The Company Let Agreement is a specialized commercial lease agreement designed for use in the United Arab Emirates, where a corporate entity takes occupation of commercial, industrial, or mixed-use property. This document is essential when businesses seek to establish their physical presence in the UAE market, requiring compliance with both Federal Law No. 5 of 1985 (Civil Code) and specific emirate-level property regulations. The agreement covers crucial elements including corporate guarantees, maintenance obligations, service charges, and specific use restrictions, while ensuring alignment with local property registration requirements. It's particularly relevant for companies expanding operations, relocating offices, or establishing new branches in the UAE, and includes provisions that address unique aspects of UAE commercial property law and corporate tenancy requirements.

1. Parties: Details of the landlord company and tenant company, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, including brief description of the property and purpose of the letting

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Term', 'Rent', 'Service Charge', and other relevant definitions

4. Demise: The formal grant of the lease, specifying the property being let and the term of the lease

5. Rent and Payment Terms: Details of rent amount, payment frequency, payment method, and rent review provisions

6. Service Charges: Provisions regarding additional charges for services, maintenance, and utilities

7. Tenant Covenants: The tenant's obligations including maintenance, repair, use restrictions, and compliance with laws

8. Landlord Covenants: The landlord's obligations including insurance, structural repairs, and quiet enjoyment

9. Insurance: Requirements for building insurance, contents insurance, and public liability insurance

10. Assignment and Subletting: Provisions regarding the transfer of the lease or subletting of the property

11. Termination: Circumstances under which the lease can be terminated and the process for termination

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction