End Of Lease Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

End Of Lease Agreement

"I need an End of Lease Agreement for a commercial warehouse property in Dubai Industrial City, with specific provisions for removing industrial equipment and restoring the property to its original condition by March 15, 2025, including requirements for environmental clearance certificates."

Document background

The End of Lease Agreement is a crucial document used in the United Arab Emirates to formally conclude a lease arrangement between parties. It is designed to comply with UAE Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific rental regulations, such as Dubai Law No. 26 of 2007 for properties in Dubai. This document is essential when a lease term is coming to an end or when parties mutually agree to terminate a lease early. It comprehensively covers property handover procedures, final settlements, utility disconnections, security deposit returns, and mutual release of obligations. The agreement serves as a legal record of the termination process and helps prevent future disputes by clearly documenting the final condition of the property and settlement of all obligations.

Suggested Sections

1. Parties: Identification of the Landlord and Tenant with full legal names, Emirates ID numbers, and contact details

2. Background: Brief context about the original lease agreement, its term, and the reason for termination

3. Definitions: Key terms used throughout the agreement including Property, Termination Date, Security Deposit, etc.

4. Property Details: Comprehensive description of the leased property including address and any unique identifiers

5. Termination Date: Specific date when the lease will terminate and the property will be handed over

6. Final Inspection: Process and timing for the final property inspection and condition assessment

7. Security Deposit Settlement: Terms for the return of the security deposit, including deductions if applicable

8. Utility Disconnection: Requirements for disconnection or transfer of utilities and final bill settlements

9. Handover Requirements: Specific conditions the property must meet for successful handover

10. Outstanding Payments: Settlement of any remaining rent, maintenance fees, or other charges

11. Keys and Access Devices: Requirements for returning all keys, access cards, and remote controls

12. Mutual Release: Mutual discharge of obligations and liabilities post-termination

13. Governing Law: Confirmation that the agreement is governed by UAE laws

Optional Sections

1. Maintenance Works: Details of any required repairs or maintenance to be completed before handover

2. Early Termination Provisions: Include when the agreement is for early termination before the original lease end date

3. Forwarding Address: Include when tenant is relocating and needs to provide new contact details

4. Third Party Services: Include when there are contracts with third party service providers that need to be terminated

5. Pet Clause: Include when pets were kept in the property, detailing specific cleaning requirements

6. Decoration Restoration: Include when tenant made alterations that need to be restored

7. Storage: Include when arrangements are needed for temporary storage of items

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed inventory of fixtures, fittings, and their condition at termination

2. Schedule 2 - Photographic Evidence: Documentation of property condition with dated photographs

3. Schedule 3 - Utility Account Details: List of all utility accounts and final meter readings

4. Schedule 4 - Outstanding Payments Schedule: Detailed breakdown of any remaining payments or deductions

5. Schedule 5 - Handover Checklist: Comprehensive checklist for property handover requirements

6. Appendix A - Original Lease Agreement: Copy of the original lease agreement for reference

7. Appendix B - Final Inspection Report: Detailed report of the final property inspection

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Hospitality

Industrial

Office Space

Mixed-Use Development

Warehouse and Storage

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Property Management

Asset Management

Compliance

Administration

Tenant Relations

Corporate Services

Relevant Roles

Property Manager

Real Estate Agent

Facilities Manager

Legal Counsel

Leasing Manager

Asset Manager

Operations Manager

Property Administrator

Tenant Relations Manager

Compliance Officer

Real Estate Director

Housing Coordinator

Corporate Real Estate Manager

Lease Administrator

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Authors

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