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Ending Lease Template for United Arab Emirates

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Key Requirements PROMPT example:

Template For Ending Lease

"I need a Template For Ending Lease for a commercial warehouse property in Dubai Industrial City, with specific provisions for removing industrial equipment and restoring the premises to its original condition by March 2025."

Document background
This Template For Ending Lease is designed for use in the United Arab Emirates when parties wish to formally terminate their lease agreement. It incorporates key requirements from UAE Federal Law and emirate-specific regulations, making it suitable for both residential and commercial properties across all emirates. The template should be used when either party wishes to end a lease agreement, whether at natural expiration or through early termination, and includes provisions for property handover, financial settlements, and mutual releases. It addresses crucial aspects such as security deposit returns, utility bill settlements, and property condition requirements, while ensuring compliance with local registration requirements and RERA guidelines where applicable. The document is structured to protect both landlord and tenant interests while facilitating a smooth transition of property possession.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant with full legal names and contact details

2. Background: Brief description of the existing lease agreement, including its date, property details, and current term

3. Definitions: Key terms used in the document including 'Termination Date', 'Property', 'Lease Agreement', etc.

4. Termination Notice: Formal declaration of lease termination, specifying the effective termination date

5. Handover Requirements: Detailed requirements for property handover, including cleaning, repairs, and restoration obligations

6. Settlement of Accounts: Provisions for final utility bills, maintenance charges, and other financial obligations

7. Security Deposit: Terms for the return of the security deposit, including deductions if applicable

8. Keys and Access: Requirements for returning keys, access cards, and other property access items

9. Mutual Release: Release of both parties from future obligations under the lease, subject to completion of termination requirements

10. Governing Law: Confirmation that the termination is governed by UAE law and specific emirate regulations

Optional Sections

1. Early Termination Penalties: Required when the lease is being terminated before its natural end date

2. Property Modifications: Needed when tenant has made alterations to the property that need to be addressed

3. Forwarding Address: Include when tenant needs to provide future contact details for deposit return or final documentation

4. Outstanding Rent: Required when there are rent arrears to be settled

5. Dispute Resolution: Optional detailed procedure for resolving any disputes arising from the termination

6. Third Party Rights: Needed when there are sub-tenants or other third parties with rights related to the property

Suggested Schedules

1. Schedule 1 - Property Condition Report: Detailed documentation of the property's condition at termination

2. Schedule 2 - Inventory List: List of fixtures, fittings, and items included in the original lease that must be accounted for

3. Schedule 3 - Outstanding Payments Schedule: Detailed list of any pending payments including utilities, maintenance charges, or rent

4. Schedule 4 - Handover Checklist: Comprehensive list of items to be checked during the final inspection

5. Appendix A - Original Lease Agreement: Copy of the original lease agreement for reference

6. Appendix B - Photographic Evidence: Photos documenting the property's condition at termination

Authors

Alex Denne

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

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Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Hospitality

Industrial

Office Space

Mixed-Use Development

Warehousing

Educational Facilities

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Administration

Compliance

Property Management

Asset Management

Tenant Relations

Documentation

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Lease Administrator

Asset Manager

Operations Manager

Property Administrator

Real Estate Director

Compliance Officer

Tenant Relations Manager

Building Manager

Real Estate Agent

Leasing Manager

Administrative Assistant

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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