The Parking Sublease Agreement serves as a crucial legal instrument in the UAE's property market, particularly in dense urban areas where parking spaces are valuable assets. This document is typically used when a primary tenant wishes to sublease their parking rights to another party, whether for commercial or residential purposes. The agreement must comply with UAE Civil Code requirements, local municipality regulations, and specific emirate-level property laws. The document includes detailed provisions about the parking space location, access rights, payment terms, and usage restrictions. As a formal Parking Sublease Agreement, it requires careful consideration of both the master lease terms and local parking regulations to ensure enforceability and proper protection of all parties' interests.
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1. Parties: Identification of the head tenant (sublessor) and sublessee, including full legal names and contact details
2. Background: Context of the agreement, including reference to the master lease and authority to sublease
3. Definitions: Key terms used throughout the agreement including 'Parking Space', 'Common Areas', 'Access Hours', etc.
4. Grant of Sublease: Specific terms of the sublease grant, including the exact parking space(s) being subleased
5. Term and Renewal: Duration of the sublease agreement and any renewal options
6. Rent and Payment Terms: Financial terms including rent amount, payment schedule, and payment methods
7. Security Deposit: Details of security deposit amount, terms of hold and return
8. Use of Parking Space: Permitted use, restrictions, and access hours
9. Maintenance and Repairs: Responsibilities for maintaining the parking space
10. Insurance and Liability: Insurance requirements and allocation of risk
11. Default and Remedies: Events of default and available remedies
12. Termination: Grounds for termination and process
13. General Provisions: Standard clauses including notices, governing law, and dispute resolution
1. Access Control Systems: Details of electronic access cards, remote controls, or other access systems when applicable
2. Vehicle Registration: Required when specific vehicles must be registered for use of the space
3. Charging Facilities: For parking spaces with electric vehicle charging capabilities
4. Valet Services: When valet parking services are included in the arrangement
5. Signage Rights: For commercial arrangements where sublessee has rights to display signage
6. Special Use Provisions: For spaces designated for specific purposes (e.g., handicapped parking, oversized vehicles)
1. Schedule 1 - Parking Space Plan: Detailed plan showing the exact location and dimensions of the parking space(s)
2. Schedule 2 - Access Hours and Procedures: Detailed breakdown of access times and entry/exit procedures
3. Schedule 3 - Fee Schedule: Detailed breakdown of all applicable fees and charges
4. Schedule 4 - Building Rules and Regulations: Copy of relevant building rules affecting parking usage
5. Schedule 5 - Permitted Vehicles: List of registered vehicles permitted to use the space (if applicable)
6. Appendix A - Copy of Master Lease Relevant Provisions: Relevant excerpts from the master lease affecting the sublease
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