Arabian law as governing law and reference to Sharia compliance
14. Dispute Resolution: Process for resolving disputes, including jurisdiction and venue
15. Notices: Method and addresses for formal communications between parties
16. Execution: Signature blocks and execution requirements
1. Holdover Provisions: Additional terms that apply if the Seller remains in possession beyond the agreed occupancy period
2. Property Management: Terms regarding property management if a third-party manager is involved
3. Moving Arrangements: Specific provisions regarding moving logistics and timing, if needed
4. Special Conditions: Any unique circumstances or requirements specific to the property or parties
5. Force Majeure: Provisions for unforeseen circumstances preventing compliance with the agreement
6. Assignment and Subletting: Terms regarding whether the Seller can assign or sublet during the occupancy period
7. Pets and Animals: Specific provisions regarding pets if relevant to the situation
8. Cultural Considerations: Specific provisions addressing local Saudi customs or requirements
1. Schedule 1 - Property Description: Detailed description of the property including address and any included/excluded items
2. Schedule 2 - Payment Schedule: Detailed breakdown of occupancy fees, security deposit, and other financial terms
3. Schedule 3 - Property Condition Report: Detailed documentation of property condition at the start of occupancy
4. Schedule 4 - Insurance Requirements: Specific insurance requirements and minimum coverage amounts
5. Schedule 5 - Move-out Inspection Checklist: Criteria for final inspection and return of security deposit
6. Appendix A - Related Sale Agreement Reference: Key details from the main sale agreement affecting the occupancy
7. Appendix B - Utility Transfer Forms: Forms and procedures for handling utility responsibilities
8. Appendix C - Emergency Contact Information: List of emergency contacts and important service providers
Real Estate
Residential Property
Commercial Property
Construction
Property Development
Property Investment
Banking & Finance
Legal Services
Property Management
Legal
Real Estate
Compliance
Risk Management
Property Management
Contracts Administration
Corporate Affairs
Operations
Transaction Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Contract Manager
Real Estate Developer
Transaction Coordinator
Property Administrator
Risk Manager
Legal Director
Real Estate Investment Manager
Corporate Counsel
Closing Coordinator
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