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Addendum To Rental Agreement For Rent Increase

Addendum To Rental Agreement For Rent Increase Template for United Arab Emirates

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Key Requirements PROMPT example:

Addendum To Rental Agreement For Rent Increase

"I need an Addendum to Rental Agreement for Rent Increase for my Dubai residential property, implementing a 5% rent increase effective March 1, 2025, with confirmation of RERA calculator compliance and 90 days' notice requirement."

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Document background
The Addendum To Rental Agreement For Rent Increase is a critical document used in the United Arab Emirates when property owners wish to increase rent on their leased properties. This document becomes necessary when the current market conditions and RERA calculations permit a rent increase, and the landlord has provided proper notice to the tenant as required by UAE law. The addendum must comply with Dubai Law No. 26 of 2007 and related regulations, including adherence to the RERA Rental Index for permissible increase percentages. It should be used only after verifying that the proposed increase falls within legal limits and proper notice has been given to the tenant. The document typically includes details of the original lease, the amount of increase, effective date, and confirmation that all other lease terms remain unchanged.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant, matching exactly as they appear in the original lease agreement

2. Background: Reference to the original lease agreement, including its date, property details, and current rent amount

3. Definitions: Key terms used in the addendum, including 'Original Lease Agreement', 'Effective Date', 'New Rent Amount'

4. Rent Increase: Clear statement of the new rent amount, the percentage increase, and confirmation that it complies with RERA calculations

5. Effective Date: Specification of when the rent increase takes effect

6. Confirmation of Other Terms: Statement that all other terms and conditions of the original lease agreement remain unchanged

7. Governing Law: Confirmation that the addendum is governed by UAE laws and regulations

8. Execution: Signature blocks for all parties and date of signing

Optional Sections

1. Payment Schedule: Include when the rent payment schedule is being modified along with the increase

2. Security Deposit Adjustment: Include when the security deposit needs to be increased proportionally with the rent increase

3. Notice Confirmation: Include when specific documentation of the notice period compliance is required

4. RERA Approval: Include when RERA pre-approval is required based on the percentage of increase

5. Dispute Resolution: Include when parties wish to specify specific dispute resolution procedures for matters relating to the rent increase

Suggested Schedules

1. Schedule 1 - RERA Rent Calculator Output: Attached copy of the RERA rent calculator showing the permissible increase

2. Schedule 2 - Notice of Rent Increase: Copy of the formal notice of rent increase served to the tenant

3. Schedule 3 - Payment Schedule: Detailed breakdown of the new rent payments if paid in multiple installments

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Retail

Commercial Property

Residential Property

Hospitality

Industrial

Office Space

Healthcare

Education

Warehousing and Logistics

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Property Management

Asset Management

Contract Administration

Tenant Relations

Relevant Roles

Property Manager

Real Estate Manager

Leasing Manager

Legal Counsel

Facilities Manager

Asset Manager

Property Administrator

Real Estate Director

Compliance Officer

Contract Administrator

Operations Manager

Chief Financial Officer

Real Estate Agent

Tenant Relations Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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