Dubai Property – Regulations between Landlord and the Tenant - PowerPoint PPT Presentation

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Dubai Property – Regulations between Landlord and the Tenant

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The real estate regulatory authority governs and regulates the property sector in the UAE. The authority provides information to potential investors, tenants and property owners on various issues regarding property in Dubai. “The Law Number 33” contains amendments to the law number 26 and is currently used in regulating the real estate sector. The “decree number 2” of the year 2011 regulates the procedures for rental increases, which is based on the rent index of the United Arab Emirates. – PowerPoint PPT presentation

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Title: Dubai Property – Regulations between Landlord and the Tenant


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What laws regulate the landlord and the tenant?
  • There are some basic laws governing the
    relationship between the property owner and the
    tenant. It regulates this relationship by
    defining various terms and conditions involved in
    tenancy. Among the issues contained in this law
    is the tenancy contract and what constitutes its
    validity.

3
What Is The Role of The Real Estate Regulatory
Authority?
  • The real estate regulatory authority governs
    and regulates the property sector in the UAE. The
    authority provides information to potential
    investors, tenants and property owners on various
    issues regarding property in Dubai.

4
What Does the Standard Tenancy Contract State?
  • This document dictates the terms of relation
    between the property owner and tenant. It states
    the reasons of the tenancy, period of contract
    and even the ownership details. It is crucial for
    the tenant to read the finer details of the
    contract to avoid confusion by some landlords
    such as on issues of renewal.

5
Determination of the Rent Value
  • The value of rent must be specified in the
    contract, and if not, then the value is pegged as
    per similar rents of similar premises. The RERA
    determines what constitutes similar premises, and
    specifies the rent increase percentage. This is
    done after considerations of the prevailing
    economic conditions and various other factors.

6
Renewal and Amendments to Terms and Conditions
  • The property owner and the tenant may
    change the renewal terms when the contract
    expires. If there is a disagreement between the
    two parties, the committee may rule on a fair
    rent value depending on the prevailing
    circumstances.

7
Property Maintenance Terms
  • The property owner does the maintenance of
    the property. It shall be done as to benefit the
    tenant unless the two have agreed otherwise on
    the maintenance of the property. Contracts
    indicating that the tenant pays for maintenance
    must be handled with care because maintenance
    fees quickly add up to multiple repairs and get
    costly to the tenant.

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