Perpetual Lease Deed Template for United Arab Emirates

The Perpetual Lease Deed is a specialized legal instrument used in the United Arab Emirates for establishing long-term or permanent property rights without transferring full ownership. This document is particularly relevant in jurisdictions where full property ownership may be restricted or where parties prefer a perpetual lease arrangement for commercial, regulatory, or strategic reasons. It operates within the framework of UAE federal law, including the Civil Code, and specific emirate-level property regulations. The deed typically includes comprehensive details about property rights, obligations, maintenance responsibilities, permitted uses, and transfer rights. It's commonly used in commercial developments, religious endowments (waqf), and strategic land arrangements, requiring registration with relevant land departments and compliance with local property regulations.

1. Parties: Detailed identification of the Lessor and Lessee, including full legal names, addresses, and registration details if companies

2. Background: Context of the perpetual lease arrangement, property ownership history, and purpose of the deed

3. Definitions: Definitions of key terms used throughout the deed, including Property, Commencement Date, Perpetual Term, Permitted Use

4. Grant of Lease: Clear statement of the grant of perpetual lease rights and the nature of the interest being created

5. Property Description: Detailed description of the leased property including boundaries, area, and any exclusive or shared facilities

6. Term and Perpetual Nature: Specification of the perpetual term and conditions for continuation

7. Consideration: Details of any initial premium, ongoing payments, or other consideration for the perpetual lease

8. Rights and Obligations: Comprehensive list of rights and obligations of both parties

9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements

10. Use Restrictions: Permitted and prohibited uses of the property

11. Assignment and Transfer: Rights and conditions for transferring the lease interest

12. Registration: Requirements and procedures for registering the deed

13. Termination: Limited circumstances under which the perpetual lease may be terminated

14. Governing Law: Confirmation of UAE law application and jurisdiction

15. Execution: Formal execution blocks for all parties