Sharjah rent contract registration fee doubled from August

Sharjah rent contract registration fee doubled from August

Mandatory to register contracts through e-tenancy service from September 1

By Parag Deulgaonkar Emirates 24/7 News

Published Monday, July 18, 2016

Sharjah rent contract registration fee doubled from August

Sharjah Municipality has doubled the residential rent contract attesting fee from 2 per cent to 4 per cent of the annual rent from August 1, 2016.

The civic body said: “Pursuant to the Executive Council Decision No 26 of 2016 concerning the modification of the fees schedule of tenancy contract attest in Sharjah, the new fee structure will come into force as of 1/8/2016 to be as follows, residential contract: 4 per cent of annual rent, commercial contracts: 5 per cent of annual rent and investment contracts: 3 per cent of annual rent.”

It added that fees of lease agreement documents (of all types) will be Dh100, up from the existing Dh50.

Sharjah rent contract registration fee doubled from August

The municipality also called upon all real estate offices licensed to operate in the emirate to register with the municipality’s e-tenancy contract service to get tenancy contracts attested through this service.

“Please note that the renewal of the residential and commercial tenancy contracts will no longer be attested for real estate offices through the traditional method, as the attestation will only be done through the electronic system as of September 1, 2016,” it said.

The real estate offices will be held responsible for any legal consequences that may arise from their failure to register in the e-tenancy contract service, the municipality said.

Posted on July 18, 2016 in Dubai news, Property, Real Estate

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