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The notice period required to cancel a tenancy contract
Dear Sir,
To cancel a commercial tenancy contract (Land in Sajaa, Sharjah), how much advance notice should we give to the landlord for canceling the contract?
And further, what are the procedures?
Thanks!
30 Jan 2020, 09:27
Dear Client,
The tenancy contract cannot be cancelled.
In the event of early termination due to force majeure, the tenants are obligated to compensate the landlord for an amount not less than 30 per cent of the rent of the remaining period of the lease contract, unless otherwise agreed by parties.
Thanks!
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