Termination Of Commercial Lease Template for United Arab Emirates

1. Retention of Rights: Used when certain rights or obligations need to survive the termination

2. Third Party Rights: Include when there are guarantors or other third parties involved in the original lease

3. Confidentiality: Required when parties wish to keep the termination terms confidential

4. Reinstatement Works: Include when specific renovation or restoration work is required before property handover

5. Insurance: Required when addressing ongoing insurance obligations or claims

6. Tax Provisions: Include when there are VAT or other tax implications to be addressed

7. Broker Provisions: Include when real estate brokers are involved and commission matters need to be addressed

1. Property Details: Detailed description of the property including location, size, and any included fixtures and fittings

2. Original Lease Summary: Key details from the original lease including commencement date, rent, and key terms

3. Financial Settlement Statement: Detailed breakdown of all financial settlements including deposits, outstanding rent, and utility charges

4. Handover Inspection Report: Condition report of the property at termination, including photographs and noted defects

5. Required Reinstatement Works: List of any repairs or modifications required before handover

6. Utilities Status: List of utility accounts and their status, including final readings and payment confirmations