This Lease Termination Agreement Template is designed for use in the United Arab Emirates when parties wish to formally end a lease agreement before its natural expiration or document the terms of an ending lease. It complies with UAE Federal Law No. 5 of 1985 and incorporates specific requirements from individual emirates' regulations, such as Dubai's Law No. 26 of 2007 and Abu Dhabi's Law No. 20 of 2006. The template can be used for both residential and commercial properties, providing a structured framework for addressing key termination aspects including handover procedures, financial settlements, security deposit returns, and utility disconnections. It includes optional sections for specific circumstances such as furnished properties or commercial premises, making it adaptable to various leasing situations while maintaining legal compliance.
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1. Parties: Identification of the Landlord and Tenant with full legal names and details
2. Background: Brief recital of the original lease agreement details and the mutual intention to terminate
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Clear specification of when the lease will terminate
5. Handover Requirements: Detailed conditions for property handover and inspection procedures
6. Financial Settlement: Terms for security deposit return, final rent payment, and utility bill settlements
7. Release and Waiver: Mutual release from future claims and obligations under the original lease
8. Keys and Access: Provisions regarding return of keys and access cards
9. Governing Law: Specification of UAE law and relevant emirate jurisdiction
10. Execution: Signature blocks and execution requirements
1. Maintenance Obligations: Used when specific repairs or maintenance issues need to be addressed before termination
2. Broker Fees: Include when there are outstanding or pro-rated broker fees to be addressed
3. Furnished Property Provisions: Required for leases of furnished properties, addressing inventory and condition
4. Outstanding Disputes: Include when there are existing disputes that need to be resolved
5. Assignment of Contracts: For commercial properties where service contracts need to be addressed
6. Marketing Period: Include when agreement allows landlord to show property to potential new tenants
7. Tenant Improvements: Used when addressing fixtures or improvements made by tenant
1. Property Details: Detailed description of the property including address and any parking spaces
2. Financial Statement: Breakdown of all financial settlements including rent, deposits, and utilities
3. Inventory List: For furnished properties, detailed list of furniture and fixtures
4. Handover Checklist: Inspection checklist for property condition at termination
5. Outstanding Payments: Schedule of any pending payments or adjustments
6. Utility Accounts: List of utility accounts to be terminated or transferred
Relevant legal definitions
Agreement
Original Lease
Property
Termination Date
Handover Date
Security Deposit
Effective Date
Landlord
Tenant
Premises
Common Areas
Outstanding Charges
Final Inspection
Handover Protocol
Utility Charges
Service Charges
Maintenance Charges
Final Settlement
Keys and Access Devices
Building
Property Manager
Fixtures and Fittings
Working Day
Clearance Certificate
Applicable Law
Competent Authority
Notice Period
Outstanding Obligations
Permitted Use
Release Date
Original Lease
Property
Termination Date
Handover Date
Security Deposit
Effective Date
Landlord
Tenant
Premises
Common Areas
Outstanding Charges
Final Inspection
Handover Protocol
Utility Charges
Service Charges
Maintenance Charges
Final Settlement
Keys and Access Devices
Building
Property Manager
Fixtures and Fittings
Working Day
Clearance Certificate
Applicable Law
Competent Authority
Notice Period
Outstanding Obligations
Permitted Use
Release Date
Clauses
Interpretation
Termination
Property Handover
Financial Settlement
Security Deposit
Utilities Settlement
Release and Waiver
Representations and Warranties
Outstanding Obligations
Keys and Access
Inspection
Maintenance
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Force Majeure
Confidentiality
Assignment
Counterparts
Further Assurance
Costs
Amendment
Third Party Rights
Termination
Property Handover
Financial Settlement
Security Deposit
Utilities Settlement
Release and Waiver
Representations and Warranties
Outstanding Obligations
Keys and Access
Inspection
Maintenance
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Force Majeure
Confidentiality
Assignment
Counterparts
Further Assurance
Costs
Amendment
Third Party Rights
Relevant Industries
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Industrial
Office Space
Healthcare
Education
Manufacturing
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Property Management
Asset Management
Tenant Relations
Contract Administration
Compliance
Property Services
Relevant Roles
Property Manager
Real Estate Manager
Leasing Manager
Legal Counsel
Facilities Manager
Asset Manager
Property Administrator
Tenant Relations Manager
Operations Manager
Contract Administrator
Real Estate Agent
Building Manager
Compliance Officer
Property Services Coordinator
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