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To regulate the Dubai property rental market, the Real Estate Regulatory Agency (Rera) introduced a regulatory system that makes it mandatory for all landlords in the emirate to register their lease agreements in an online portal.
Called Ejari, which means “My Rent” in Arabic, it aims to develop a responsible business relationship between the landlord and the tenant, and protect both their rights.
During registration, landlords are asked to log the details of the property, rental terms and the name of the rental company, among others. As soon as the registration is complete, the system will produce a rent receipt recognised by the courts and all the government agencies and departments. Failure to register the lease agreement, whether it is residential or commercial, will result in penalty.
Aside from registering the rental contract, the system also allows concerned parties to document cancellations, terminations, transfers and renewals, making everything transparent to everyone.
Ejari creates a standard and uniform approach to rental contracts, saving time in producing the requirements needed for the agreement. Anyone can share the same benefit of accessing legal, official and updated information of tenancy contracts of all rented properties in the emirate in one secure system.
Ejari promises to be a sturdy, stringent and well-defined system where the only documents required to be uploaded are passport and visa copies of the tenant, copy of the tenant’s Emirates ID, copy of the original tenancy contract, last DEWA bill or DEWA Security Deposit statement for new tenants, copy of the title deed of the rented property and a copy of the trading licence if the tenant is a company.
An Ejari-registered contract is now a requisite for obtaining a new or the renewal of a residence visa, getting a water, electricity or Internet connection, obtaining a commercial licence and employing a domestic staff.
* Ejari was created to promote transparency in Dubai property rental market
* Failure for landlords to register lease agreements will result in a huge penalty
* Copies of passport, visa and contract are some of the required documents
Source: Cleofi-Krista Capili, Special to Properties
The writer is a freelancer