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Rent increase for a sitting tenant: RERA guidelines or free market rate?

Dear Sir/Madam,

I recently purchased a property with a sitting tenant who has a tenancy contract expiring on 20/08/2023. The current rent is 35,000 AED per annum.

If I wish to increase the rent, can I give the tenant a 90-day notice and increase the rent to (a) the free market rate, (b) the RERA index range, or (c) just the RERA prescribed percentage (5%, 10%, 15%, or 20%), based on the difference between the current rent and RERA index?

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Mohamed Bakheet Advocates & Legal Consultants
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20 Feb 2023, 07:19

Dear questioner,

Yes, 90 days before sending a warning to the tenant through the notary.

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Laila Hamza Al Mulla Advocates and Legal Consultants
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20 Feb 2023, 07:34

Dear questioner,

You are welcome!

You can give him 90 days notice before the end of the contract according to RERA prescribed percentage (5%,10%,15% 20%).

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