[ad_1]
I purchased a completed apartment Acquired from the developer for AED 2.9 million in July 2021, and sold for AED 2.9 million on October 8 last year. My completed payment plan.
I made an advance of AED 4,241 last SeptemberProperty registration fee. Now that the unit is fully paid, the developer asks me to pay Dh3,000 or Dh4,200 to the trustee’s office for title registration.
I bought a house Dh4.9 million from another developer, but Oqood only charged Dh1,095 for registration.
I am trying to get Title deed for the first apartment Register in my name asap as I plan to sell it.
The Dubai Land Department asked me to contact the trustee’s office to clarify the fee. However, the trustee’s office said they had no control over the registration fee, which was left to the developer’s discretion.
Shouldn’t such fees be standard and set by the DLD? How can developers allocate property registration fees at will? EF, Dubai
DLD is trying to simplify the way real estate is bought and sold in Dubai, and while there are some hurdles along the way, it has triumphed in its approach to making the process as easy and hassle-free as possible.
I agree with you that in the future all developer registration fees should be standardized for full transparency.
That being said, we sometimes encounter situations that seem unfair. Fees set entirely by developers are one such anomaly.
Under normal circumstances, all that could happen should be covered in the Sale and Purchase Agreement (SPA) that you may have signed with your initial purchase.
____________
WATCH: A $60M mansion — We take a look at Dubai’s newest party palace
The document should outline the fees levied and when they are due. If such information does not exist in your SPA, I would challenge the developer to justify these fees.
To sell the unit, you need to own the title deed in your name. If there is no progress despite confronting the developers, you must move on.
Such a developer can fool you once, but not twice. You must have learned an expensive lesson about any future off-plan purchases and who you’ll be buying from.
If a landlord evicts a tenant, instead of moving in, but rents out the property to a new tenant, how much compensation is the tenant entitled to? Florida, Dubai
If a tenant wins a Rent Dispute Resolution Board (RDSC) judgment in the example you cite, judges have been seen in the past offering annual rent as compensation. Often, the fee is also included in the reward.
However, no two cases are necessarily the same in terms of the compensation awarded.
It is up to the presiding judge to make such a decision as he or she deems appropriate based on the specific case and circumstances.
I moved into a rental apartment in April 2021. However, the landlord wanted to sell the property and issued a 12-month notarized eviction notice last November.
I renewed my 12 month lease in April this year. However, my landlord has found a buyer for the apartment and wants me to move out by November 2022.
Am I legally entitled to live in the condo until April 2023, or should I move out of the condo as per the original notice? morning, dubai
The reality of all this is negotiating with all parties. I recommend you talk to new buyers to determine why they bought the property.
____________
my dubai rent — Mischa Agarwal in pictures
Is it to rent as an investment or buy to live in? If it is bought to rent, the new owner cannot evict you in search of another tenant. The new owner must respect your current contract.
However, if the new owner wishes to move in on their own, as seen in the RDSC case, some judges require the new owner to send a separate 12-month eviction notice.
If you negotiate with a new buyer, you may stay until the lease expires in April 2023, or you may stay longer.
Mario Volpi is Sales and Rental Manager for Engel & Volkers. He has been in the real estate industry for over 35 years in London and Dubai. The opinions expressed do not constitute legal advice and are provided for informational purposes only.Any questions please send to mario.volpi@engelvoelkers.com
Updated: 10/6/2022 3:30AM
[ad_2]
Source link