Uploaded on Mar 2, 2022
Dubai has about 3.48 million inhabitants. And 80% of them live in apartments or villas that are rented. In other words, there is a solid demand for rental apartments in Dubai. In seven out of ten cases, when you buy a property, you invest in this property. In other words, he wants to rent it out and have passive income.
All about Rental Agreement
All about Rental Agreement
Dubai has about 3.48 million inhabitants. And 80% of them live in apartments or villas that are
rented. In other words, there is a solid demand for rental apartments in Dubai.
In seven out of ten cases, when you buy a property, you invest in this property. In other words, he
wants to rent it out and have passive income.
•Therefore it is essential to grasp the essence of the rental agreement and its content and know who can help you
with it.
•What is a rental contract?
•Perhaps in a rental industry, no other term has so many titles as a rental agreement. Well, look at the following
list:
Agreement on rental or lease
The agreement on tenancy
Contract of rental
Contract for tenancy
Lease
•The prevalent word in Dubai is, however, a tenancy agreement. This phrase is used for clarification in the
Dubai rental law and the documentation.
What is a tenancy agreement?
In short, it is a formal agreement between the parties (owner and tenant) which recognizes, specifies and manages
their tenancy connections. In this agreement, one party (the landlord) enables another party (the tenant) to utilize
the property indicated for a fixed benefit period.
Therefore, it is crucial to note that a rental agreement is a legally enforceable contract for any tenancy
relationship. In other words, both parties must act in line with the terms and circumstances laid down in the lease.
Any divergence from these terms and conditions of a party shall be regarded as a breach of the contract. Another
party has the right to prosecute the first party and make it fulfill its obligations.
• What is usually included in a rental contract?
Initially, the Dubai Government designed and implemented a two-page, standardization paperwork unified
tenancy contract form. This single tenancy contract form has been, therefore, compulsory since 16 July 2017. This
is incredibly helpful because it includes both Arabic and non-Arabic texts. You don't have to translate it to
continue.
Sometimes you can meet terms like the EJARI contact form, which also applies to the cooperative lease
agreement.
Which items does a rental contain? Well, there are five
•pThae frirstt ssec:tion comprises information on the parties, property, and the most important conditions of the rental agreement:
Name of the owner
Name of the landlord, email, and telephone number
Name of the tenant, email, and telephone number
Name and location of the building
Size, kind, and number of the property (with the DEWA number)
The period and amount of the contract
Annual rent, deposit amount, and payment method.
•The second section deals with necessary contract terms and conditions. The following are the essential terms and conditions.
Prohibition of subsidizing without written agreement by the landlord
Responsibilities for rental payments and payments for utility services
Responsibilities of a tenant concerning property and its services and amenities
Maintenance responsibilities of the landlord
Landlord's duty to register the EJARY contract
•The third section, named "Know Your Rights," offers a list of legislative acts governing rental relations and a website URL for the Rental
Problem Center where a dispute can be resolved.
•The fourth element, named EJARI Registration Attachments, reminds which paperwork will be prepared to confirm the contract with EJARI.
•The Parties may at least designate additional terms not previously mentioned but essential to the parties for the fifth section.
How can a lawyer help with a lease?
•On the one hand, because you require a unified tenancy contract in which most components are already supplied, you
may not assume that there is a need for a lawyer's rental aid. However, the value of legal support in the development of
a lease should not be underestimated.
•Typically, the process involves a rental dispute lawyer. To make it clear, these professionals are not just familiar with
the law but also know all possible rental disputes.
•But do you know one-third of such disagreements address topics not covered by compulsory articles in the unified
lease? So you can prevent many by defining these things as additional clauses in your rental. In addition, you can only
resolve issues concerning other terms successfully if you fix these in your contract.
•And here, a lawyer might be of great assistance to you with your rental agreement. In other words, he will inform you
about the additional terms you need to include in the rental. In addition, he ensures that these conditions do not
contradict local law. This is, in fact, quite essential as criteria that are not addressed in the event of conflicts in
contradiction with the law.
•A common additional lease requirement, for example, divides maintenance responsibilities between the parties.
•At Fajar Realty, our layers carefully draw up a lease, with Dubai leasing practice and legislation in mind. This contract
so clearly sets forth the rights and obligations of both parties and balances their interests. To benefit from our
professional property management services, please get in touch with us.
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