Five Reasons You Should Register Your Rental Contract With Ejari

The Ejari system is an initiative taken up by the Real Estate Regulatory Agency in order to facilitate the aspects of the rental market in Dubai. It has been made mandatory for all the renters to get their lease contracts registered on Ejari in UAE. Moreover, the Rental Dispute Settlement Centre does not acknowledge the cases where the lease contracts are not registered under the Ejari system. So it has become a vital factor in the entire rental market of Dubai. 

Ejari Has Been Made Mandatory By The Law 

Law No. 26 of 2007 which concerns the relation between the landlords and the tenants of a property declares it mandatory to register all the lease contracts with the Ejari System. Whether it is a residential contract or a commercial contract, it has to be registered at the office with Ejari.

Ejari Is An Affordable Online System 

The total cost of registration under the system of Ejari in UAE is quite affordable for all the tenants and landlords in the market. While the lease is under the renewal process, the tenants would have to provide their rental contract, Emirates ID/Passport copies, title deed of the particular property and the Dewa bill. 

The Prospects Of Payment Of The Registration Fees 

In simple terms, the Real Estate Regulatory Agency has not mentioned the ideals of who would pay the bill of registration. Mostly, the proper management agency dealing with the registration process charges the tenant for the entire registration fees. On leasing the property directly from the specific owner, you both can mutually agree on the decision of who pays the registration fees. 

Ejari System Provides Equal Rights For Both The Parties 

If you get your registrations done on the Ejari system, you would get the guaranteed rights to a lease agreement. As soon as the registration is completed, the validity of the same is accepted by all the major government agencies in the system. Therefore, it becomes easier to handle all the historical records and data about a particular tenant or landlord. 

The exact rent index of the properties in Dubai is calculated on the basis of the Ejari registrations. The index is effectively calculated after four months and all the procured registrations are taken up for the revised rates of the index. 

Therefore, in case of registering in the office of Ejari, you can check out our services at the Spider Business Center. We make sure that our customers go through a simple and smooth registration process and receive a proper guidance in the field.