How are lease agreements regulated by RERA?
The laws regulating the lease agreements in Dubai are the Real Estate Regulatory Agency (RERA) which falls under the Dubai Land Department (DLD). The Real Estate Regulatory Authority was formed to address issues of transparency, unfair practices, and inefficiency in the housing sector, and this organization has laid down some rules to be followed on lease agreements with a view of protecting the interests of landlords and tenants. Here’s an overview of how lease agreements are regulated by RERA:
Registration and Documentation
Another general regulation that is shared with other Emirates is the registration of all lease agreements through the Ejari system that is a primary RERA requirement. This online portal also provides for recording of every tenancy contract in a format that keeps records of all tenancy and rental agreements within a certain period of time. Information required during the registration process includes; profile of the tenant and the landlord, amount of rent to be charged, and the duration of the lease.
Rights and Obligations
Here is the guide to the key aspects of the Renting Regulation of Emirate of Dubai, commonly known as RERA that defines the rights and responsibilities of the parties of the rental agreement. For tenants some of the obligations consist in timely payment of rent and utility bills, repair and taking proper care of the property, and not to alter the property without the consent of the landlord. Landlords on the other hand take the responsibility of making their house or building habitable and ensuring repairs made where necessary, agreeing on terms concerning rent hike and removal orders.
Rent Increase Regulations
RERA controls the rents which helps tenants from drastic increases in rent charges. This means that landlords have to maintain a specific procedure of raising the rent by giving a 90 days notice before the contract expiration date. The extent of the allowed increase depends on RERA rental index but can simply not add up to more than 10 percent of current rent value if the prices are relatively low.
Dispute Resolution
RERA also has functions of mediation on the sides of the landlords and tenants in the case of disputes. Disputes that may arise from these rentals are solved by the Rental Disputes Settlement Centre (RDSC). Disputes that may be taken to the court include cases where tenants and landlords have complaints against each other especially due to instances that violates the tenancy contract or rental laws. This is normally done through use of mediation and if this does not work then arbitration or litigation in order to achieve an equitable solution.
Eviction Rules
The only likeliness of tenants being evicted is if the conditions of RERA are met which include rent default, unlawful use of the premise, or when the property is to undergo renovation that cannot be done while occupied. The measure also requires the landlords to give a 90-day notice to the tenants before they can be evicted so that the tenants can find other accommodations.
Elements like fair and reasonable rents, relations between the lessor and the lessee, guiding tenants not to disrespect the property owners among others are a testimony that RERA’s regulations balance and protect both the landlords and tenants in Dubai. Observing of these regulations, it is possible to eliminate numerous disputes arising between the parties engaged into lease agreements and have a positive experience of rentals.
RERA Lease Agreements Regulation Quiz
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