Condo Lease Agreement

Condo Lease Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need a Condo Lease Agreement for a furnished 2-bedroom apartment in Downtown Dubai, starting January 1, 2025, with a corporate tenant who requires specific provisions for maintenance response times and 24/7 building access for employees."

Document background

The Condo Lease Agreement is a vital legal instrument used in the United Arab Emirates for establishing residential tenancy relationships in condominium properties. This document is essential when leasing apartment units or condominiums in the UAE, whether in Dubai, Abu Dhabi, or other emirates. It must comply with federal laws such as UAE Federal Law No. 26 of 2007 and relevant emirate-specific regulations, including RERA guidelines where applicable. The agreement covers crucial aspects including rent payments, maintenance obligations, security deposits, utility responsibilities, and building rules. A properly structured Condo Lease Agreement helps prevent disputes by clearly defining the rights and obligations of both landlord and tenant, while ensuring compliance with local property laws and regulations. It's particularly important in the UAE market where specific registration requirements and tenant protections must be observed.

Suggested Sections

1. Parties: Identifies and provides full details of the landlord and tenant, including Emirates ID numbers, passport numbers, and contact information

2. Background: Brief context about the property and the parties' intention to enter into a lease agreement

3. Definitions: Defines key terms used throughout the agreement including Property, Commencement Date, Term, Rent, and other relevant terms

4. Property Details: Detailed description of the leased property including unit number, building name, location, and total area

5. Term and Renewal: Specifies the duration of the lease, commencement date, expiry date, and any renewal options

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

7. Service Charges and Utilities: Outlines responsibility for service charges, utility connections, and payments

8. Use of Property: Specifies permitted use of the property and any restrictions

9. Maintenance and Repairs: Defines responsibilities for maintenance, repairs, and improvements

10. Landlord's Obligations: Lists all obligations and responsibilities of the landlord

11. Tenant's Obligations: Lists all obligations and responsibilities of the tenant

12. Insurance: Specifies insurance requirements for both parties

13. Default and Remedies: Outlines events of default and available remedies

14. Termination: Details circumstances and procedures for early termination

15. Notices: Specifies how formal communications between parties should be made

16. Governing Law and Jurisdiction: Confirms UAE law application and jurisdiction for disputes

17. Execution: Signature blocks and execution formalities

Optional Sections

1. Furniture and Appliances: Used when the property is furnished or partially furnished, listing all items included

2. Pets: Include when pets are allowed, specifying conditions and restrictions

3. Subletting and Assignment: Include if subletting or assignment rights are to be granted

4. Parking: Used when parking spaces are included in the lease

5. Building Rules: Include when there are specific building or community rules that need to be incorporated

6. Renovation and Alterations: Include when specific renovation rights or restrictions need to be addressed

7. Force Majeure: Include specific provisions for unforeseen circumstances affecting the lease

8. Property Management: Include when a property management company is involved

Suggested Schedules

1. Schedule 1 - Property Floor Plan: Detailed floor plan of the leased property

2. Schedule 2 - Inventory List: Detailed list of furniture, appliances, and fixtures included in the lease

3. Schedule 3 - Condition Report: Detailed report on the condition of the property at the start of the lease

4. Schedule 4 - Building Rules and Regulations: Copy of the building's rules and regulations

5. Schedule 5 - Payment Schedule: Detailed breakdown of rent payments and due dates

6. Schedule 6 - Maintenance Responsibility Matrix: Detailed breakdown of maintenance responsibilities between landlord and tenant

7. Appendix A - Required Documents: Copies of required documents including Emirates IDs, passports, and trade licenses if applicable

8. Appendix B - RERA Permit: Copy of the RERA permit or relevant property registration documents

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

Property Management

Residential Property

Property Development

Property Investment

Legal Services

Corporate Housing

Hospitality

Relocation Services

Property Technology

Relevant Teams

Real Estate

Legal

Facilities Management

Property Management

Corporate Housing

Compliance

Asset Management

Operations

Tenant Relations

Document Management

Risk Management

Relevant Roles

Real Estate Manager

Property Manager

Leasing Agent

Legal Counsel

Corporate Housing Manager

Facilities Manager

Real Estate Director

Compliance Officer

Tenant Relations Manager

Asset Manager

Property Administrator

Real Estate Partner

Housing Coordinator

Relocation Specialist

Real Estate Operations Manager

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