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Early Termination Of Lease Agreement for United Arab Emirates

Early Termination Of Lease Agreement Template for United Arab Emirates

This document is a comprehensive template for the early termination of lease agreements in the United Arab Emirates, specifically designed to comply with UAE Federal Laws and emirate-specific regulations. It provides a structured framework for landlords and tenants to mutually agree to end their lease agreement before its original expiration date, ensuring compliance with local property laws and RERA regulations. The template includes provisions for financial settlements, property handover procedures, and mutual releases of obligations, while incorporating specific requirements of UAE property law and local municipal regulations.

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Early Termination Of Lease Agreement

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What is a Early Termination Of Lease Agreement?

The Early Termination of Lease Agreement Template is designed for use in the United Arab Emirates when parties wish to formally end a lease agreement before its scheduled expiration date. This document is essential in both residential and commercial contexts, particularly in major emirates like Dubai and Abu Dhabi, where specific property laws govern such transactions. The template incorporates requirements from UAE Civil Code, relevant emirate-specific property laws, and RERA regulations, ensuring full compliance with local legal frameworks. It is structured to address key aspects including financial settlements, property handover procedures, and mutual releases, while providing flexibility to accommodate various termination scenarios. The document is particularly relevant in situations involving relocation, property sales, or mutual agreement to end tenancy early, and includes provisions for proper registration with relevant authorities.

What sections should be included in a Early Termination Of Lease Agreement?

1. Parties: Identification of the Landlord and Tenant with full legal names, Emirates ID numbers, and contact details

2. Background: Reference to the original lease agreement, its date, and property details

3. Definitions: Key terms used in the agreement including 'Termination Date', 'Property', 'Original Lease', and 'Settlement Amount'

4. Early Termination Agreement: Mutual agreement to terminate the lease before its original end date

5. Termination Date: Specific date when the lease will be terminated and handover will occur

6. Financial Settlement: Details of any payments, penalties, or security deposit returns

7. Handover Requirements: Condition requirements for returning the property and inspection procedures

8. Release of Obligations: Mutual release of future obligations under the original lease

9. Governing Law and Jurisdiction: Confirmation that UAE law governs the agreement and specification of relevant emirate jurisdiction

10. Execution: Signature blocks and execution requirements

What sections are optional to include in a Early Termination Of Lease Agreement?

1. Maintenance Conditions: Used when specific repairs or maintenance is required before handover

2. Utility Settlement: Include when there are outstanding utility payments or transfer requirements

3. Third Party Notifications: Required when there are registered tenancies that need notification to authorities

4. Payment Plan: Include when the settlement amount is to be paid in installments

5. Broker Provisions: Used when a real estate broker is involved in the termination process

6. Force Majeure: Include when termination is due to extraordinary circumstances

What schedules should be included in a Early Termination Of Lease Agreement?

1. Schedule 1 - Property Details: Detailed description of the property including address, size, and any inclusions/exclusions

2. Schedule 2 - Financial Statement: Breakdown of all financial settlements, including security deposit, penalties, and outstanding amounts

3. Schedule 3 - Handover Checklist: Detailed list of items to be checked during property inspection

4. Schedule 4 - Original Lease Summary: Key details from the original lease agreement being terminated

5. Appendix A - Property Photographs: Current photographs of the property condition (if required)

6. Appendix B - Required Documents: List of documents required for submission to relevant authorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Document Type

Cancellation Letter

Cost

Free to use
Relevant legal definitions






























Clauses






























Relevant Industries

Real Estate

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Relevant Roles

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Tenant Relations Manager

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Contract Manager

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