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60 Day Notice Of Rent Increase Form Template for United Arab Emirates

A formal notice document used in the United Arab Emirates, particularly in Dubai, to inform tenants of an impending rent increase in compliance with local real estate regulations. This document must be served at least 60 days before the lease renewal date and must comply with RERA (Real Estate Regulatory Agency) guidelines regarding permissible rent increases. The notice includes specific details about the property, current rent, proposed increase, and justification based on the RERA Rental Index. It serves as a legal requirement for implementing rent increases in both residential and commercial properties within the UAE.

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What is a 60 Day Notice Of Rent Increase Form?

The 60 Day Notice Of Rent Increase Form is a crucial document in the UAE's real estate sector, particularly in Dubai, where rent increases are strictly regulated by the Real Estate Regulatory Agency (RERA). This document must be used whenever a landlord intends to increase the rent for an existing tenant, provided the proposed increase aligns with the RERA Rental Index. The notice must be served at least 60 days before the lease renewal date and must clearly state the current rent, proposed increase, and effective date. The form ensures compliance with UAE real estate laws and regulations, protecting both landlord and tenant interests. It's particularly important in Dubai's dynamic property market, where rent increases must follow specific legal procedures and calculations based on current market rates.

What sections should be included in a 60 Day Notice Of Rent Increase Form?

1. Property Details: Full address and description of the rental property, including any unit numbers or unique identifiers

2. Parties Information: Complete details of both landlord and tenant, including full names, contact information, and any reference numbers

3. Current Rent Information: Statement of current rent amount, payment frequency, and lease period

4. Proposed Rent Increase: Clear statement of the new proposed rent amount and the percentage increase

5. Effective Date: Specification of when the new rent will take effect, ensuring compliance with the 60-day notice requirement

6. Legal Compliance Statement: Declaration that the increase complies with RERA regulations and the rental index

7. Signature Block: Space for landlord's signature, date, and contact information

What sections are optional to include in a 60 Day Notice Of Rent Increase Form?

1. RERA Calculation Reference: Include when wanting to demonstrate how the rent increase was calculated according to the RERA Rental Index

2. Previous Notice History: Include when there have been previous rent increase notices or relevant communication

3. Market Analysis Summary: Include when wanting to provide justification for the increase based on market conditions

4. Tenant Response Section: Include when requiring formal acknowledgment from the tenant

What schedules should be included in a 60 Day Notice Of Rent Increase Form?

1. RERA Rental Index Calculation: Detailed breakdown of the rental increase calculation as per RERA guidelines

2. Property Photographs: Recent photographs of the property to confirm its identity and condition

3. Current Tenancy Contract: Copy of the current tenancy contract reference

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Publisher

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Cost

Free to use

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