| Release Date: | 1434-04-14 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 1/m sh t |
| Validity: | Valid |
| Date of last amendment: | 1442-04-11 |
| Summary: | By AI The Implementing Regulation of the Leasing System in the Kingdom addresses definitions and general provisions related to this activity, which requires certain conditions for the lessor. The regulation allows the lessee to waive the contract with the lessor's consent, while the lessor can waive their rights without the lessee's consent. The contract must include means of disclosing the asset and its timing, and the lessee has the right to take measures to protect the asset in case of obstacles. A... |