Does the DLD’s rent valuation supersede Rera’s index?

Questions: My landlord is demanding a 54 per cent increase in rent for his property in Dubai during our tenancy renewal, while the Real Estate Regulatory Agency (Rera) index shows that no rent hikes are allowed.I forwarded the Rera index findings to the landlord and asked him to adjust his rent proposal in line with it.He declined and instead said the rental valuation certificate from the Dubai Land Department (DLD) was the standard.I visited the DLD…

Applications for short-term rent are now open

Interested individuals should submit an application form online, along with written approvals from the Building Division, Fire Services, and Finance Division Want to rent your home on a short-term basis? You can now register your property on the city's website to qualify for short-term rent. Interested individuals should submit an application form online, along with written approvals from the Building Division, Fire Services, and Finance Division. For more information, read the news release below: Applications are…

RentSpree Offers Insight on How Real Estate Agents Can Capitalize on the Growing Rental Market

The Rental Management Software Company Highlights the Unique Opportunity that Rentals Provide in a Challenging Housing Market LOS ANGELES, dec. 20, 2022 /PRNewswire/ -- RentSpree, the industry's premier end-to-end rental management software provider, is dedicated to changing the mindset around the profitability of rental properties. A 2022 RentSpree + RealTrends Rental Power Rankings the study made it clear that many agents do not view rentals as worthy of their time and resources. Approximately 50% of the…

Residential Lease Agreement | Free Rental Lease Form (Canada)

IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties agree as follows: Leased Property The Landlord agrees to rent the Tenant the house, municipally described as __________ (the "Property"), for use as residential premises only. Subject to the provisions of this Lease, apart from the Tenant, no other persons will live in the Property without the prior written…

Britain's Home REIT auditor to review Viceroy allegations

Dec 12 (Reuters) - Home REIT (HOMEH.L) said on Monday its auditor was carrying out "enhanced audit procedures" after short-seller Viceroy Research questioned the British housing provider's financial status. Shares in Home REIT, which repeated all allegations made by Viceroy were "without substance", fell about 14% to a record low of 40.05 pence on Monday. The housing provider for the homeless had delayed issuing its results, which were due on Nov. 28, pending verification by its…

UK Rents Rose Twice as Fast as Wages in the Past Year

(Bloomberg) -- Britons moving into a rental property have seen prices soar at twice the pace of wages in the past year, with no sign that the red-hot market will slow down soon. The cost of a new rental agreement rose 12.1% in the 12 months to October, according to a report from property portal Zoopla. That compares to 6% annual growth in earnings in the three months through September. Rent now costs 35% of average…

Rental restrictions could increase speculation, create more work for strata councils, say homeowners

Homeowners in strata fear proposed changes to laws around rental restrictions in strata complexes that will make more work for councils and residents. On Monday, Premier David Eby announced a plan to amend the Strata Property Act, limiting restrictions on renting in strata, in a move designed to open up rental opportunities as the province continues to face a housing crisis.The changes would "end all strata rental-restriction bylaws and limit age-restriction bylaws." Some buildings currently only…

Rate Hikes Hit the Rental Market

“Tenants should be on their best behavior,” says Toronto-based realtor Dalle Morrison. “Because, if they're making life difficult for their landlords, the landlords may say, 'You know what? It's now costing me all this money a month to carry this property and this person isn't being very nice, so I may just throw in the towel.'”When the Bank of Canada raised its overnight rate last week 25 points to 5% — the tenth rate hike from…

One of PEI’s biggest landlords has abandoned efforts to hike rents for hundreds. So why aren’t tenants celebrating?

CHARLOTTETOWN, PEI — Vincent Brazil took his landlord, one of the biggest property-owning companies in the country, before the province's rental office and won. His landlord, the Canadian Apartment Properties REIT (CAPREIT), recently dropped its application before the Island Regulatory and Appeals Commission (IRAC) to raise his rent, along with 55 other tenants at his apartment building on River Ridge Drive in Charlottetown, by 12 per cent. Brazil, who works in IT support for a federal…

Shanmugam using savings to rent 26 Ridout Road, says he wouldn’t have rented on ‘current income’ – Mothership.SG

Follow us on Telegram for the latest updates: https://t.me/mothershipsg Minister for Law and Home Affairs K Shanmugam decided to rent a black-and-white (B&W) state property at 26 Ridout Road because he was putting his family's home up for sale after reviewing his finances.While the rental received from his family home "mostly" pays for the cost of renting the property, Shanmugam says he is still incurring a "net deficit" and has to top up the deficit. Shanmugam…