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Dissolution Of Lease Agreement
"I need a Dissolution of Lease Agreement for my residential apartment in Dubai Marina, with a mutually agreed termination date of March 1, 2025, including standard settlement terms and security deposit return within 14 days of handover."
1. Parties: Identification of the Landlord and Tenant with full legal names and addresses
2. Background: Details of the original lease agreement including date, property details, and reason for dissolution
3. Definitions: Definitions of key terms used in the agreement including 'Lease Agreement', 'Property', 'Termination Date', and 'Settlement Amount'
4. Mutual Agreement to Terminate: Express agreement by both parties to terminate the lease and the effective termination date
5. Settlement of Accounts: Details of all financial settlements including rent, utilities, maintenance charges, and other payments
6. Property Handover: Specific terms and conditions for returning the property, including condition requirements and inspection procedures
7. Release and Discharge: Mutual release from future obligations under the original lease agreement
8. Governing Law and Jurisdiction: Confirmation that the agreement is governed by UAE law and specification of jurisdiction
9. Execution: Signature blocks for all parties and witnesses
1. Security Deposit: Terms for the return of security deposit, used when a security deposit was part of the original lease
2. Outstanding Repairs: Details of any repairs or maintenance required before property handover, included if property requires specific attention
3. Utilities Transfer: Procedures for transferring or disconnecting utilities, included when utilities are registered in tenant's name
4. Key Return: Specific provisions about return of keys, access cards, or other property access devices
5. Third Party Notifications: Requirements to notify relevant authorities or service providers, included when required by local regulations
6. Surviving Obligations: List of any obligations that survive the termination, used when certain responsibilities continue post-termination
1. Schedule 1 - Property Details: Detailed description of the property including address and any included fixtures/fittings
2. Schedule 2 - Settlement Calculation: Detailed breakdown of all financial settlements including rent, deposits, and deductions
3. Schedule 3 - Property Inspection Report: Current condition report of the property and list of any damages or required repairs
4. Schedule 4 - Handover Checklist: List of items to be completed/checked during the property handover process
5. Appendix A - Original Lease Agreement: Copy of the original lease agreement being dissolved
6. Appendix B - Photographic Evidence: Photos documenting the property condition at termination (if required)
Authors
Real Estate
Residential Property
Commercial Property
Industrial Property
Retail
Hospitality
Office Space
Warehousing
Mixed-Use Development
Legal
Real Estate
Property Management
Operations
Facilities Management
Contract Administration
Compliance
Asset Management
Leasing
Property Services
Property Manager
Real Estate Manager
Leasing Manager
Legal Counsel
Contract Administrator
Facilities Manager
Asset Manager
Property Administrator
Real Estate Agent
Tenancy Coordinator
Operations Manager
Commercial Property Manager
Legal Director
Compliance Officer
Real Estate Operations Director
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