Termination Of Lease Agreement By Tenant Template for United Arab Emirates

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Termination Of Lease Agreement By Tenant

I need a Termination of Lease Agreement by Tenant for my Dubai apartment as I'm relocating internationally for work, with the termination to take effect from March 15, 2025, and including provisions for the return of my security deposit and final utility bill settlements.

Document background

The Termination Of Lease Agreement By Tenant is a crucial document used in the UAE real estate market when a tenant wishes to formally end their lease agreement before or at the end of its term. This document is designed to comply with UAE Federal Law No. 5 of 1985 and relevant emirate-specific regulations, such as Dubai Law No. 26 of 2007 for Dubai properties. It is commonly used in situations where tenants need to relocate, face financial difficulties, or have other valid reasons for terminating their lease. The agreement covers essential aspects including notice periods, property condition requirements, utility account settlements, security deposit arrangements, and final payment terms. It provides legal protection for both parties and ensures a structured approach to lease termination in accordance with UAE law.

Suggested Sections

1. Parties: Details of the Tenant and Landlord including full legal names, Emirates ID numbers, and contact information

2. Background: Brief overview of the existing lease agreement, including its date, property details, and reason for termination

3. Definitions: Key terms used in the agreement including 'Lease Agreement', 'Property', 'Termination Date', and 'Security Deposit'

4. Termination Notice: Formal declaration of lease termination, specifying the effective date and notice period compliance

5. Remaining Obligations: Outstanding rent, utility bills, maintenance charges, or other payments due until the termination date

6. Property Handover: Conditions and process for returning the property, including inspection requirements and key return

7. Security Deposit: Terms for the return of the security deposit, including timeline and any deductions

8. Final Settlement: Details of final payments or refunds between parties

9. Governing Law: Confirmation that the agreement is governed by UAE laws

10. Signatures: Execution clause and signature blocks for all parties

Optional Sections

1. Property Damage: Section detailing any damage to the property and associated repair costs, used when there are identified issues during inspection

2. Early Termination Penalty: Details of any penalties for early termination, included when the lease is being terminated before its natural end

3. Forwarding Address: New contact details for the tenant, included when the tenant is relocating

4. Maintenance Works: Details of any pending maintenance works or repairs, included when there are outstanding maintenance issues

5. Third Party Rights: Section addressing any third-party interests or claims, included when relevant (e.g., sublease arrangements)

Suggested Schedules

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

2. Schedule 2 - Financial Statement: Breakdown of all financial settlements including rent, deposits, and deductions

3. Schedule 3 - Utility Account Details: List of utility accounts and their status for transfer or closure

4. Schedule 4 - Handover Checklist: Checklist of items to be returned (keys, access cards, etc.) and tasks to be completed

5. Appendix A - Original Lease Agreement: Copy of the original lease agreement being terminated

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

alex.den.21@genieai.co

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Legal

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Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Contract Administrator

Lease Administrator

Property Administrator

Real Estate Agent

Tenant Relations Manager

Operations Manager

Corporate Services Manager

Relocation Manager

Housing Officer

Administrative Assistant

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Authors

Alex Denne

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