Weak points of your tenancy contract

None

Weak points of your tenancy contract

02/12/2024

It is important to draft legally correct tenancy contract before renting your unit to a tenant.

Here is what you need to pay attention to besides tenant screening:

  • Repainted unit on return

Most landlords only sign tenancy contracts being confident that at the end of the lease their property will be returned in good conditions. Obviously, those landlords will not get the property returned matching their expectations. Even if there is an agreement between the landlord and the tenant on returning the property in good conditions, there is no such a legal term “good conditions”, so it causes future dispute between the landlord and the tenant. To define property conditions without recording it in the beginning of lease, you should use proper inventory checklist and protocol so it will remove any doubts and your tenant will know from the start that he has to return repainted unit with all premises as recorder earlier.

Inventory checklist

  • Early termination scenarios

Have you defined correct period of notice and reasonable penalty in case of your tenant terminating earlier than expected? Make sure it is according to RERA rules & regulations.

  • Major and minor maintenance

To avoid time-consuming arguments with your tenant you should define a difference in cost of major and minor maintenance in your tenancy contract.

  • Access to premises

When it comes to selling or financing of your property unit, access to premises is urgently required. Do you have a clause allowing you an access to property when you may need it?

Today, EJARI is the document that you can't avoid having when renting any property. Both landlords and tenants must have a copy before property is handed over.

**BSO*** BLOG

None

CONTACT **US***

None

**GET IN*** TOUCH

PHONE

MAIN OFFICE

+97142799100

EMAIL

FOR LEASING & SALES SERVICES

sales@bso.ae

FOR MAINTENANCE INQUIRIES

maintenance@bso.ae

FOR RENTAL DISPUTE SUPPORT

legal@bso.ae

FOR PARTNER PROGRAMS

operations@bso.ae

Office 903, Crystal Tower, Financial Street, Downtown, Dubai, UAE

Email

STAY IN TOUCH Please wait...
Privacy Policy | Terms And Conditions |

© 2015 - 2024 - BSO Real Estate Management. All rights reserved