Document background
The Rent Increase Agreement is a crucial document in the UAE's property rental landscape, used when a landlord wishes to implement a rental increase in accordance with local regulations. This document becomes necessary when the existing rent falls below market rates and the landlord is legally entitled to an increase under UAE federal law and emirate-specific regulations. The agreement must comply with various requirements, including maximum increase percentages, notice periods, and market rate justifications (such as the RERA index in Dubai). It serves as a formal amendment to the existing lease agreement, documenting the new rental amount, effective date, and confirmation of regulatory compliance. The document is particularly important in jurisdictions like Dubai and Abu Dhabi, where specific rent increase calculations and procedures must be followed to ensure legal enforceability.
