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Commercial Rent Review Notice

Commercial Rent Review Notice Template for United Arab Emirates

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Key Requirements PROMPT example:

Commercial Rent Review Notice

"I need a Commercial Rent Review Notice for my retail property in Dubai Mall, proposing a 15% rent increase effective March 1, 2025, based on current market rates and RERA calculator recommendations."

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Document background
The Commercial Rent Review Notice is a crucial document in the UAE's commercial property sector, used when landlords wish to modify rental terms in accordance with market conditions and legal requirements. It must comply with UAE federal laws, including UAE Federal Law No. 5 of 1985 (Civil Code) and specific emirate-level regulations such as Dubai Law No. 26 of 2007 or Abu Dhabi Law No. 20 of 2006. The notice typically includes current and proposed rent amounts, market justifications, and relevant lease clause references. It serves as the formal trigger for rent review negotiations and must be issued within timeframes specified in the original lease agreement. The document's format and content should align with RERA guidelines where applicable and include sufficient supporting documentation to justify the proposed changes.
Suggested Sections

1. Sender Details: Full name, address, and contact information of the landlord or authorized representative

2. Date: Current date formatted according to local standards

3. Recipient Details: Full name and address of the tenant, including any reference numbers

4. Property Details: Complete address and description of the leased premises

5. Lease Reference: Details of the existing lease agreement including date of commencement and relevant clause numbers regarding rent review

6. Notice of Review: Clear statement that this is a formal rent review notice as per the lease agreement

7. Current Rent: Statement of the current rent amount and payment terms

8. Proposed New Rent: Clear statement of the proposed new rent amount and justification

9. Legal Basis: Reference to relevant lease clauses and UAE regulations supporting the review

10. Effective Date: Proposed date when the new rent will take effect

11. Next Steps: Clear outline of the process moving forward, including any response deadlines

12. Signature Block: Signature of authorized person, name, position, and company details

Optional Sections

1. Market Analysis Summary: Brief overview of current market conditions justifying the rent review, used when significant market changes need to be explained

2. Historical Payment Reference: Reference to tenant's payment history, included when relevant to the review decision

3. Negotiation Period: Specific details about the period allowed for negotiation, included when required by the lease agreement

4. Dispute Resolution Process: Outline of the dispute resolution process, included when not clearly stated in the original lease

5. Service Charge Update: Information about any changes to service charges, included when service charges are being reviewed alongside rent

Suggested Schedules

1. Market Rate Analysis: Detailed analysis of comparable properties and market rates in the area

2. Rent Calculation Breakdown: Detailed calculation showing how the new rent amount was determined

3. Copy of Relevant Lease Clauses: Excerpts of relevant clauses from the lease agreement regarding rent review

4. RERA Rent Calculator Results: Official RERA rent calculator output (if applicable in the relevant emirate)

5. Property Valuation Report: Independent valuation report if required by the lease or local regulations

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Commercial Real Estate

Retail

Office Space

Industrial

Hospitality

Healthcare

Education

Banking and Financial Services

Professional Services

Manufacturing

Logistics and Warehousing

Technology and IT

Food and Beverage

Entertainment

Relevant Teams

Legal

Real Estate

Property Management

Operations

Finance

Administration

Facilities Management

Asset Management

Compliance

Risk Management

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Commercial Lease Administrator

Asset Manager

Real Estate Director

Operations Manager

Legal Counsel

Commercial Property Lawyer

Finance Manager

Chief Financial Officer

Business Development Manager

Property Management Executive

Lease Compliance Officer

Real Estate Operations Director

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Contains fundamental provisions governing lease agreements and contractual relationships in the UAE, including basic rights and obligations of landlords and tenants
UAE Federal Law No. 18 of 1993 (Commercial Code): Provides framework for commercial transactions and business relationships, relevant for commercial lease arrangements
Dubai Law No. 26 of 2007 (as amended): Regulates the relationship between landlords and tenants in Dubai, including provisions for rent increases and dispute resolution
Dubai Decree No. 43 of 2013: Determines rent increase percentages and regulations for commercial properties in Dubai based on existing market rates
RERA (Real Estate Regulatory Agency) Regulations: Provides guidelines for real estate practices in Dubai, including commercial property management and rental procedures
Abu Dhabi Law No. 20 of 2006: Regulates the relationship between landlords and tenants in Abu Dhabi, including provisions for commercial properties
Local Municipality Commercial Property Regulations: Various emirate-specific regulations governing commercial properties and their usage
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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