Alqanoni

Article Six

Art. Six
Status unknownSaudi ArabiaRegulation

Issued by Saudi Central Bank (SAMA) Rulebook

1. The Lessee shall forthwith notify the Lessor in writing or by an electronic message, of any events in respect of the Leased Asset that entirely or partially fetter quiet enjoyment thereof, using the contact details set out in the Contract and in accordance with applicable notification rules. 2. In the event the Lessor has not removed what totally or partially prevents benefiting of the Leased Asset within the period prescribed in the Contract, the Lessee may take the appropriate measures for the protection of the Leased Asset and the full quiet enjoyment thereof at the Lessor’s expense and deduct the costs of such measures from subsequent lease payments.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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