Sep 10 2013
|more articles from|
Dubai property law changes for quick settlement of rent disputes by month-end
Rent dispute committee has presented draft of amendments to government and expect implementation this month
The committee for the settlement of rent disputes has presented a draft of the amendments to the government with the aim of slashing time needed to resolve rent rifts and stimulate the market in the region's business and trade hub.
"The committee has drafted a new amendment to the law which was presented to the competent authorities. We expect it to be enforced before the end of September," the committee's chairman Saeed Al Kindi said, was quoted as saying by Emarat Al Youm daily.
"The new amendments were prompted by market developments which necessitate expediting procedures to settle disputes. The law also allows the parties which do not accept the committee's verdict to appeal within three days in order to reach acceptable decisions in a short period of time."
Kindi said the committee had tackled nearly 4,000 disputes and most of them involved failure by tenants to pay rent.
He said the committee would form four sub panels within a week to tackle rent disputes and save time, adding that they could handle 35-40 cases a day.
"What we seek in our work is mercy, justice and the strict application of the law. Satisfying all the parties is a difficult issue but we are trying our best."
© Copyright Zawya. All Rights Reserved.
People Who Read This Also Read
More in Real Estate
- Ezdan Group to raise non-Qatari stock ownership up to 49%
- Saudi Dur hotels franchise to Holiday Inn
- Qatar's affordable housing demand to grow at 3.75% CAGR until 2022- report
- Dubai's Nakheel to continue USD550m project in Vietnam - Dau Tu
- Oman launches second phase of tenders for Liwa city infrastructure