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Periodic Lease Agreement
"I need a Periodic Lease Agreement for a 2-bedroom residential apartment in Dubai Marina, with provisions for quarterly rent payments and inclusion of furniture inventory, starting March 1, 2025."
1. Parties: Identification of the Landlord and Tenant with full legal names, Emirates ID numbers, and contact details
2. Background: Brief context about the property and the parties' intention to enter into a periodic lease arrangement
3. Definitions: Key terms used throughout the agreement including Property, Commencement Date, Rent, Security Deposit, and Notice Period
4. Property Details: Comprehensive description of the leased property including address, size, and permitted use
5. Term and Renewal: Details of the initial period and the periodic nature of the tenancy including renewal terms
6. Rent and Payment Terms: Rent amount, payment frequency, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
8. Utilities and Services: Responsibility for utility connections, payments, and maintenance charges
9. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repairs
10. Use of Property: Permitted use of the property and restrictions on alterations or modifications
11. Insurance: Requirements for property insurance and tenant's contents insurance
12. Termination: Notice requirements and circumstances for termination by either party
13. Governing Law and Jurisdiction: Specification of UAE law application and relevant emirate's jurisdiction
1. Quiet Enjoyment: Landlord's covenant for tenant's peaceful enjoyment of the property - typically included for residential leases
2. Sub-letting: Terms regarding sub-letting rights - included when sub-letting might be permitted
3. Break Clause: Early termination provisions - included when parties want flexibility to end the lease early
4. Property Management: Details of property management company if applicable
5. Fit-out Works: Terms for tenant improvements - typically included for commercial leases
6. Service Charges: For properties in managed communities or buildings - details of service charge obligations
7. Common Areas: Rights and obligations regarding common areas - for properties in shared buildings or communities
8. Parking: Specific provisions for parking spaces - when parking is included in the lease
1. Schedule 1 - Property Plan: Detailed floor plan and property boundaries
2. Schedule 2 - Inventory List: Detailed list of fixtures, fittings, and furnishings if property is furnished
3. Schedule 3 - Property Condition Report: Detailed description of property condition at commencement of lease
4. Schedule 4 - Building Rules: Rules and regulations of the building or community if applicable
5. Schedule 5 - Utility Details: List of utility account numbers and service providers
6. Appendix A - Required Documents: Copies of Emirates IDs, trade licenses (if commercial), and other required documentation
7. Appendix B - Handover Form: Template for property handover at the start and end of tenancy
Authors
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial
Manufacturing
Professional Services
Healthcare
Education
Logistics
Warehousing
Legal
Real Estate
Facilities Management
Operations
Property Management
Asset Management
Compliance
Corporate Services
Administration
Risk Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Real Estate Director
Leasing Manager
Operations Manager
Real Estate Agent
Property Administrator
Compliance Officer
Asset Manager
Tenant Relations Manager
Real Estate Partner
Commercial Director
Housing Officer
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