Questions & Answers
Does the Rental Valuation Certificate consider the building being chiller-free?
Hello,
I have a couple of questions regarding the DLD Rental Valuation Certificate:
1. My building is chiller-free. Does the certificate consider the building being chiller-free?
2. Can the rental valuation certificate be used to increase the rent more than what the RERA rental index suggests?
Thanks in advance!
Dear Client,
Thanks for your question! I hope you are doing well. I will definitely assist you in this matter.
1. Chiller-Free Building: The DLD Rental Valuation Certificate considers various factors for rental valuation, including whether the building is "chiller-free." It can affect the valuation, but specifics may vary.
2. Rent Increase: The certificate helps set a maximum rent based on the RERA rental index. If it suggests a higher rent than the index, you may not legally increase it beyond the index's recommendation. Consult the DLD for current rules.
For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.
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Thanks & Regards,
ABDUL WAHIED