Sharjah’s New Real Estate Laws: Key Updates for 2024
According to Arabian Business, Sharjah has introduced major changes to its real estate regulations, significantly impacting landlords and tenants. These new laws, effective from 2024, aim to create a fairer rental market in the Emirate. Let’s delve into the key points that every tenant and landlord should know.
Updates on Rent and Evictions
- Rent Increase Limits: Landlords cannot raise rent for three years without mutual consent. If agreed upon, another increase is prohibited for two additional years.
- Eviction Guidelines: Clear reasons for eviction are outlined, including:
- Non-payment of rent within 15 days
- Violations of lease terms
- Unauthorized property modifications
- Lease Certification: Landlords must certify lease contracts within 15 days to avoid disputes.
Responsibilities of Landlords and Tenants
- Landlord Duties:
- Provide properties in good condition.
- Handle necessary maintenance.
- Respect tenant privacy.
- Tenant Obligations:
- Pay rent on time.
- Use the property as agreed.
- Maintain the property and pay for services.
Why This Matters
These laws aim to enhance transparency and trust in Sharjah‘s rental market, ultimately benefiting both landlords and tenants. As the real estate landscape evolves, these updates could provide stability and protection for all parties involved.
By staying informed about these changes, both landlords and tenants can navigate the Sharjah real estate market more effectively in 2024 and beyond.
