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Mutual Termination Of Tenancy Agreement

Mutual Termination Of Tenancy Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Mutual Termination Of Tenancy Agreement

"I need a Mutual Termination of Tenancy Agreement for my Dubai residential apartment, with termination date set for March 15, 2025, including specific provisions for the return of my AED 10,000 security deposit and utility bill settlements."

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Document background
The Mutual Termination of Tenancy Agreement is a critical document used in the UAE real estate market when both landlord and tenant agree to end their lease arrangement before its scheduled expiration date. This document is particularly relevant in the context of UAE Federal Law No. 5 of 1985 and emirate-specific rental regulations, such as Dubai Law No. 26 of 2007 or Abu Dhabi Law No. 20 of 2006. It serves to protect both parties' interests by clearly documenting the agreed termination terms, handling of security deposits, property handover requirements, and settlement of any outstanding obligations. The agreement is commonly used in both residential and commercial contexts, requiring registration with relevant authorities such as RERA in Dubai or municipal authorities in other emirates.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant with full legal names and details

2. Background: Reference to the original tenancy agreement, its date, and property details

3. Definitions: Key terms used in the agreement including 'Termination Date', 'Property', 'Original Agreement', etc.

4. Mutual Agreement to Terminate: Clear statement of both parties' agreement to terminate the tenancy and the effective termination date

5. Security Deposit: Terms for the return or retention of the security deposit, including deductions if any

6. Property Handover: Specific requirements and procedure for returning the property to the landlord

7. Settlement of Accounts: Confirmation that all rent and other payments are settled or terms of final settlement

8. Release and Waiver: Mutual release from future claims related to the tenancy agreement

9. Governing Law: Confirmation that the agreement is governed by UAE law and specific emirate regulations

Optional Sections

1. Utility Bills Settlement: Terms for settling outstanding utility bills, used when utilities are in tenant's name

2. Maintenance and Repairs: Required repairs or maintenance before handover, included if property requires specific work

3. Key Return: Specific provisions about return of keys, access cards, and other property access items

4. Third Party Services: Termination of related services like maintenance contracts or cleaning services

5. Registration Cancellation: Provisions for canceling Ejari or Tawtheeq registration, required in Dubai and Abu Dhabi respectively

Suggested Schedules

1. Schedule 1 - Property Condition Report: Detailed documentation of the property's condition at termination

2. Schedule 2 - Inventory List: List of furniture, fixtures, and fittings if property was furnished

3. Schedule 3 - Outstanding Payments Schedule: Detailed breakdown of any outstanding payments or settlements

4. Appendix A - Handover Checklist: Checklist of items to be completed before property handover

5. Appendix B - Utility Account Details: List of utility account numbers and final reading dates

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

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Professional Services

Legal Services

Property Development

Facility Management

Relevant Teams

Legal

Real Estate Operations

Property Management

Facility Management

Tenant Relations

Compliance

Contract Administration

Asset Management

Property Services

Leasing

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Facility Manager

Asset Manager

Property Administrator

Tenant Relations Manager

Real Estate Operations Manager

Compliance Officer

Contract Administrator

Housing Manager

Real Estate Portfolio Manager

Property Services Coordinator

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): The foundational law governing contracts and civil transactions in the UAE, including basic principles of contract termination and mutual consent
Dubai Law No. 26 of 2007 (Dubai Rental Law): Regulates the relationship between landlords and tenants in Dubai, including provisions for early termination and mutual agreement terms
Abu Dhabi Law No. 20 of 2006: Regulates the relationship between landlords and tenants in Abu Dhabi, including provisions for termination conditions
Dubai Real Estate Regulatory Authority (RERA) Regulations: Guidelines for property registration, documentation requirements, and procedures for terminating rental contracts in Dubai
UAE Federal Law No. 6 of 2020: Recent amendments to property regulations affecting rental relationships and contract terminations
Local Municipality Registration Requirements: Specific requirements for registering the termination of tenancy agreements with relevant municipal authorities
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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