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I'm renewing my tenancy contract and the landlord wants to increase above RERA index
Hello,
I hope you are doing well!
I really need some advice.
I'm renewing my contract in a few months and the landlord was asking for AED 60000. The maximum increase according to the RERA index is AED 50,820 which was my proposal.
The owner responded by saying that they want AED 55000 as the rent. I am confused because I thought by law the maximum increase would be within the RERA index.
If I don't agree to the owner's rate, would I be compromised in any way?
Please assist me.
Thank you.
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