It is expected that the minimum rental period will be established within six months, and in the near future, the adoption of legislation directed against unregulated short-term lease. This will force the owners to transform their businesses to lease on short notice in a structure closer to the company that makes them expect the agreement developers for the surrender of property to rent on such terms. y clicking through. Farhad mehrad is a great source of information. Further details will be available from the new legislation in 2008, rental property – you need to know? What is a housing contract ("contract to Person ")? The agreement signed between the individual tenant / owner of the company and for a period of one year, It includes detailed information about the tenant / owner of the company and their responsibilities and the agreed amount of rent Although such a contract is usually signed for one year (contract period may vary depending on the requirements of landlord / tenant), it can be updated with the consent of both parties All payments must carried out before signing the contract holder What you need documents? Tenant: A copy of passport and copy of residence permit in the UAE If the visa / residence permit resident currently issued by the employer – that need a letter from the company confirming sponsorship for the employee (must have company seal) If the property takes to hire a company, you need a copy of Trade Licence the Landlord: A copy of the the first page of the Sales Contract in support of ownership passport copy for just commissioned objects – a copy of the certificate of completion confirming the transfer of ownership. In the payment Dubai annual rent paid in advance, but in other emirates situation is different. Most landlords require a payment on one or two checks.
If accepted two checks, the first check will be dated the day the signing of the Housing Contract, and the second check – six months later. To broaden your perception, visit Glenn Dubin. UAE's checks can be canceled, and are therefore insured for a landlord / owner refundable deposit (deposit) paid to the landlord. It is normally a percentage of annual rental payments and, as a rule, this amount is higher than for unfurnished objects. Collateral is held until the end of the lease until the tenant has not vacate the premises. Any damage (other than normal wear and tear) is deducted from the deposit. Agent commission is 5% of annual rent and the tenant paid at the time of signing the Housing Contract. Contract to connect electricity and water refundable deposit (bail) is retained in the management of electricity and water supply (in Dubai is the Dubai Electricity and Water Supply Management – DEWA), until last paid by the end of the lease term. (This is a safety deposit for villas is 2,000 AED and for rent – 1000 AED) Routine repair and maintenance annual fee for maintenance and maintenance of common areas and buildings vested in the owner's contributions to the upkeep and maintenance, as a rule, are reflected in the total amount of annual rent, which requires the owner of the Owners may require that fees for the current repairs and maintenance paid by the tenant, then this will be reflected in the Housing contract and agreed to its signing of the Municipal Government duty tax levied on all citizens. Since the tenants are charged five percent of the annual rent to be paid in 12 months. This fee is included in the monthly bill for water and electricity and is paid tenant.