Dubai Land Department (DLD) has announced the launch of its Unified Lease Form. It comprises provisions outlining the roles and responsibilities of the contracting parties. According to DLD, the aim of this new standard agreement is to regulate relationships between landlords and tenants. It contains many references to the real estate law pertaining to tenancy agreements. For instance, there are specific clauses providing the cases in which the landlord is allowed to request eviction of the tenant from the property.
According to DLD, this new standard agreement aims at creating a transparent and professional real estate market with measurable standards. Hamdan Al Madhani, Director of Rental Relations Regulatory Department explained that “the Rental Affairs Sector carries responsibility through its department mechanisms to apply the new unified lease contract, in addition to registering leases and tracking the real estate index. This body also develops rules, policies and strategies that facilitate the movement of the sector, in addition to monitoring the real estate market.”
Through the issuance of these unified contracts between the parties, DLD aims at guaranteeing the rights of all stakeholders involved. The Unified Lease Form will become mandatory from March 2017.
