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10 Year Lease Agreement
"I need a 10 Year Lease Agreement for a commercial warehouse facility in Dubai Industrial City, UAE, with annual rent reviews and specific provisions for heavy machinery installation and 24/7 operational access, starting from March 2025."
1. Parties: Identification of the Landlord and Tenant, including full legal names, registration details, and addresses
2. Background: Context of the lease arrangement, property description, and intent of the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of lease, specifying the property and term
5. Term and Commencement: 10-year duration specification, commencement date, and any conditions precedent
6. Rent and Payment Terms: Rent amount, payment frequency, method of payment, and due dates
7. Rent Review: Mechanisms and timing for periodic rent reviews over the 10-year term
8. Security Deposit: Amount, payment terms, and conditions for return of security deposit
9. Use of Premises: Permitted use of the property and any restrictions
10. Tenant's Covenants: Tenant's obligations including maintenance, repairs, compliance with laws
11. Landlord's Covenants: Landlord's obligations including property maintenance and insurance
12. Insurance: Required insurance coverage from both parties
13. Assignment and Subletting: Rights and restrictions regarding transfer of lease rights
14. Maintenance and Repairs: Detailed responsibilities for property maintenance and repairs
15. Utilities and Services: Responsibilities for utilities, service charges, and related costs
16. Default and Remedies: Events of default and corresponding remedies
17. Termination: Grounds and procedures for early termination
18. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction specifications
19. Notices: Process and addresses for formal communications
20. Registration: Requirements and process for lease registration with relevant authorities
1. Break Clause: Optional provision allowing early termination at specified points during the term
2. Force Majeure: Provisions for unforeseen circumstances preventing performance
3. Quiet Enjoyment: Additional covenant ensuring tenant's undisturbed use of premises
4. Green Lease Provisions: Environmental and sustainability obligations, if relevant
5. Fit-out Works: Terms for any initial tenant improvements or modifications
6. Service Charge: For properties in multi-tenant buildings or compounds
7. Property Management: If specific property management arrangements are required
8. Option to Renew: Terms for extending the lease beyond the initial 10-year term
9. VAT Provisions: Specific provisions relating to VAT treatment if applicable
1. Property Description: Detailed description of the leased premises including floor plans and measurements
2. Rent Payment Schedule: Detailed breakdown of rent payments and review dates over the 10-year term
3. Condition Report: Initial condition of the premises with photographs
4. Permitted Alterations: List of allowed modifications and improvements
5. Building Rules and Regulations: If in a managed building or compound
6. Service Charge Budget: If applicable, estimated service charges and calculation method
7. Handover Protocol: Procedures and checklist for property handover
8. Maintenance Schedule: Schedule of regular maintenance responsibilities
9. Insurance Requirements: Detailed insurance specifications for both parties
Authors
Applicable Laws
Base Rent
Building
Business Day
Commencement Date
Common Areas
Condition Report
Default Interest Rate
Demised Premises
Deposit
Expiry Date
Force Majeure Event
Governing Law
Initial Term
Insurance Requirements
Landlord
Lease Year
Maintenance Charges
Notice
Parties
Permitted Use
Premises
Property
RERA
Rent
Rent Review Date
Service Charges
Tenant
Term
Utilities
VAT
Building Rules
Handover Date
Handover Protocol
Lease Registration
Maintenance Schedule
Operating Hours
Payment Date
Renewal Term
Security Deposit
Term
Rent Payment
Rent Review
Security Deposit
Registration
Use of Premises
Tenant Obligations
Landlord Obligations
Utilities
Maintenance
Alterations
Insurance
Assignment and Subletting
Default
Termination
Force Majeure
Dispute Resolution
Governing Law
Notices
Quiet Enjoyment
Alienation
Break Rights
Service Charges
Property Management
Environmental Compliance
Health and Safety
Access Rights
Repair
Indemnification
Entire Agreement
Severability
Waiver
Costs
Handover
Reinstatement
Renewal
Registration Requirements
VAT
Representations and Warranties
Real Estate
Retail
Commercial Office
Industrial
Hospitality
Healthcare
Education
Manufacturing
Logistics
Warehousing
Banking and Financial Services
Technology
Professional Services
Government and Public Sector
Legal
Finance
Real Estate
Operations
Facilities Management
Risk and Compliance
Procurement
Corporate Services
Administration
Business Development
Asset Management
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Facilities Manager
Legal Counsel
Property Manager
Operations Director
Commercial Director
Risk Manager
Compliance Officer
Finance Manager
Business Development Manager
Asset Manager
Real Estate Investment Manager
Corporate Services Manager
Procurement Manager
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