Renting a property in UAE, Important considerations you should know during Covid -19 pandemic

In these unprecedented times of COVID-19 pandemic, significant shifts for the rental systems all over the world have been generated. A real estate company in Abu Dhabi reported that lots of residents encountered with critical financial challenges due to the business lockdown, a loss of jobs or a pay cut.

What considerations real estate company in Dubai & Abu Dhabi wants you to know in these circumstances?

• Provide proof of change in your financial circumstance If a tenant is in the middle of a lease and they have faced a salary cut or lost their job, they will have to provide evidence to the landlord that their circumstances have changed. They can request for a deferral on the next rental cheque.
• Express your intent to extend lease by another year
• Be honest with your landlord and inform him that you have been sadly affected by the Pandemic, especially if you were on good track of paying rent on time.
• If you are a long-standing tenant and your next rent cheque is due, you can request for deferral on the next rental cheque. However, the landlord is not obligated to do that. It depends on the personal relationship you have with your property landlord. You might find also that the real estate Company in Dubai you are dealing with is unconditionally accepting rent payments by direct debit
• Cite how UAE banks are deferring mortgage payments for real estate company in Dubai.

Looking for the best company in real estate in Abu Dhabi, communicate with East & West team, they would be glad to assist you.