Document background
The Retail Lease Agreement serves as a fundamental legal instrument for establishing commercial tenancy relationships in the UAE's retail sector. This document is essential when a property owner (landlord) wishes to lease retail space to a business operator (tenant) in any UAE emirate. The agreement must comply with federal laws such as the UAE Civil Code and specific emirate-level property regulations, making it particularly important to tailor the document to the relevant emirate's requirements. The document covers crucial aspects including rent determination, service charges, operational requirements, and maintenance obligations, while incorporating specific provisions for retail operations such as trading hours and fit-out specifications. This Retail Lease Agreement is particularly vital in the context of shopping malls, retail strips, and commercial centers, where additional considerations such as tenant mix, marketing contributions, and common area maintenance need to be addressed.
