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Commercial Property Rental Agreement
"I need a Commercial Property Rental Agreement for a retail space in Dubai Mall, starting from March 1, 2025, with specific provisions for store fit-out works and digital signage rights."
1. Parties: Details of the Landlord and Tenant, including trade license information and authorized signatories
2. Background: Context of the agreement and brief description of the property and intended commercial use
3. Definitions: Definitions of key terms used throughout the agreement, including UAE-specific legal terminology
4. Property Details: Comprehensive description of the leased premises, including location, size, and permitted use
5. Term and Renewal: Duration of lease, commencement date, and renewal provisions as per UAE law
6. Rent and Payment Terms: Rent amount, payment schedule, security deposit, and method of payment
7. Service Charges and Utilities: Allocation of responsibility for service charges, utilities, and maintenance costs
8. Use of Premises: Permitted commercial activities and restrictions on use
9. Maintenance and Repairs: Responsibilities of both parties regarding maintenance, repairs, and alterations
10. Insurance Requirements: Mandatory insurance coverage requirements for both parties
11. Landlord's Obligations: Specific duties and responsibilities of the landlord under UAE law
12. Tenant's Obligations: Specific duties and responsibilities of the tenant under UAE law
13. Assignment and Subletting: Conditions for assignment or subletting the premises
14. Termination: Grounds and procedures for termination as per UAE law
15. Notices: Process for serving legal notices between parties
16. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes
17. Registration Requirements: Requirements for Ejari/Tawtheeq registration and related procedures
1. Fit-out Works: Details of any permitted modifications or improvements to the premises, used when tenant will undertake initial fit-out
2. Break Clause: Early termination provisions, included when early break options are negotiated
3. Force Majeure: Provisions for unforeseen circumstances affecting the lease, particularly relevant post-COVID
4. Guarantees: Corporate or personal guarantee requirements, included when additional security is required
5. Change of Control: Provisions regarding change in tenant's ownership, relevant for corporate tenants
6. Service Level Agreement: Specific service standards for building management, included for high-end commercial properties
7. Green Lease Provisions: Environmental and sustainability requirements, included for green-certified buildings
8. Marketing and Signage: Rules regarding external signage and marketing displays, relevant for retail premises
1. Property Floor Plan: Detailed floor plan and measurements of the leased premises
2. Rent Payment Schedule: Detailed breakdown of rent payments and due dates
3. Service Charge Budget: Estimated annual service charges and breakdown of components
4. Condition Report: Detailed report on the condition of the premises at lease commencement
5. Permitted Alterations: Specifications of allowed modifications to the premises
6. Building Rules and Regulations: Specific rules governing the use of the building and common areas
7. Handover Protocol: Procedures and checklist for property handover
8. Required Licenses and Permits: List of mandatory licenses and permits for commercial operation
9. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
Authors
Retail
Office Space
Hospitality
Industrial
Warehousing
Healthcare
Education
Financial Services
Technology
Professional Services
Manufacturing
Logistics
Food and Beverage
Entertainment
Legal
Finance
Operations
Facilities Management
Real Estate
Procurement
Risk and Compliance
Corporate Services
Business Development
Administration
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Real Estate Manager
Facilities Manager
Legal Counsel
Property Manager
Operations Director
Finance Director
Business Development Manager
Procurement Manager
Office Manager
Commercial Director
Expansion Manager
Corporate Services Manager
Risk Manager
Compliance Officer
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