Basement Rental Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Basement Rental Agreement

"I need a Basement Rental Agreement for a commercial storage space in Dubai, starting March 1, 2025, with a 2-year term and quarterly rent payments of AED 45,000, including specific provisions for temperature control and 24/7 access."

Document background
The Basement Rental Agreement is a specialized lease agreement designed for use in the United Arab Emirates when renting out basement spaces for commercial, storage, or other permitted purposes. This document is essential when property owners or managers wish to lease basement areas while ensuring compliance with UAE Federal Law No. 26 of 2007 and specific emirate regulations regarding basement usage. The agreement addresses unique challenges and requirements associated with basement spaces, including ventilation, safety measures, access protocols, and permitted activities. It incorporates necessary provisions to protect both landlord and tenant interests while meeting strict UAE building code requirements and municipality regulations. The document should be used whenever a basement space is being leased, whether for storage, commercial activities, or other approved uses, and must be tailored to comply with the specific requirements of the relevant emirate where the property is located.
Suggested Sections

1. Parties: Identification of the landlord and tenant with full legal names, addresses, and contact details

2. Background: Context of the agreement, property description, and confirmation of landlord's ownership and authority to lease

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Premises: Detailed description of the basement space, including exact measurements and boundaries

5. Term and Renewal: Duration of the lease, commencement date, and renewal terms

6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and payment methods

7. Permitted Use: Specific approved uses of the basement space in compliance with local regulations

8. Utilities and Services: Responsibilities for utilities, maintenance, and service charges

9. Safety and Compliance: Safety requirements, emergency procedures, and regulatory compliance obligations

10. Maintenance and Repairs: Responsibilities for maintenance, repairs, and specific basement-related upkeep

11. Access and Security: Access rights, security measures, and entry protocols

12. Insurance: Required insurance coverage for both parties

13. Termination: Conditions and procedures for early termination

14. Governing Law: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Commercial Terms: Additional terms for commercial use of the basement, required when premises are used for business purposes

2. Storage Requirements: Specific terms for storage use, including prohibited items and storage conditions

3. Fit-out Works: Terms regarding any modifications or improvements to the space, if permitted

4. Environmental Controls: Specific requirements for humidity control and ventilation, particularly relevant for sensitive storage

5. Subletting Provisions: Terms regarding subletting rights, if applicable

6. Operating Hours: Specific access times and operational hours, particularly relevant for commercial use

7. Parking Rights: Terms regarding associated parking rights, if any are included in the lease

Suggested Schedules

1. Schedule 1: Property Plan: Detailed floor plan of the basement space including measurements and access points

2. Schedule 2: Inventory List: List of any fixtures, fittings, or equipment included in the lease

3. Schedule 3: Condition Report: Detailed report of the condition of the premises at the start of the lease

4. Schedule 4: Safety Certificates: Copies of relevant safety certificates and inspection reports

5. Schedule 5: Building Rules: Specific building regulations and rules applicable to basement use

6. Schedule 6: Service Charges: Breakdown of any service charges and maintenance fees

7. Appendix A: Municipality Permits: Copies of relevant permits and approvals for basement usage

8. Appendix B: Insurance Requirements: Detailed insurance requirements and specifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Real Estate

Retail

Warehousing & Storage

Small Business

Manufacturing

Hospitality

Commercial Property

Facilities Management

Legal Services

Insurance

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Risk & Compliance

Property Management

Asset Management

Contract Administration

Safety & Security

Building Operations

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Commercial Director

Operations Manager

Asset Manager

Leasing Manager

Risk Manager

Compliance Officer

Property Administrator

Building Superintendent

Real Estate Agent

Contract Administrator

Safety Officer

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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