Office Lease Agreement (DIFC)

Document Summary

This lease agreement can be used for commercial leasing in the DIFC. It regulates the relationship between the lessor and the lessee. It is important to note that commercial leasing is permitted solely to companies registered in the DIFC or under formation at the time of lease registration. The agreement contains the necessary particulars including term of the lease, the rent payable, and the permitted use.

Description

This lease agreement is drafted in accordance with DIFC Law No. 1/2020 (Leasing Law), DIFC leasing regulations and DIFC Law No. 10/2018 (Real Property Law).

As per article 3 of the DIFC Leasing Law, this law does not apply to a lease that is used for serviced apartments or hotel inventory leased as part of a hotel provided they are appropriately licensed to do so, or if the lease is entered into by parties to a mortgage of the leased premises in accordance with the terms of the mortgage.

This agreement contains the following sections:

1. Definitions and Interpretation
2. Grant of the Lease
3. Effective Date and Duration
4. Rent and Terms of Payment
5. Lessee’s Covenants
6. Lessor’s Covenants
7. Indemnity
8. Notice
9. Waiver
10. Relationship of the Parties
11. Force Majeure
12. Variation
13. Severability
14. Counterparts
15. Entire Agreement
16. Expiry and Termination
17. Governing Law and Jurisdiction

This template is only available in the English language.

Jurisdiction

This document is intended for use in the DIFC.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.