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Rent To Rent Management Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Rent To Rent Management Contract

"I need a Rent to Rent Management Contract for a luxury villa in Dubai Marina, where my company will guarantee the owner AED 50,000 monthly rent and manage it as a holiday home with the right to sub-let on short-term basis starting March 2025."

Document background
The Rent To Rent Management Contract is essential for property management arrangements in the UAE where a management company seeks to lease a property from an owner with the right to sub-let it to other tenants. This arrangement is particularly relevant in Dubai and other emirates where the property market includes both long-term and holiday rentals. The document must comply with UAE Federal Laws, local emirate-specific property regulations, and RERA requirements. It typically includes detailed provisions for guaranteed rent payments, property management responsibilities, maintenance obligations, and sub-letting rights. This type of agreement has become increasingly important with the growth of professional property management services and the holiday homes market in the UAE, requiring careful consideration of both commercial terms and regulatory compliance.
Suggested Sections

1. Parties: Identification of the Property Owner (Head Landlord) and the Management Company

2. Background: Context of the agreement, including property details and business arrangement overview

3. Definitions: Key terms used throughout the agreement including Property, Management Services, Rental Income, etc.

4. Appointment and Term: Formal appointment of the management company and duration of the agreement

5. Management Rights and Obligations: Detailed scope of management company's rights and responsibilities

6. Property Owner's Obligations: Head landlord's ongoing responsibilities and commitments

7. Financial Terms: Guaranteed rent amounts, payment terms, and profit-sharing arrangements

8. Property Maintenance and Management: Standards for property maintenance, repairs, and ongoing management

9. Compliance and Reporting: Legal compliance requirements and regular reporting obligations

10. Insurance and Liability: Required insurance coverage and allocation of risks

11. Default and Remedies: Events of default and corresponding remedial actions

12. Termination: Circumstances and procedures for agreement termination

13. Governing Law and Dispute Resolution: Application of UAE law and dispute resolution procedures

Optional Sections

1. Sub-letting Provisions: Specific terms for sub-letting, used when management company will engage in short-term rentals

2. Furniture and Fittings: Detailed terms regarding furnished properties, included when property is provided furnished

3. Marketing Rights: Terms for property marketing and advertising, relevant for vacation rentals or high-turnover properties

4. Property Improvement Works: Terms for property improvements or renovations, included when significant upgrades are planned

5. Emergency Procedures: Specific procedures for emergency situations, important for larger or commercial properties

6. Staff and Contractors: Terms regarding on-site staff or regular contractors, relevant for larger properties

7. Utilities Management: Specific terms for utility management, relevant when utilities are complex or shared

Suggested Schedules

1. Property Schedule: Detailed description of the property, including address, size, features, and condition

2. Financial Schedule: Detailed breakdown of guaranteed payments, fees, and financial arrangements

3. Service Level Agreement: Specific performance metrics and service standards

4. Inventory List: Detailed inventory of furniture and fittings if property is furnished

5. Maintenance Schedule: Regular maintenance requirements and responsibilities

6. Required Licenses and Permits: List of necessary licenses and permits for property operation

7. Insurance Requirements: Detailed insurance requirements and coverage specifications

8. Approved Sub-letting Terms: Standard terms for sub-letting arrangements

9. Property Rules and Regulations: Building or community rules that must be followed

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















































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Relevant Industries

Real Estate

Property Management

Hospitality

Short-term Rentals

Commercial Property

Residential Property

Tourism Accommodation

Property Investment

Relevant Teams

Legal

Real Estate

Operations

Property Management

Commercial

Risk and Compliance

Facilities Management

Asset Management

Investment

Leasing

Relevant Roles

Property Manager

Real Estate Director

Operations Manager

Legal Counsel

Commercial Director

Asset Manager

Facilities Manager

Leasing Manager

Property Investment Manager

Risk Manager

Compliance Officer

Real Estate Portfolio Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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