Parking Sublease Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Parking Sublease Agreement

"Need a Parking Sublease Agreement for subleasing 5 premium parking spaces in Dubai Media City to a corporate tenant from March 1, 2025, including EV charging facilities and 24/7 access card provisions."

Document background
The Parking Sublease Agreement serves as a crucial legal instrument in the UAE's property market, particularly in dense urban areas where parking spaces are valuable assets. This document is typically used when a primary tenant wishes to sublease their parking rights to another party, whether for commercial or residential purposes. The agreement must comply with UAE Civil Code requirements, local municipality regulations, and specific emirate-level property laws. The document includes detailed provisions about the parking space location, access rights, payment terms, and usage restrictions. As a formal Parking Sublease Agreement, it requires careful consideration of both the master lease terms and local parking regulations to ensure enforceability and proper protection of all parties' interests.
Suggested Sections

1. Parties: Identification of the head tenant (sublessor) and sublessee, including full legal names and contact details

2. Background: Context of the agreement, including reference to the master lease and authority to sublease

3. Definitions: Key terms used throughout the agreement including 'Parking Space', 'Common Areas', 'Access Hours', etc.

4. Grant of Sublease: Specific terms of the sublease grant, including the exact parking space(s) being subleased

5. Term and Renewal: Duration of the sublease agreement and any renewal options

6. Rent and Payment Terms: Financial terms including rent amount, payment schedule, and payment methods

7. Security Deposit: Details of security deposit amount, terms of hold and return

8. Use of Parking Space: Permitted use, restrictions, and access hours

9. Maintenance and Repairs: Responsibilities for maintaining the parking space

10. Insurance and Liability: Insurance requirements and allocation of risk

11. Default and Remedies: Events of default and available remedies

12. Termination: Grounds for termination and process

13. General Provisions: Standard clauses including notices, governing law, and dispute resolution

Optional Sections

1. Access Control Systems: Details of electronic access cards, remote controls, or other access systems when applicable

2. Vehicle Registration: Required when specific vehicles must be registered for use of the space

3. Charging Facilities: For parking spaces with electric vehicle charging capabilities

4. Valet Services: When valet parking services are included in the arrangement

5. Signage Rights: For commercial arrangements where sublessee has rights to display signage

6. Special Use Provisions: For spaces designated for specific purposes (e.g., handicapped parking, oversized vehicles)

Suggested Schedules

1. Schedule 1 - Parking Space Plan: Detailed plan showing the exact location and dimensions of the parking space(s)

2. Schedule 2 - Access Hours and Procedures: Detailed breakdown of access times and entry/exit procedures

3. Schedule 3 - Fee Schedule: Detailed breakdown of all applicable fees and charges

4. Schedule 4 - Building Rules and Regulations: Copy of relevant building rules affecting parking usage

5. Schedule 5 - Permitted Vehicles: List of registered vehicles permitted to use the space (if applicable)

6. Appendix A - Copy of Master Lease Relevant Provisions: Relevant excerpts from the master lease affecting the sublease

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 legal definitions
Clauses
Relevant Industries

Real Estate

Commercial Property

Retail

Corporate Services

Hospitality

Healthcare

Educational Institutions

Residential Property

Parking Management

Facility Management

Relevant Teams

Legal

Facilities Management

Real Estate

Operations

Administration

Property Management

Asset Management

Contract Management

Building Services

Corporate Services

Relevant Roles

Facility Manager

Property Manager

Real Estate Manager

Legal Counsel

Operations Manager

Building Administrator

Parking Operations Supervisor

Asset Manager

Commercial Lease Administrator

Property Services Coordinator

Real Estate Contract Specialist

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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