The Dubai Marina.
PHOTO BY ARCHIVE
DUBAI – Homeowners who have tied up with property management companies to lease out their apartments in Dubai will reportedly need to clear their unpaid service charges in 2020 or risk not having rental contracts renewed, according to a notice from property management companies.
According to legal notices sent by property management firms this week, Dubai homeowners have until early October to pay service charges for 2020.
Delays in payments will result in non-registration or non-renewal of rental lease, property managers warned. The case may also be taken to court where the “owner shall be liable for all expenses”.
Commenting on the issue, homeowners said they will continue to make their case with the Real Estate Regulatory Authority (RERA) on better management of service charges.
“This is completely inconsiderate to enforce this time when a lot of people are facing loss of income due to the pandemic,” a homeowner told Expatmedia.net.
Thousands of businesses, investors and individuals have been affected by the economic impact of the coronavirus pandemic, with property owners offering rent holidays to tenants in efforts to ease the financial burden. ICA/Expat Media
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