The Rental Waiver is a crucial legal instrument in the United Arab Emirates' property sector, commonly used during periods of economic uncertainty, market adjustments, or specific circumstances affecting a tenant's ability to meet rental obligations. This document type is essential for formalizing temporary or permanent modifications to rental payments while preserving the broader lease relationship. The waiver must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific rental regulations, making it a legally robust tool for landlords and tenants to document agreed changes to rental terms. The document typically includes specific details about the waived amounts or obligations, the duration of the waiver, and any conditions attached to it, ensuring clarity and enforceability under UAE law.
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1. Parties: Identification of the Landlord and Tenant, including full legal names and details
2. Background: Reference to the original lease agreement, its date, and property details
3. Definitions: Key terms used in the waiver document, including 'Lease Agreement', 'Waiver Period', and 'Rental Obligations'
4. Waiver Details: Specific rental obligations being waived, including amounts, periods, and scope of the waiver
5. Duration: Period for which the waiver is valid and applicable
6. Continuing Obligations: Specification of any lease obligations that remain in force despite the waiver
7. Acknowledgments: Parties' confirmation of understanding and agreement to the waiver terms
8. Governing Law and Jurisdiction: Confirmation of UAE law application and relevant emirate jurisdiction
1. Conditions Precedent: Any conditions that must be met before the waiver becomes effective
2. Representations and Warranties: Additional confirmations by either party regarding their authority and capacity
3. Reinstatement Provisions: Terms for reinstating original rental obligations after the waiver period
4. Confidentiality: Requirements for keeping the waiver terms confidential
5. Force Majeure: Provisions relating to extraordinary circumstances affecting the waiver
6. Third Party Rights: Required when other parties' rights might be affected by the waiver
1. Schedule 1 - Original Lease Details: Copy or summary of the original lease agreement details
2. Schedule 2 - Waived Amounts: Detailed breakdown of the specific rental amounts being waived
3. Schedule 3 - Property Details: Detailed description of the property subject to the waiver
4. Appendix A - Supporting Documents: Any relevant supporting documentation such as previous correspondence or payment records
Relevant legal definitions
Clauses
Interpretation
Definitions
Waiver Grant
Scope of Waiver
Duration
Conditions Precedent
Continuing Obligations
Representations and Warranties
Acknowledgments
Implementation
Notices
Amendments
Severability
Entire Agreement
Further Assurance
Assignment
Costs
Counterparts
Governing Law
Jurisdiction
Confidentiality
Third Party Rights
Force Majeure
Compliance with Laws
Registration
Definitions
Waiver Grant
Scope of Waiver
Duration
Conditions Precedent
Continuing Obligations
Representations and Warranties
Acknowledgments
Implementation
Notices
Amendments
Severability
Entire Agreement
Further Assurance
Assignment
Costs
Counterparts
Governing Law
Jurisdiction
Confidentiality
Third Party Rights
Force Majeure
Compliance with Laws
Registration
Relevant Industries
Real Estate
Retail
Commercial Property
Residential Property
Hospitality
Office Space
Industrial
Warehousing
Shopping Centers
Healthcare Facilities
Educational Institutions
Food & Beverage
Relevant Teams
Legal
Real Estate
Property Management
Operations
Finance
Compliance
Facilities Management
Asset Management
Contract Administration
Relevant Roles
Property Manager
Real Estate Manager
Legal Counsel
Corporate Lawyer
Facilities Manager
Asset Manager
Leasing Manager
Operations Director
Real Estate Director
Compliance Officer
Contract Administrator
Property Administrator
Legal Director
Chief Financial Officer
Real Estate Partner
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