When the RDSC needs to decide on a fair rent amount, the Tribunal is responsible for determining the rental value of similar real property. This determination is based on criteria and rent amounts proposed by RERA. The judge considers the property�s…
When the RDSC needs to decide on a fair rent amount, the Tribunal is responsible for determining the rental value of similar real property. This determination is based on criteria and rent amounts proposed by RERA. The judge considers the property�s condition and the prevailing values in similar local markets. Other factors like the economic situation in the Emirate are also evaluated. This ensures that any rent set by the court is objective and grounded in actual market data.
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