Legal & Regulatory
Contract Novation
Replacing one contract party with new one by all parties' consent, voiding old contract and creating new, common in lease transfers.
In Other Languages
Arabic
تجديد العقد بطرف
استبدال أحد أطراف العقد بطرف جديد بموافقة الجميع، يلغي العقد القديم وينشئ جديداً، شائع في نقل الإيجار.
English
Contract Novation
Replacing one contract party with new one by all parties' consent, voiding old contract and creating new, common in lease transfers.
Turkish
Sözleşme Yenileme (Borç Aktarımı)
Tüm tarafların rızasıyla bir sözleşme tarafının yenisiyle değiştirilmesi; eski sözleşmeyi geçersiz kılar ve yenisini oluşturur, kira aktarımlarında yaygındır.
Related Terms
Contract Amendment
Making changes to existing lease terms by mutual agreement, such as modifying rent or adding clauses, processed through Ejar platform.
Subletting
When tenant rents the leased property to third party, requiring landlord's written consent, prohibited under Saudi law without permission.