I plan to sell my property in Arabian Ranches, Dubai, that is current tenanted until July 11. There are two specific clauses in my tenancy contract, which is signed by the tenant, as follows: a) If the property is sold within the term of contract, the tenant has the right to remain in the property for the duration of contract at the same rental rate and security deposit will be collected from the new owner; and b) By signing this contract the tenant confirms that he/she received the property and its attachment in good condition and undertakes on expiry of period of tenancy to deliver up the leased property to the landlord. Can I not renew the contract and ask the tenant to leave the property on expiry of contract or do I still I have to give one year's notice to make them vacate? TK, Dubai
These clauses are standard in nature and even though a contract states a tenancy end date, this is really a renewal date and a landlord is still required to give their tenant a full 12 months’ written notice, dating from the next renewal date, in the prescribed format.
Keren Bobker is an independent financial adviser with Holborn Assets in Dubai. Contact her at keren@holbornassets.com
