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1. Parties: Identification of the Landlord and Tenant, including full legal names, commercial registration details, and authorized representatives
2. Background: Details of the original lease agreement, property description, and circumstances leading to termination
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specific date when the lease will terminate and handover will occur
5. Mutual Agreement to Terminate: Express agreement by both parties to terminate the lease early
6. Financial Settlement: Details of final rent payment, security deposit return, and settlement of any outstanding amounts
7. Handover Requirements: Specific conditions for returning the property, including required repairs and restoration
8. Release and Waiver: Mutual release from future claims related to the lease
9. Confidentiality: Obligations to keep the terms of the termination agreement confidential
10. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes
11. Execution: Signature blocks and execution requirements
1. Broker Fees: Include when a broker was involved in negotiating the termination
2. Third Party Notifications: Include when specific notifications to utility companies, authorities, or other third parties are required
3. Transition Period: Include when a phased handover or transition period is needed
4. Surviving Obligations: Include when certain lease obligations need to survive termination
5. Insurance Requirements: Include when specific insurance must be maintained post-termination
6. Non-Competition: Include when restricting tenant from operating nearby competing business
7. Media Communications: Include when parties need to agree on public announcements about the termination
1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement and any amendments
2. Schedule 2 - Property Inventory: Detailed inventory of fixtures, fittings, and condition assessment
3. Schedule 3 - Financial Statement: Breakdown of all financial settlements, including outstanding amounts and payment terms
4. Schedule 4 - Handover Checklist: Detailed list of handover requirements and condition standards
5. Schedule 5 - Required Repairs: List of repairs or restoration work required before handover
6. Appendix A - Power of Attorney: If applicable, authorization documents for signatories
7. Appendix B - Company Registration Documents: Relevant corporate documents proving authority to terminate
Real Estate
Retail
Hospitality
Manufacturing
Professional Services
Healthcare
Education
Technology
Financial Services
Logistics
Industrial
Construction
Media & Entertainment
Legal
Real Estate
Operations
Facilities Management
Finance
Compliance
Property Management
Asset Management
Risk Management
Commercial Operations
Administration
Property Manager
Facilities Manager
Real Estate Director
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Business Development Manager
Compliance Officer
Asset Manager
Leasing Manager
Contract Manager
Real Estate Portfolio Manager
General Counsel
Managing Director
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