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'No rent hike without 90-day notice'

18.08.2014
'No rent hike without 90-day notice'
Tenants must be given a written notice of a rent hike at least 90 days in advance, says one legal expert. Tenants can take disputes to the Rental Dispute Settlement Centre. Landlords must give a minimum three-month notice before increasing rent, sent either by email or an informal letter, a legal expert has told Emirates 24/7.
“A landlord who wants to increase rent must give a three-month notice to their tenant. The notice does not have to be sent through the notary public, however.  It can be sent either by email or informal letter,” said Ludmila Yamalova, managing Partner, HPL Yamalova and Plewka JLT.
“It is important to have written evidence of the notice and to ensure that the rent increase is within the allowable increase percentage,” she adds.
In case of a dispute, tenants must file a complaint with Rental Dispute Settlement Centre.
In order to control the arbitrary rent increases, Dubai government released a new rent decree in December 2013. The Decree, No 43 of 2013 now sets a specific band for maximum rent increases that a landlord can demand at the time of renewing leases. The decree is applicable to private and public sector owned properties in Dubai, as well as within the free zones.
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
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Ad placement

1 day

Ad placement:
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Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

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Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
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  • 4% - registration of the transaction at registration
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Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

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1 day

Reporting
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5% of the annual rental price

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From 3 days

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1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
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