Proof of ownership (Title Deed and copy of the sales agreement and proof of payment completion).
Owner's passport copy.
POA (if required).
Trade license copy (if property is under company's name).
Receipt of payment of Service Fees.
Apartment Inventory list (if unit is furnished).
Information required in order to manage your property:
Is the property vacant or tenanted?
Is there a service provider contracted for the property? Would you like Hamptons to provide details for some service providers?
Complete contact details of the owner (landline number, mobile, email, mailing address, PO Box).
Bank account details of the owner for transferring received rent.
We recommend that the landlord is present for an inspection / handover while receiving the property directly from the developer. However, if this is not possible, then Hamptons International can arrange for the handover at a nominal cost of AED 2000/- (plus any actual costs or fees where applicable).
If handover is between the landlord and tenant
No, the landlord is not required to be present for an inspection / handover as Hamptons International would represent the landlord for this purpose. During this time, the Hamptons representative will make a detailed report on the inspection / handover and ensure that all discrepancies are brought to the landlord's attention immediately.
We highly recommend the platinum package, if you don't have an annual maintenance contract in place yet and if your property is outside the 1 year Developers warranty.
An AMC will give you piece of mind, as there will be a 24/7 call out service for emergencies and on top of regular servicing of AC’s and maintenance of MEP amongst others, your property will be safe and your tenants will be happy, as there will be no delay attending to emergencies.
If a tenant is in breach of the tenancy contract and the dispute can’t be solved between the Tenant and Landlord, a legal case needs to be filed with the Rent Committee. The RC shall decide on the final verdict.
If the rent is 11% to 20% less than the average similar rent in the area, rent can be increased by 5%.
If the rent is 21% to 30% less than the average similar rent in the area, rent can be increased by 10%.
If the rent is 31% to 40% less than the average similar rent in the area, rent can be increased by 15%.
If the rent is lesser than 40% less than the average similar rent in the area, rent can be increased by 20%.