RERA Law
The Role of RERA in Regulating Real Estate Practices and Protecting Consumers
RERA Law
The Real Estate Regulatory Authority (RERA) was established in 2007 to protect homebuyers' interests and foster investment in the real estate sector. The RERA Act of 2007 has been implemented across various states to ensure a regulated and transparent real estate industry.
Key Responsibilities of RERA
Registration and Regulation
RERA registers and regulates real estate brokers, developers, and development projects, overseeing property sales and purchases.
Compliance
Ensures adherence to laws and regulations within the real estate market.
Dispute Resolutio
Manages and resolves disputes between parties involved in real estate transactions.
Recent Initiatives
RERA has introduced several initiatives to enhance market transparency and protection:
Off-Plan Sales Registration
Developers are required to register all off-plan property sales with RERA and provide a 10-year warranty on newly built properties.
Rental Index
Established to regulate rental prices and safeguard the rights of both tenants and landlords.
Services RERA Offers
RERA provides a variety of services for both businesses and individuals in Dubai. Here are some of the key services offered
Real Estate Licensing
RERA issues licenses to real estate brokers, developers, and service providers, ensuring that only qualified and experienced professionals operate in the market.
Real Estate Registration
RERA manages the registration of real estate transactions, such as sales and leases, creating a public record that helps verify ownership and resolve disputes.
Dispute Resolution
RERA facilitates the resolution of disputes between buyers, sellers, and developers through mediation, arbitration, or litigation.
Education and Awareness
RERA offers educational resources and raises awareness about the real estate market, helping all parties understand their rights and responsibilities.
Why is RERA Essential?
RERA serves as a crucial mediator for property buyers and developers, addressing the uncertainties that once affected the real estate market. With RERA, buyers now have access to detailed project information and can verify project documents, enjoying a level of protection and transparency that was previously lacking.
Responsibilities
Landlord Responsibilities
According to property regulations, landlords are required to adhere to the rules outlined in Articles 15 to 18 to foster positive relationships with tenants.
- Landlords must ensure that the property is in good condition, allowing tenants to use it as intended.
- They are responsible for any repairs and maintenance that affect the tenant’s use of the property.
- The law prohibits landlords from making changes that restrict the tenant’s full enjoyment of the property.
- If any damage occurs during such changes, the landlord is fully responsible for it.
- Landlords must also obtain approval for any alterations that require permission from the relevant authorities.
Tenant Responsibilities
According to RERA regulations, as outlined in Articles 19 to 24, tenants have the following responsibilities:
- Tenants must maintain the property as if it were their own and avoid making any unauthorized changes without the landlord’s and authorities’ approval.
- The landlord is obligated to refund the security deposit, provided the property remains in the same condition as when it was initially leased.
- Tenants must ensure timely payment of all utility bills, including electricity, gas, telephone, and water.
- Tenants are prohibited from sub-leasing the rented property.
What Is a Rental Dispute in Dubai?
A rental dispute occurs when either the landlord or tenant fails to comply with RERA and Dubai Tenancy laws.
Common causes of rental disputes in Dubai include:
Violation of Eviction Rules
There are specific notice periods and conditions under which eviction is permitted. Disputes arise if either party does not follow these rules.
Termination of the Tenancy Contract
Both landlords and tenants must adhere to RERA’s regulations for ending lease agreements. Non-compliance can lead to disputes that may be escalated to the Rental Dispute Centre.
Unjustified Rent Increases
Disputes often arise from unreasonable rent hikes. RERA provides guidelines for calculating fair rent increases based on area-specific parameters.
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