Space under 1,500 sq. ft. – 1 to 3 year term plus an option to renew for a term equal or more than the original term
Space over 1,500 sq. ft. – 3 to 5 year term plus an option to renew for a term equal or more than the original term
AED/sq. ft./annum on net lettable area. May include service charges.
Landlords will usually require a break clause to be supported by a 3 to 6 months’ notice accompanied by a period 3 to 6 month penalty.
Tenant, in case of minor repairs ranging between AED 500-2,000. Usually a predetermined amount mentioned in the contract. In case of major repairs such as structural or MEP, it comes under the landlord.
Service charges usually included in rent.
Landlord/Owners Association pays for the repairs to the structure, roof etc. and does not pass the charges onto the tenant.
• Service charges in a Class A building range from AED 25-30 AED/sq. ft./ annum
• In the case of a strata title office, the service charges are usually paid by the landlord while in the case of a single landlord office, the rent and service charges are segregated, and the tenant pays both
• The tenant may choose a legal consultant.
• Utility connection and consumption/ services, for example IT.
Usually annual but can vary from 1-4 payments over the year.
Rent normally escalates annually in line with CPI. In case of a renewal, rent is escalated in line with the governing authorities rental index regulations
Usually at the end of contract term.
The area quoted is known as net lettable area. This comprises net area excluding walls, structural columns and common areas.
Usually above 75%.
The tenant usually undertakes the fit-out with their contractors and construction workers supervised by the tenant’s architect and approved by the local regulatory body.
Some landlords provide fit- out allowances or rent-free periods and they range anywhere between 2-6 months depending upon the term of the lease