The Ultimate Landlord’s Checklist for Renting in Dubai
Are you a new landlord trying to navigate the rental market industry in Dubai? If you have a property for rent in Dubai, you can easily start renting it with the same techniques used by experienced landlords. You can also find the best real estate agency to help you become the best landlord as they will provide you with excellent tips so you will be able to establish yourself as a landlord in your area. Plus they will also help you find quality tenants which will give a definite boost in your career.
To check if you are doing everything the right way, have a look at the landlord’s checklist for renting in Dubai. It will certainly help you to pick up your phase and profit from your rentals in Dubai.
- Value of your rental property
If you have a rental property in Dubai, you have to know about the value of your property because only then you can get an understanding of the rents in Dubai. You can set a rental price for your property that is profitable for you and also attracts many tenants.
If you need an exact valuation of your property, you can get assistance from real estate agents in Dubai who will reveal the value of your property to you and also offer you excellent tips to increase its value if you require it.
- List your rental property
If you hire the services of a real estate agent it will be easy for you to market your rental property because they will spend extra time and effort to list your rental property like capturing eye-catching images of the property, posting it on their website and other marketing portals and more. Your homes to rent in Dubai will immediately get requests from tenants and you can choose the right tenant among them to live in your rental property.
- Sign a RERA form
As a registered landlord or owner of a rental property, you have to sign a RERA listing form to list your property. Your real estate agent will handle this procedure which will make everything hassle-free for you. Plus they will also ask for your title deeds and ID to complete the process.
- Employment status of tenants
One of the important things a landlord should clarify is the information about their potential tenants. For instance, you can know about their employment status. It is not uncommon for landlords in Dubai to enquire about their tenant’s work to get a clear idea about their financial stability.
- Number of occupants
Do you want to choose single-working professionals as your tenants, college students or families? This is important because you can focus more on what type of tenants will be comfortable living in your Dubai rent apartment. For instance, having too many occupants in a compact rental property will be difficult for them to take good care of the property. As a landlord, you will also be left to face maintenance issues that can take your time and money. So to avoid this issue decide on the number of occupants suitable for your rental property.
- The good conduct of tenants
The best way to confirm if you are having good tenants is to ask them for a Police Clearance Certificate which will be solid proof of their good conduct. It is also known as the Certificate of Good Conduct issued by the Dubai Police to responsible citizens. Therefore if you want responsible and well-behaving tenants to live in your rental property get a good conduct certificate from them.
- Maintenance responsibilities
In Dubai usually, the maintenance responsibilities of a rental property are managed by landlords and owners. But as a landlord, you can ask your tenants to understand that it is also their responsibility to keep the property in good condition. You can discuss your expectations with the tenants and have it as part of the rental agreement so there is no discord in the future.
- Sign tenancy agreement
Finally, after you have chosen the tenant and found them suitable, you can ask your real estate agent to prepare a tenancy agreement for you and your tenant to sign. You have to ensure that the tenancy agreement contains all the important points clearly. If you need more information about creating a good tenancy agreement, you can get input from your real estate agent.
Want to find tenants for your rental property?
With the great assistance from Dubai real estate agents, it is an incredibly easy and effortless process for you to find tenants for your rental property. They will market the property, prepare an amazing marketing strategy for it and also scour for excellent tenants for you. This will help you to get a high rental yield from your property for a long time.
The Dubai rental market is thriving which gives you a great opportunity to start your career as a landlord now without any obstacles in your path.
