If you want to avoid the hassles of renting or buying a house in Dubai, we have got you covered. Our competent Property Management team would be delighted to look after your property and your tenants. However, what is exactly Property management in Dubai? What are the duties under property management? What type of services these companies are offering? We will discuss all such points in this blog. So keep reading until the end. Let us get started:
Property Management in Dubai
Property management in Dubai is a process that relieves property owners of the burden and annoyances of property management. An owner-side mediation party ensures regulatory items are taken care of, including schedule condition reports for tenants’ health checkups or repairs needed on apartments before they can move back into them again after vacation periods end. Moreover, rental cheques sent out every month as well, according to how much money has been collected from renters who pay annually versus monthly rent amounts due at time contract signing.
What is the most significant advantage of property management?
Comfort OF Thought – Landlords may rest easy knowing that an unbiased third party is looking after their property and renter. We will take care of any day-to-day concerns that may arise, whether the owner is abroad or in Dubai.
Who has their property managed on a regular basis?
Property owners who do not want to deal with the stress of maintaining their property on their own. Alternatively, who are not living in Dubai, want to get the proper Dubai property management services.
When the owner of the property be contacted?
Owners are approached for approvals on maintenance work or merely to keep them informed about their investment.
How frequently the house is inspected?
It may be inspected two to 3 times during the lease term, depending on the service selected by the Dubai property management company. Which will include the check-in/check-out service.
How so many days’ notice does a property owner have to provide a tenant before they have to depart the premises?
For the following reasons, if a landlord wants a tenant to depart their unit, they must provide the renter 365 days’ notice:
- Their only place of habitation is the property
- I sell the property
- Non-payment of rent is a serious offense
- The apartment is livable
How can a property owner get a property’s rent increased?
The RERA regulation states that a property owner can only increase the rent on a property if the RERA calculator permits it. The Dubai Land Department regulates that one in accordance with current market conditions. If a rent increase is approved, it must be implemented 90 days before the lease expires.
What is the value of an inventory?
The most significant aspect of the service is the inventory, which is a professional report that documents the unit’s condition. So, it safeguards the owner’s investment and assures that in the event of disputes over the unit’s condition, both parties have a professional relationship to fall back on.
You have come to know the about the idea of duties about property management company in Dubai. Binayah is a top property management company Dubai. Providing the finest services from a decade. We are also providing the best tenant management services in Dubai. You can simply call us or just visit our site to learn more.