The lessor and lessee shall define a rent in the lease. In any case, the rent may only be increased and lease provisions may only be amended after the elapse of two full years from the date of the commencement of the leasing relation for the first time.
RERA shall set forth criteria to determine the rent increase rates in the Emirate, in accordance with the general economic conditions therein.
The rent includes the use of the property’s facilities such as swimming pools, courts, gyms, health club, and car parking lots, etc. unless otherwise is agreed upon.
The lessee shall pay the rent to the lessor on the due times mutually agreed upon. In case of absence of any such agreement or if payment times were difficult to establish, the payment of the rent shall be in four equal payments per year, each one shall be paid in advance.
1. Subject to the provisions of Article (9) of the present law, and for the purpose of renewing the lease, the lessor and the lessee may reconsider the rent. If they failed to reach an agreement in this regard, and a necessity to extend the leasing period was established, the committee may decide to extend the lease and determine the rent for such extension.
2. The committee shall determine the rent of an extension period according to the legislation issued on approving the criteria and rents proposed by RERA IN light of the condition of the property and the rent of similar property prevailing in similar real market in same area.
In case either part to the lease desires not to renew the contract or to amend any of its terms and conditions, it shall notify the other party of same at least ninety days prior to the expiration of the lease period unless otherwise was agreed upon between the parties.