Exclusive Lease Template for United Arab Emirates

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Key Requirements PROMPT example:

Exclusive Lease

"I need an Exclusive Lease agreement for a high-end retail space in Dubai Mall, commencing March 1, 2025, with strict competition restriction clauses to ensure we're the only luxury watch retailer within a 100-meter radius."

Document background
The Exclusive Lease agreement is designed for use in the United Arab Emirates where a property owner wishes to grant exclusive occupancy and usage rights to a tenant, typically in commercial or retail contexts. This document is particularly relevant in shopping centers, commercial districts, or specialized facilities where exclusivity is a key business consideration. The agreement must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific property laws, such as Dubai Law No. 26 of 2007 or Abu Dhabi Law No. 20 of 2006. The Exclusive Lease includes comprehensive provisions covering property rights, operational terms, maintenance obligations, and exclusivity protections, while ensuring adherence to local registration requirements and Sharia law principles.
Suggested Sections

1. Parties: Identification of lessor and lessee with full legal names, licenses, and contact details as required by UAE law

2. Background: Context of the lease agreement, including property ownership confirmation and any relevant history

3. Definitions: Key terms used throughout the agreement, including UAE-specific legal and property terms

4. Property Description: Detailed description of the leased premises including location, size, and any exclusive areas

5. Term and Renewal: Duration of lease, commencement date, and renewal provisions in compliance with UAE tenancy laws

6. Rent and Payment Terms: Rent amount, payment schedule, security deposit, and other financial obligations

7. Use of Premises: Permitted use of property and exclusivity provisions

8. Maintenance and Repairs: Responsibilities of both parties for maintenance, repairs, and improvements

9. Utilities and Services: Responsibility for utilities, service charges, and related costs

10. Insurance and Liability: Required insurance coverage and allocation of risks

11. Default and Remedies: Events of default and available remedies under UAE law

12. Termination: Grounds and procedures for termination in accordance with UAE tenancy laws

13. Governing Law and Jurisdiction: UAE law as governing law and relevant emirate's courts' jurisdiction

14. Notices: Method and addresses for official communications between parties

Optional Sections

1. Fit-out Works: Include when tenant will undertake initial fit-out works, specifying approval processes and requirements

2. Assignment and Subletting: Include when parties want to specifically address transfer rights

3. Force Majeure: Include to address unforeseen circumstances preventing performance

4. Environmental Matters: Include for industrial or specialized commercial properties

5. Operating Hours: Include for retail or commercial properties in managed developments

6. Common Areas: Include when property is part of a larger development with shared facilities

7. Competition Restrictions: Include when exclusivity includes restrictions on competing businesses

8. Brand Standards: Include for retail or franchise-related premises

Suggested Schedules

1. Property Plan: Detailed floor plan and location maps of the leased premises

2. Rent Schedule: Detailed breakdown of rent payments, including any escalations

3. Service Charges: Breakdown of service charges and calculation methodology

4. Fit-out Guidelines: Technical specifications and requirements for any tenant improvements

5. Building Rules: Rules and regulations for the building or development

6. Handover Condition Report: Detailed description of property condition at handover

7. Permitted Use Details: Specific details of permitted business activities and restrictions

8. Insurance Requirements: Detailed insurance requirements and minimum coverage amounts

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

Relevant Industries

Retail

Commercial Real Estate

Hospitality

Shopping Centers

Food & Beverage

Luxury Goods

Entertainment

Professional Services

Banking & Financial Services

Healthcare

Education

Relevant Teams

Legal

Real Estate

Operations

Facilities Management

Commercial

Compliance

Finance

Business Development

Property Management

Asset Management

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Commercial Director

Retail Operations Manager

Facilities Manager

Leasing Manager

Asset Manager

Business Development Manager

Compliance Officer

Chief Operating Officer

Real Estate Director

Store Manager

Branch Manager

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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