One of the many advantages of renting out an apartment or villa in Dubai is the possibility of making a good profit. It does, however, have some dangers, the majority of which may be avoided by choosing the right tenants. If you are new to renting out your property in Dubai, we have created a landlord’s checklist for selecting tenants in Dubai before you sign a tenancy contract.
A LANDLORD’S GUIDE TO SELECTING THE RIGHT TENANT IN DUBAI
INQUIRE ABOUT YOUR TENANT’S WORK STATUS
One of the details that landlords should clarify with their prospective tenants is their job status. While landlords in the city rarely ask their tenants for income information, it’s not unusual for homes to informally discuss where their tenants work to have a better understanding of their financial stability. If you have hired a property management company to handle your tenancy agreements, you may ensure that they gather the essential information to cross this off your landlord’s list of criteria for selecting tenants.
A Police Clearance Certificate is another excellent technique to verify a tenant in Dubai. The Dubai Police Department issues this, also known as a Certificate of Good Conduct. Making the paperwork a requirement is an excellent strategy for finding the correct tenants for your Dubai property.
DETAILS ON THE NUMBER OF OCCUPANTS SHOULD BE EXPLAINED.
The number of occupants that will reside in a residential property in Dubai might be a source of concern for landlords. Having too many residents in a limited area might result in a crowded property that will require more care over time. To minimize such problems, landlords might inquire about the number of family members during the initial meeting.
CHECK TO SEE IF YOUR TENANT HAS ANY PETS.
Having tenants with furry or feathered pets can frequently come at the price of your home’s hygiene and sanitation, much like having too many humans in a tight location. House owners who do not want dogs to be maintained in the residences they rent out should make this plain to potential tenants.
People with different backgrounds may have differing perspectives on maintenance responsibilities. Property owners in Dubai are normally responsible for maintenance and repair services. But, landlords might set spending limits to ensure that the property occupants take care of some of the minor routine, wear and tear concerns. Before finalizing things, you should discuss this with your tenant and include it in your rental agreement as part of your landlord’s tenant selection checklist.
When you’ve completed your thorough research, you must sign a tenancy agreement with your tenant. Be certain that the tenancy agreement includes all relevant points and expresses them properly. You may learn more about the duties and responsibilities of tenants and landlords in Dubai by visiting our blog on tenancy agreements in Dubai.
CAN A LANDLORD MODIFY A TENANCY CONTRACT?
Surely, landlords in Dubai can modify tenancy contracts before renewing them. To propose any adjustments in rent, landlords must send notice by registered letter at least three months before the contract’s expiry date, according to the Real Estate Regulatory Agency (RERA).
WHAT IF A TENANT REFUSES TO LEAVE THE HOME AFTER THE TENANCY CONTRACT HAS ENDED?
In the case of a problem with a tenant, both the landlord and the tenant can seek assistance from RERA.
ARE THERE COMPANIES THAT CAN MANAGE TENANCY CONTRACTS AND RELATED PROCESSES?
Definitely, property owners may readily discover property management companies in Dubai that provide services such as locating suitable tenants, writing rental agreements, ensuring timely rent payments, and more.
This brings us to the end of our landlord’s checklist for identifying the perfect tenant in Dubai.
With the latest amendments to the UAE’s personal and family freedom laws, tenants who are not married or related to each other can lawfully live in the same home with the landlord’s approval. This provides landlords more options when it comes to finding the ideal tenants for a property.