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Property License Agreement

Property License Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Property License Agreement

"I need a Property License Agreement for a retail space in Dubai Mall, where my company will operate a luxury fashion boutique from March 1, 2025, with specific requirements for store fit-out and operating hours during peak shopping seasons."

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Document background
The Property License Agreement is widely used in the United Arab Emirates' dynamic real estate sector, where flexible property usage arrangements are increasingly common. This document type is particularly relevant when traditional lease arrangements are not suitable or when specific usage rights need to be granted without transferring full possessory rights. The agreement complies with UAE federal laws, including the Civil Code and Commercial Transactions Law, as well as emirate-specific property regulations. It's commonly used for commercial spaces, retail units, temporary facilities, and specialized use cases where the property owner wants to maintain significant control while granting specific usage rights. The document typically includes detailed provisions on permitted use, duration, fees, maintenance obligations, and compliance with local property regulations.
Suggested Sections

1. Parties: Identification of the Licensor and Licensee with full legal names, addresses, and registration details as required by UAE law

2. Background: Context of the agreement, property details, and purpose of the license arrangement

3. Definitions: Defined terms used throughout the agreement, including property-specific terminology and UAE legal terms

4. Grant of License: Specific terms of the license, including scope, limitations, and permitted use of the property

5. Term and Renewal: Duration of the license, commencement date, expiry, and renewal provisions

6. License Fee: Payment terms, amounts, payment schedule, and method of payment

7. Obligations of the Licensor: Licensor's responsibilities including maintenance, access, and compliance with laws

8. Obligations of the Licensee: Licensee's duties including proper use, compliance with regulations, and maintenance obligations

9. Property Rules and Regulations: Specific rules governing the use of the property and compliance with local regulations

10. Insurance and Liability: Insurance requirements and allocation of risks between parties

11. Termination: Grounds for termination, notice requirements, and consequences of termination

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

Optional Sections

1. Fit-Out Works: Include when the licensee is permitted to carry out modifications or improvements to the property

2. Utilities and Services: Include when there are specific arrangements for utility connections and service charges

3. Security Deposit: Include when a security deposit is required from the licensee

4. Assignment and Sublicensing: Include when transfer of rights or sublicensing is permitted under specific conditions

5. Force Majeure: Include when specific force majeure provisions are needed beyond standard UAE law provisions

6. Environmental Compliance: Include for properties where environmental regulations are particularly relevant

7. Intellectual Property: Include when the license involves use of branded spaces or intellectual property rights

Suggested Schedules

1. Property Description: Detailed description of the licensed property including floor plans and measurements

2. License Fee Schedule: Detailed breakdown of fees, payment dates, and escalation provisions

3. Permitted Use: Specific details of allowed activities and use restrictions

4. Property Rules and Regulations: Detailed building rules, access times, and operational guidelines

5. Maintenance Schedule: Breakdown of maintenance responsibilities between licensor and licensee

6. Handover Condition Report: Detailed description of property condition at commencement of license

7. Required Insurances: Specific insurance types and coverage amounts required

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions


























Clauses






























Relevant Industries

Real Estate

Retail

Hospitality

Commercial Office Space

Industrial and Warehousing

Healthcare

Education

Entertainment and Leisure

Food and Beverage

Technology and Innovation Hubs

Relevant Teams

Legal

Real Estate

Operations

Facilities Management

Commercial

Compliance

Property Management

Asset Management

Business Development

Finance

Relevant Roles

Property Manager

Real Estate Director

Facilities Manager

Legal Counsel

Commercial Director

Operations Manager

Asset Manager

Compliance Officer

Business Development Manager

Real Estate Investment Manager

Property Services Coordinator

Leasing Manager

Contract Administrator

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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