Verified Legal Answer Saudi Law 🇸🇦 العربية

When must the lessor in a financing lease agreement transfer ownership of the leased asset to the lessee?

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Radiif AI Legal Assistant

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The lessor must transfer ownership of the leased asset to the lessee if it is proven that the lessee has paid the full sale price agreed upon in the contract.

The lessor must transfer ownership of the leased asset to the lessee if it is proven that the lessee has paid the full sale price agreed upon in the contract.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

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Saudi Law - Article

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