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1. Parties: Identification of the Landlord and Tenant with full legal names, Emirates ID numbers, and contact details
2. Background: Brief description of the existing lease agreement, including its date, property details, and reason for termination
3. Definitions: Key terms used in the agreement including 'Property', 'Termination Date', 'Security Deposit', and 'Handover Date'
4. Termination: Clear statement of the mutual agreement to terminate the lease, specifying the effective termination date
5. Handover Requirements: Detailed conditions for property handover, including cleaning, repairs, and restoration requirements
6. Security Deposit: Terms for the return of the security deposit, including deductions if any and timeline for return
7. Settlement of Accounts: Agreement on final utility bills, maintenance charges, and any other outstanding payments
8. Release and Waiver: Mutual release from future claims and obligations related to the lease
9. Governing Law and Jurisdiction: Specification that UAE law governs the agreement and designation of relevant courts
10. Execution: Signature blocks for all parties and witnesses
1. Broker Fees: Required if a real estate broker was involved in the termination process
2. Dispute Resolution: Optional clause for specific dispute resolution procedures, recommended for high-value properties
3. Maintenance Obligations: Detailed section needed for commercial properties or when specific maintenance issues exist
4. Assignment and Sublease Termination: Required if there are any existing subleases or assignments that need to be terminated
5. Keys and Access Devices: Detailed section needed for properties with complex access systems or multiple sets of keys
6. Tenant Improvements: Required for commercial properties where tenant has made improvements or modifications
1. Schedule 1 - Property Details: Detailed description of the property including address, size, and any included fixtures/fittings
2. Schedule 2 - Inventory List: List of any furniture, appliances, or items included in the original lease
3. Schedule 3 - Handover Inspection Report: Detailed inspection report documenting the condition of the property at termination
4. Schedule 4 - Outstanding Payments: Itemized list of any outstanding payments or adjustments
5. Appendix A - Original Lease Agreement: Copy of the original lease agreement being terminated
6. Appendix B - Utility Account Details: List of utility accounts and status of final readings/payments
Real Estate
Residential Property
Commercial Property
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Industrial
Office Space
Manufacturing
Logistics
Healthcare
Education
Professional Services
Legal
Real Estate Operations
Facilities Management
Property Management
Asset Management
Contract Administration
Risk Management
Compliance
Property Operations
Tenant Relations
Property Manager
Real Estate Agent
Leasing Manager
Facilities Manager
Legal Counsel
Property Administrator
Asset Manager
Tenant Relations Manager
Real Estate Operations Manager
Contract Administrator
Property Owner
Building Manager
Real Estate Portfolio Manager
Compliance Officer
Risk Manager
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