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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."
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
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
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
Approval
Base Rent
Building
Business Day
Common Areas
Commencement Date
Competent Authority
Default Rate
Ejari
Emergency
Exclusive Rights
Expiry Date
Force Majeure
Governmental Authority
Handover Date
Initial Term
Insurance Requirements
Land Department
Lease Year
Licensed Activities
Maintenance Charges
Operating Expenses
Permitted Use
Premises
Property
RERA
Renewal Term
Rent
Security Deposit
Service Charges
Tenant Improvements
Term
Trade License
Utilities
Exclusivity Rights
Term
Rent
Security Deposit
Utilities
Service Charges
Permitted Use
Alterations
Maintenance
Insurance
Assignment and Subletting
Property Access
Quiet Enjoyment
Default
Termination
Force Majeure
Registration
Notices
Governing Law
Dispute Resolution
Indemnification
Compliance with Laws
Environmental Matters
Health and Safety
Building Rules
Signage Rights
Operating Hours
Common Areas
Handover
Return of Premises
Trading Obligations
Competition Restrictions
Retail
Commercial Real Estate
Hospitality
Shopping Centers
Food & Beverage
Luxury Goods
Entertainment
Professional Services
Banking & Financial Services
Healthcare
Education
Legal
Real Estate
Operations
Facilities Management
Commercial
Compliance
Finance
Business Development
Property Management
Asset Management
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
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