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Lease And License Agreement
"I need a Lease and License Agreement for a retail space in Dubai Mall, UAE, where we'll operate a high-end fashion boutique starting March 2025, with specific provisions for store fit-out works and mall trading hours."
1. Parties: Identification of the Lessor/Licensor and Lessee/Licensee with full legal names, registration details, and addresses
2. Background: Context of the agreement including property details and purpose of the lease and license
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Lease: Specific terms of the lease grant including property description and permitted use
5. License Terms: Details of the license being granted, its scope and limitations
6. Term and Renewal: Duration of the agreement, commencement date, and renewal provisions
7. Rent and License Fees: Payment terms, amounts, payment schedule, and security deposit details
8. Maintenance and Repairs: Responsibilities of each party regarding property maintenance and repairs
9. Utilities and Services: Provisions regarding utility payments and essential services
10. Insurance and Liability: Insurance requirements and liability allocation between parties
11. Termination: Grounds for termination and procedure
12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction
13. Notices: Communication procedures between parties
14. Execution: Signature blocks and execution formalities
1. Fit-out Works: Include when premises require tenant modifications or improvements
2. Operating Hours: Include for commercial properties in managed buildings or shopping centers
3. Service Charges: Include for properties in managed developments with common area maintenance charges
4. Trade License Requirements: Include when specific trading license conditions need to be met
5. Assignment and Subletting: Include when transfer rights need to be specifically addressed
6. Force Majeure: Include when specific force majeure provisions beyond standard UAE law are required
7. Environmental Compliance: Include for industrial or specialized commercial properties
8. Competing Business Restrictions: Include for retail properties with exclusivity requirements
1. Property Details: Detailed description of the property including floor plans and area calculations
2. Rent and Payment Schedule: Detailed breakdown of rent, license fees, and payment dates
3. Permitted Use: Specific details of allowed activities and any restrictions
4. Building Rules and Regulations: Applicable building rules and operational guidelines
5. Handover Condition Report: Detailed description of property condition at handover
6. Fit-out Guidelines: Technical specifications and requirements for any permitted modifications
7. Service Level Agreement: Details of services provided by landlord if applicable
8. Insurance Requirements: Specific insurance types and coverage amounts required
Authors
Real Estate
Retail
Commercial Office
Industrial
Hospitality
Healthcare
Education
Manufacturing
Logistics
Technology
Professional Services
Food and Beverage
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Corporate Services
Administration
Business Development
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Business Development Manager
Compliance Officer
Risk Manager
Asset Manager
Leasing Manager
Corporate Services Director
General Counsel
Managing Director
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