What cost can I expect leasing my property?
First of all we would need to visit your property to get a better idea of its exact location and physical state to market it properly. This will include an inventory check and preliminary snagging list. Obviously, the larger the property the more work there may be for us to oversee so the cost will depend on our time involvement. Please ask one of our consultants for a quote.
External fees: Making the tenancy official
We will register the tenancy contract for you with RERA's online registration system Ejari. This is a compulsory and necessary step to protect you and the tenant in case of any disputes to be heard by the rents committee. The cost for registration currently is Dh310.
Agency fees: We will charge you an agency fee for marketing and leasing your property.
Please contact on of our consultants to discuss your requirements and the appropriate fee, which will be an 'x' percentage of the agreed tenancy value. We will only collect this fee once the property is successfully leased out.
What will you do to make sure my property is leased quickly?
We will market your property on all the major property portals and through our own website and client network. We will make sure your asking price is in line with market expectations.
What paperwork do you require from me to market my property?
- Proof of ownership, which could be the Title Deed, your purchase and sales agreement or mortgage agreement and proof of registration on the land department's registry or interim registry
- Copy of your passport, if applicable with residence visa page
- If this is your first time with us, any final bills regarding DEWA and district cooling and service fees if applicable
Who will access and show tenants around my property?
Our RERA certified, ask for the brokers license, agents will show prospective tenants around your property seven days a week. All we require from you is the keys, which we will keep safe and your property locked. If you still have tenants living in your property and they agree to viewings, we will make sure to disturb them as little as possible and agree on a suitable time to come and view with them. You may have some maintenance and repair crew entering your property to rectify any snags, paint and so on. We will have an agent there to supervise them.
How do I know which price to charge for rent?
We will advise you on the same, after we have carried out the pre-inspection and compared your properties to others in the area. Our expert letting agents will provide you with a professional valuation.
What do I have to do after accepting an offer?
You may have to discuss the terms of the rental agreement should the tenant or you want to add any conditions to the basic contract. We will collect a security deposit from the tenant we will pass on to you once the final agreement has been signed. We will hand over the keys to the tenant as soon as we have either the full rent or if agreed post-dated cheques in our hands and again pass them on to you along with the signed tenancy contract. Don't worry about utility connections we will take care of that for you.
What do I have to do for renewing the contract?
The tenant has to let you know three months by law, or as stated in the rental agreement, whether he/she intends to move out. Equally you would have to let to know the tenant in this time frame whether you require the property for yourself. This would be the time to renegotiate the rent and any other terms of the agreement. We can do this for you if you instruct us to, just consult on of our agents.