The process of finding a new house can be a bit daunting in a foreign land and while there are many similarities between living in Dubai, there are several differences that should be considered to be able to comprehend the procedure. Fam Properties has experts/advisors can help you choose the right property for renting and villas for sale in Dubai at the best prices.
Below is a brief list of some tips that potential tenants must be aware of.
The Estate Agent
If you contact an agent to apply for your property ensure that the agent and the person is registered with the Real Estate Regulatory Agency (RERA). This ensures that the person or business should be held to an appropriate professional standard, but can also assist you in the event of there be a problem. Don’t fall in the mistake of reaching out to an agent early when you are looking for a property. In Dubai this process is faster because no reference is checked or anyone’s credit is checked. The reason behind this is the fact that rent is paid with one or more checks, but they are given to the landlord at the time of the rent.
In Dubai there is a tenant who is responsible for paying the agent commission. It is usually between 5 percent of the rental amount or up to a month’s rent. It is important to note that there may be a minimum charge of AED or 5,000, depending on the higher.
The deposit is at 5%, and is due to the owner/landlord, which could be even higher when the property that is leased is fully furnished, as in. Deposit (or the return) is the most frequently cited reason for landlords and tenants get a divorce. In Dubai the deposit is used as a security or guarantee against property damage and to ensure that it’s returned in the exact condition that it was when it was originally provided. That means that the landlord could use a portion or even media posts all the money to paint and/or clean the property after a tenant has moved out.
The amount of the payment
Once a property has been selected and the rent amount and the number of checks has been agreed upon It is of crucial importance that all checks are made with the signature of the owner or landlord. It’s a simple idea, but many tenants have fallen victim of scams involving rental properties in the past when they made cheques to people not the owner.
Always insist on proof of ownership by asking for a copy of the title deeds along with a passport copy to verify signatures. It is therefore important to issue cheques to the owner/landlord only. Sometimes, the owner might have the power of attorney (POA) and in this instance, you should review the POA document with care and if you find anything suspicious leave the eblogz deal.
In Dubai when tenants move into the property, there’s usually there is no “check in” or inventory report. It is suggested that the tenant take detailed notes or takes photographs to prove the conditions to avoid issues later on when they leave. The tenant must also take up to 3 days for the electricity and water service (DEWA) for connection following a deposit of AED 2,000 to be collected for apartments, and AED 4,000 is paid for villas for sale in Palm Jumeirah.
Renewal of your lease
The communication between tenants and landlords is essential to maintaining a positive working relationship. Notifying that landlord of the intention to renew at least 90 days prior to the date of expiration that the tenant wants to renew it is a good idea. If there is no contact between the parties, and there isn’t any objection the contract automatically renews for a second year with the same conditions as the prior contract. If the landlord or tenant is using or commissioned an agent to facilitate the renewal, it is likely that there is a renewal cost charged. This can range between AED 500 to 1,000 and is paid by the tenant or landlord or jointly.
The Dubai landlord is only able to raise the rent in one of the following situations occurs. A). In the event that the owner has provided the tenant a 90-day notice in writing, stating that there is going to the rent increase. rent. AND B). In the event that you are able to prove that the RERA rental calculator allows the possibility of an increase.
Read More : Houses & Villas & for Sale in Dubai