Lease Transfer Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Lease Transfer Agreement

"I need a Lease Transfer Agreement for transferring a retail store lease in Dubai Mall from my company to a new tenant, with the transfer to take effect from March 1, 2025, including specific provisions for the transfer of existing shop fittings and customer database."

Document background
A Lease Transfer Agreement is essential when a tenant wishes to transfer their leasehold interest to another party before the lease term expires. This document, structured according to UAE legal requirements, facilitates the formal transfer of rights and obligations under an existing lease agreement to a new tenant while maintaining the landlord's interests and ensuring compliance with local property laws. It's commonly used in commercial and residential contexts when businesses relocate, restructure, or when individuals need to transfer their lease obligations. The agreement must comply with UAE Civil Code requirements and relevant emirate-specific regulations, particularly regarding property registration and tenant rights. It includes crucial details about the original lease, property specifications, financial obligations, and the specific terms of transfer, ensuring a legally sound transition of tenancy rights.
Suggested Sections

1. Parties: Identification of all parties: Original Tenant (Transferor), New Tenant (Transferee), and Landlord

2. Background: Context of the original lease and circumstances leading to the transfer

3. Definitions: Definitions of key terms used throughout the agreement

4. Transfer of Lease: Core provisions regarding the transfer of rights and obligations under the lease

5. Effective Date: Specification of when the transfer becomes effective

6. Consideration: Details of any payment or consideration for the transfer

7. Landlord's Consent: Confirmation of landlord's approval of the transfer

8. Liabilities and Obligations: Distribution of responsibilities between original tenant and new tenant

9. Security Deposit: Arrangements for transfer or replacement of security deposit

10. Representations and Warranties: Statements of fact and assurances from all parties

11. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Condition of Premises: Used when there needs to be a formal record of the property's condition at transfer

2. Outstanding Payments: Include when there are existing utility bills, maintenance charges, or other payments to be addressed

3. Maintenance Obligations: Used when specific maintenance responsibilities need to be allocated

4. Broker Provisions: Include when a real estate broker is involved in the transfer

5. Third Party Approvals: Required when additional approvals beyond the landlord are needed

6. Fit-out and Alterations: Include when there are existing alterations or planned modifications to the premises

7. Registration Requirements: Used when specific registration procedures need to be detailed based on the property's location

Suggested Schedules

1. Original Lease Agreement: Copy of the existing lease agreement being transferred

2. Property Details: Detailed description of the leased premises including location and specifications

3. Inventory List: List of any furniture, fixtures, or equipment included in the transfer

4. Outstanding Payments Schedule: Detailed list of any pending payments or financial obligations

5. Condition Report: Documentation of the premises' condition at the time of transfer

6. Required Permits: Copies of relevant permits, licenses, or regulatory approvals

7. Handover Protocol: Procedure and checklist for the physical handover of the premises

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

Real Estate

Retail

Commercial Office

Industrial

Hospitality

Healthcare

Education

Manufacturing

Logistics

Professional Services

Technology

Financial Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Administrative

Corporate Services

Property Management

Business Development

Relevant Roles

Real Estate Manager

Facilities Manager

Legal Counsel

Property Manager

Operations Director

Commercial Director

Compliance Officer

Contract Administrator

Real Estate Agent

Leasing Manager

Chief Financial Officer

Business Development Manager

Office Manager

Corporate Services Manager

Relocation 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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