The Tenancy Release Form is a crucial document in UAE property management, designed to facilitate the formal conclusion of rental agreements in compliance with UAE federal laws and emirate-specific regulations. It is typically used when both parties agree to terminate a lease, whether at its natural end or prematurely. The document encompasses essential elements required by UAE law, including property details, financial settlements, utility arrangements, and mutual releases from contractual obligations. This form is particularly important in the UAE market where property relationships are strictly regulated, and formal documentation is required for various post-tenancy procedures such as deposit returns and utility disconnections. The document serves as a legal record of the agreement between parties and helps prevent future disputes by clearly outlining the terms of the lease termination.
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1. Property Details: Full address and description of the leased property including any assigned parking spaces or facilities
2. Original Lease Reference: Details of the original tenancy contract including date, term, and rent amount
3. Termination Date: Clear statement of the agreed termination date and confirmation that both parties agree to this date
4. Handover Arrangements: Specific details about when and how keys will be returned and property inspection will be conducted
5. Financial Settlement: Details of final payments, including rent reconciliation and security deposit return arrangements
6. Mutual Release: Statement releasing both parties from future obligations under the lease, subject to conditions being met
7. Execution: Signature blocks for all parties and dates
1. Early Termination Fees: Required when the release involves termination before the natural end of the lease term
2. Damage Claims: To be included when there are specific property damage issues to be addressed
3. Utility Connections: Required when there are specific arrangements needed for utility account transfers or final readings
4. Forwarding Address: Include when specific arrangements are needed for future correspondence or deposit return
5. Outstanding Maintenance: Required when there are pending maintenance issues to be resolved
6. Third Party Approvals: Needed when the release requires approval from building management or other authorities
1. Schedule 1 - Property Condition Report: Detailed documentation of the property's condition at handover, including photographs
2. Schedule 2 - Financial Statement: Breakdown of all financial settlements including rent, deposits, and any deductions
3. Schedule 3 - Utility Readings: Final readings for all relevant utilities and confirmation of account closures
4. Schedule 4 - Handover Inventory: List of items to be handed over (keys, access cards, parking permits, etc.)
5. Appendix A - Property Photographs: Dated photographs documenting the condition of the property at handover
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