Question:
I am about to purchase a property in DIFC that has a tenant who is paying very below market rent. How much of a notice period must I give in DIFC if I want the tenant to vacate. Also can I increase rentals as much as I want or will rental increase follow Dubai typical increase laws?
Answer:
DIFC has its own rental laws that provide details of the notice period, and rental increase mechanism. Moreover, the rental contract is also a reference point so long as such terms are compliant with the DIFC laws.
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