Qatar Real Estate News
More plans on the way to stabilize rental market
Officials are studying various proposals, pertaining to regulation of landlord-tenant relations as, the current rental law, is due to expire next month. It is said that most likely the rent increases would be capped at 7 percent for the next two years.
It has been suggested that it may be made mandatory for property owners and tenants to get their rent contracts approved by the municipal authorities. In case it is not approved by concerned civic authorities, an agreement will have no legal standing.
It is also being proposed that real estate offices should be set up at the municipalities, so serve this purpose. The offices, apart from endorsing tenancy contracts, should also have two committees headed by a judge. While one panel settles landlord-tenant disputes, the other will receive grievances and complaints from both parties. The disputes should be referred to the court only if the committee hears the disputes and makes serious attempts to resolve it and fails. The offices which will be manned by real estate experts should be asked to fix rentals of properties based on their quality, size and location.
Another main proposal being discussed is, to remove middlemen from the rental property market, considering it illegal for any party to take on a property on rent for the purpose of re-renting at higher rates. Only actual users of the property should be allowed to sign tenancy agreements.
In case a landlord evicts a tenant on the pretext of demolishing a property, and if the property is later rented out to someone else at higher rent, the tenant should be given the right to file a case, and in such a case, the authorities concerned should decide on the monetary compensation to be awarded to the tenant.
It is suggested that these rules should be made applicable to even the government departments, ministries, state agencies, corporations, apart from restricting it to residential units alone.
In order to make these proposals more effective, it should be made mandatory that a tenant moving into a property should contact the real estate office of local municipality within two weeks to endorse the tenancy agreement, and only after this, the tenant should be made to apply for electricity, water and telephone connections, reports The Peninsula.
Posted on 14/1/2008
Read more news
> Villa rentals in Qatar expected to plummet further -29/7/2010
> Qatar government steps in to fund Barwa real estate projects -13/7/2010
> Qatar realty sector to receive major boost with FIFA meet announcement -13/7/2010
> Doha property sector still lacks banking support -6/7/2010
> Qatar property sector tries to match-up supply with demand -16/6/2010
> Tuscan Towers to be delivered to owners in weeks -7/6/2010
> QIB signs deal for financing Al Khor residential project -10/5/2010
> Qatar realty sector will outdo its regional counterparts -3/5/2010
> Qatar real estate sector likely to grow 7% in 2010 -12/4/2010
> Qatar property sector records setback in Q1 2010 -5/4/2010






