Saturday, May 17, 2014

Dubai Rent Apartment Tips For First-Time Renters

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Visiting Dubai is an experience every traveler want to have. The Emirate boasts a lot of buildings and destinations that other countries do not have. So if you are a first-time renter wanting to lease a property in Dubai because you are to stay there for a week, here are some of the important Dubai rent apartment tips and terms you have to know:

Residential Tenancy Agreement – This is a legal contract between you, as the tenant, and your landlord. This is usually called as a lease agreement. This agreement will contain the amount of rent as well as how it must be paid. Moreover, it outlines the length and time of tenancy, the amount of bond required along with other important conditions and rules.
Bond – This acts as security for the landlord or owner in case you do not meet the terms and conditions of the lease agreement. Be reminded that the bond and the rent are separate payments. You cannot use any part of the bond as rent – this further means that you cannot ask the landlord to keep your bond as final payment when you are to move out.

Condition Report – If you are to pay the bond, the owner or landlord must prepare a condition report which contains the general condition of the property along with the fixtures and fittings. This report is very important since it can be used as evidence whenever there is a dispute about who must pay for replacement or damage of missing items at the end of the agreement.

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