Dubai is one of the most affluent cities in the Arab world. Anyone looking for a tax-free income in a largely crime-free atmosphere would be encouraged to migrate or invest in this emirate because of its world-class educational institutions, shopping malls, and theme parks. However, living in Dubai necessitates a fast-paced way of life.
Dubai’s dynamic property market can be a headache for many. Still, with the help of a reliable real estate agent, the process of searching property for rent in UAE can be made simple and stress-free. Before beginning your search, it is a good idea to have a broad concept of what type of home you are seeking, how much money you have to work with, and how many rooms you need.
The Government of Dubai established the real Estate Regulatory Authority (RERA) to monitor and regulate the market. In Dubai, RERA tenancy contract rules govern the rights and responsibilities of renters and landlords; therefore, you should familiarise yourself with them before signing your rental contract before finalizing property for rent in UAE.
Know about the rights of a tenant and a landlord?
There are strict rules in place in Dubai when it comes to properties for rent in UAE. These rules are enforced by the Real Estate Regulatory Agency (RERA) to ensure that there are no conflicts or miscommunications.
Clauses of Tenancy Agreement are vital.
When signing the typical leasing agreement, landlords and tenants can include an addendum outlining their contracts, such as who pays for services (like the chiller). In what circumstances does a landlord’s “No Objection Certificate” (NOC) become necessary? If you don’t, you must register the tenancy contract and any amendments with RERA, which is essential.
• Tenancy contracts cannot be dissolved by a single party unless otherwise agreed by the parties. This means that if the tenant continues to occupy the property after the contract expires, the terms and circumstances of the contract are automatically extended for a similar duration or one year (whichever is shorter), with the same terms and conditions.
• At least 90 days before the tenancy contract is due to expire, the landlord must notify the tenant in writing of his intention to terminate or change the contract.
• The tenancy contract is not automatically ended in the event of the death of either the landlord or the tenant. If the tenant’s heirs wish to terminate the agreement, the landlord must be notified at least 30 days before the date of the tenant’s death, at which point the arrangement will be terminated.
• If a new owner takes over the home, the tenant’s right to remain in the property will not be affected if the properties for rent in UAE contract includes a stated end date.
Before signing a lease agreement, you should know your rights and duties as a renter in Dubai. Also, make sure you know exactly what your landlord’s responsibilities are before you sign any paperwork. If you fail to notice any ambiguities or inaccuracies in your tenancy agreement, you may find yourself in a difficult situation in the future. Hence, renting out a property is not a very challenging task in Dubai. All you have to do is, get in touch with the experts who can help out in the entire process.