Free Commercial Lease Agreement

Commercial Lease Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need a Free Commercial Lease Agreement for a retail space in Dubai Mall, starting March 2025, with specific provisions for 24/7 operation and seasonal pop-up subletting rights during peak tourist seasons."

Document background

The Free Commercial Lease Agreement is essential for documenting commercial property lease arrangements in the United Arab Emirates. This agreement is specifically designed for use in free-market commercial property transactions, distinct from properties in free zones or government-regulated sectors. The document ensures compliance with UAE federal laws, including the UAE Civil Code and Commercial Transactions Law, while incorporating emirate-specific requirements for property leasing. It is particularly suitable for office spaces, retail units, warehouses, and other commercial properties where parties wish to establish clear terms for rent, maintenance, use restrictions, and other crucial aspects of the landlord-tenant relationship. The agreement includes provisions for registration with relevant authorities as required by UAE law.

Suggested Sections

1. Parties: Details of the Landlord and Tenant, including full legal names, registration numbers (if companies), and addresses

2. Background: Brief context of the agreement and property description

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

4. Demise: The formal grant of lease, specifying the property being leased

5. Term and Renewal: Duration of the lease, commencement date, and any renewal options

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

7. Service Charges: Additional charges for building services, maintenance, and utilities

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

9. Tenant's Covenants: Tenant's obligations including maintenance, repairs, compliance with laws, and insurance

10. Landlord's Covenants: Landlord's obligations including property access and maintaining structure

11. Insurance: Required insurance coverage for both parties

12. Assignment and Subletting: Restrictions and conditions for transferring or subletting the property

13. Termination: Circumstances and procedures for early termination

14. Default and Remedies: Consequences of breach and available remedies

15. Notices: How formal communications between parties should be made

16. Governing Law and Jurisdiction: Confirmation of UAE law application and dispute resolution procedures

Optional Sections

1. Fit-out Works: Details of any permitted modifications or improvements to be made by the tenant

2. Break Clause: Optional early termination rights for either party

3. Force Majeure: Provisions for unforeseen circumstances preventing performance

4. Environmental Matters: Specific environmental obligations and compliance requirements

5. Trading Requirements: Specific requirements if the premises are in a mall or shopping center

6. Service Level Agreement: Detailed service standards if additional services are provided

7. Parking: Specific provisions for parking rights and allocations

8. Signage Rights: Rules and permissions for external and internal signage

9. Exclusivity Provisions: Any exclusive rights granted regarding business type in the vicinity

Suggested Schedules

1. Property Schedule: Detailed description of the leased premises including floor plans and measurements

2. Rent Schedule: Detailed breakdown of rent payments, including any escalations

3. Service Charge Schedule: Itemized list of service charges and calculation methodology

4. Building Rules and Regulations: Specific rules governing the use of the building or complex

5. Condition Report: Initial condition of the premises with photographs

6. Fit-out Guidelines: Technical specifications and requirements for any permitted modifications

7. Handover Protocol: Procedures and checklist for property handover

8. Permitted Alterations: List of pre-approved alterations or improvements

9. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

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

Commercial Property

Office Space

Manufacturing

Warehousing

Hospitality

Professional Services

Healthcare

Education

Technology

Financial Services

Logistics

Industrial

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Risk Management

Corporate Services

Administration

Property Management

Asset Management

Commercial

Relevant Roles

Real Estate Manager

Property Manager

Facilities Manager

Legal Counsel

Commercial Director

Operations Manager

Chief Financial Officer

Business Development Manager

Compliance Officer

Contract Manager

Asset Manager

Leasing Manager

Corporate Services Manager

Risk Manager

General Counsel

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Authors

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