Company Lease Agreement

Company Lease Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need a Company Lease Agreement for a technology startup leasing two floors in a Dubai commercial building, with specific provisions for server room installation and 24/7 access, starting March 1, 2025."

Document background

The Company Lease Agreement is essential for businesses operating in the UAE seeking to lease commercial premises. This document is specifically structured to comply with UAE Federal Laws and emirate-specific regulations, making it suitable for use across all emirates while allowing for local requirements. It's particularly relevant in the UAE's dynamic business environment where commercial property leasing is a crucial aspect of business establishment and expansion. The agreement covers all necessary aspects required by UAE law, including detailed premises specifications, payment terms, maintenance responsibilities, and compliance with local licensing requirements. It's designed to protect both landlord and tenant interests while ensuring adherence to local commercial property regulations and registration requirements.

Suggested Sections

1. Parties: Identification of landlord and tenant with full legal names, trade license details, and authorized signatories

2. Background: Context of the lease agreement and brief description of the property and intended use

3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation

4. Demised Premises: Detailed description of the leased property including location, size, and included facilities

5. Term and Renewal: Duration of lease, commencement date, and renewal provisions

6. Rent and Payment Terms: Rent amount, payment schedule, security deposit, and method of payment

7. Service Charges and Utilities: Additional charges, maintenance fees, and utility responsibilities

8. Use of Premises: Permitted use of property and any restrictions

9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

10. Alterations and Improvements: Rules regarding modifications to the premises

11. Insurance: Required insurance coverage for both parties

12. Landlord's Covenants: Obligations and warranties of the landlord

13. Tenant's Covenants: Obligations and warranties of the tenant

14. Assignment and Subletting: Rules regarding transfer of lease rights or subletting

15. Termination: Grounds for termination and process

16. Governing Law and Jurisdiction: Applicable UAE laws and jurisdiction for disputes

17. Notices: Method and addresses for official communications

18. Execution: Signature blocks and execution requirements

Optional Sections

1. Force Majeure: Provisions for unforeseen circumstances preventing performance - include if requested by parties or in high-risk situations

2. Break Clause: Early termination options - include if parties want flexibility to end lease early

3. Fit-out Works: Provisions for initial modification work - include if premises require tenant modifications

4. Operating Hours: Specific hours of operation - include for retail or managed building environments

5. Signage Rights: Rules for external and internal signage - include for retail or commercial buildings

6. Parking: Allocation and rules for parking spaces - include if parking is part of the lease

7. Common Areas: Rights and rules regarding shared spaces - include for multi-tenant buildings

8. Environmental Matters: Environmental obligations and restrictions - include for industrial or sensitive uses

Suggested Schedules

1. Schedule 1 - Property Plan: Detailed floor plan and measurements of the leased premises

2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included in the lease

3. Schedule 3 - Service Charges: Breakdown of service charges and calculation method

4. Schedule 4 - Building Rules: Specific rules and regulations for the building or complex

5. Schedule 5 - Fit-out Guidelines: Technical specifications for permitted alterations and improvements

6. Schedule 6 - Handover Protocol: Condition report and handover procedures

7. Appendix A - Required Licenses: List of mandatory licenses and permits for operation

8. Appendix B - Insurance Requirements: Detailed insurance specifications required by both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Retail

Manufacturing

Professional Services

Healthcare

Technology

Hospitality

Education

Financial Services

Logistics

Industrial

Media and Entertainment

Construction

Trading

Relevant Teams

Legal

Finance

Operations

Facilities Management

Real Estate

Administration

Compliance

Risk Management

Corporate Services

Procurement

Business Development

Relevant Roles

Real Estate Manager

Facilities Manager

Legal Counsel

Chief Financial Officer

Operations Director

Property Manager

Compliance Officer

Commercial Director

Business Development Manager

Administrative Manager

Corporate Services Manager

Risk Manager

Chief Executive Officer

Procurement Manager

Asset Manager

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Authors

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