Intent To Lease Form for United Arab Emirates

Intent To Lease Form Template for United Arab Emirates

An Intent to Lease Form is a preliminary document used in the United Arab Emirates real estate market that outlines the proposed terms and conditions between a prospective landlord and tenant before entering into a formal lease agreement. This document, while generally non-binding except for specific provisions, establishes key commercial terms, property details, and the framework for future negotiations. It must comply with UAE Federal Law and specific emirate-level regulations, particularly those of RERA in Dubai or relevant authorities in other emirates. The document serves as a crucial step in the leasing process, protecting both parties' interests while due diligence and final lease terms are being negotiated.

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What is a Intent To Lease Form?

The Intent To Lease Form is a essential preliminary document in UAE real estate transactions, commonly used when parties have reached initial agreement on key terms but require a formal framework for proceeding with detailed negotiations and due diligence. This document type is particularly relevant in the UAE's sophisticated real estate market, where both local and international parties frequently engage in complex leasing transactions. The form typically includes proposed commercial terms, property details, timeline for execution, and any special conditions, while ensuring compliance with UAE Federal Law and emirate-specific regulations. While predominantly non-binding, the Intent To Lease Form serves as a crucial stepping stone toward the final lease agreement, providing structure and clarity to the pre-lease phase while protecting both parties' interests during negotiations.

What sections should be included in a Intent To Lease Form?

1. Parties: Identification of the prospective landlord and tenant, including full legal names, addresses, and relevant registration numbers for companies

2. Background: Brief context explaining the parties' intention to enter into a lease agreement for the specified property

3. Definitions: Key terms used throughout the document, including Property, Proposed Lease, Due Diligence Period, and Deposit

4. Property Details: Specific description of the property including address, size, and any relevant property identification numbers

5. Commercial Terms: Key proposed terms including rent, lease duration, payment terms, and intended use of property

6. Due Diligence: Timeline and process for conducting property inspection and document verification

7. Deposit Terms: Amount, payment timing, and conditions for refund or conversion of any initial deposit

8. Timeline: Expected dates for lease execution, handover, and other key milestones

9. Non-Binding Nature: Clear statement that this is not a binding lease agreement except for specific clauses

10. Governing Law: Specification that the document is governed by UAE law and relevant emirate-specific regulations

What sections are optional to include in a Intent To Lease Form?

1. Exclusivity Period: Used when parties want to establish an exclusive negotiation period, preventing the landlord from offering the property to other potential tenants

2. Conditions Precedent: Include when there are specific conditions that must be met before proceeding with the lease (e.g., obtaining specific licenses or permits)

3. Broker Details: Required when a real estate broker is involved in the transaction, including broker's details and commission arrangements

4. Fit-out Provisions: Include when the tenant intends to carry out significant modifications to the property

5. Special Requirements: Used when either party has specific requirements or conditions that need to be addressed in the final lease

What schedules should be included in a Intent To Lease Form?

1. Property Layout Plan: Floor plan or layout drawing of the property showing the premises to be leased

2. Commercial Terms Sheet: Detailed breakdown of proposed commercial terms including rent, service charges, and payment schedule

3. Property Title Details: Copy or summary of property ownership documentation and any relevant certificates

4. Due Diligence Checklist: List of documents and verifications required during the due diligence period

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

Publisher

Genie AI

Document Type

Letter of Intent

Cost

Free to use
Relevant Industries

Real Estate

Commercial Property

Retail

Hospitality

Industrial

Healthcare

Education

Financial Services

Technology

Professional Services

Manufacturing

Logistics

Residential Property

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Procurement

Compliance

Property Management

Asset Management

Business Development

Risk Management

Relevant Roles

Real Estate Manager

Property Manager

Facilities Manager

Legal Counsel

Corporate Lawyer

Real Estate Broker

Leasing Manager

Operations Director

Chief Financial Officer

Business Development Manager

Asset Manager

Commercial Director

Procurement Manager

Real Estate Investment Manager

Compliance Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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