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Lease Termination Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Lease Termination Contract

"I need a Lease Termination Contract for my residential apartment in Dubai Marina, with termination date set for March 1, 2025, including standard security deposit return terms and utility account closure procedures."

Document background
The Lease Termination Contract is a crucial document used in the United Arab Emirates when parties wish to formally end their lease arrangement, whether at the natural conclusion of the lease term or through early termination. This document is essential in the UAE's highly regulated real estate market, where proper documentation of lease terminations is required for legal compliance and future reference. The contract addresses key aspects such as property handover procedures, financial settlements, security deposit returns, and utility account closures, all while adhering to UAE Federal Law and specific emirate-level regulations such as Dubai Law No. 26 of 2007 or Abu Dhabi Law No. 20 of 2006. It serves as a crucial tool for risk management and dispute prevention, providing clear documentation of the parties' agreements and obligations regarding the lease termination.
Suggested Sections

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

2. Background: Reference to the original lease agreement, including its date, property details, and current rental terms

3. Definitions: Key terms used in the agreement including 'Termination Date', 'Security Deposit', 'Property', and 'Original Lease Agreement'

4. Termination Agreement: Mutual agreement to terminate the lease, specifying the effective termination date

5. Property Handover: Details of the property inspection and handover process, including condition requirements

6. Financial Settlement: Settlement of all outstanding rent, utilities, maintenance charges, and security deposit return terms

7. Release and Waiver: Mutual release from future obligations and claims related to the lease

8. Return of Keys and Access Devices: Process and timing for returning all keys, access cards, and related items

9. Governing Law and Jurisdiction: Confirmation that UAE law governs the agreement and specification of jurisdiction for disputes

10. Execution: Signature blocks for all parties, including witness provisions if required

Optional Sections

1. Early Termination Fee: Include when the termination occurs before the natural end of the lease term, specifying any penalties

2. Maintenance Works: Include when specific repair or restoration works are required before handover

3. Forwarding Address: Include when parties need to specify future contact details for post-termination communications

4. Third Party Rights: Include when there are registered mortgages or other third-party interests in the property

5. Confidentiality: Include when parties wish to keep the termination terms confidential

6. Survival Clauses: Include when certain obligations need to survive the termination

Suggested Schedules

1. Property Inventory: Detailed list of fixtures, fittings, and their condition at termination

2. Utility Account Details: List of all utility accounts and status of final readings/payments

3. Outstanding Payments Schedule: Itemized list of any pending payments or refunds

4. Property Inspection Report: Detailed report on the condition of the property at termination

5. Handover Checklist: List of items to be completed/checked during the final handover

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

Relevant legal definitions

























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Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Retail

Hospitality

Industrial

Office Space

Mixed-Use Development

Facilities Management

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities

Compliance

Administration

Asset Management

Leasing

Contract Management

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Leasing Manager

Asset Manager

Operations Manager

Contract Administrator

Real Estate Director

Compliance Officer

Property Administrator

Tenant Relations Manager

Building Manager

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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