Dar Al Ishraq is committed to providing an integrated and inclusive service that meet the requirements of tenants, investors, and landlords. Rent evaluation and review is one of our premium service that we offer to all types of properties. This process is executed through a streamlined module that takes into consideration all the factors that affect the rental rates and values, such as location, the age of property, facilities, supply and demand and many more. We also help our clients by presenting a detailed report, recommending the ideal rental rates and possible means to take full advantage of them.
There often arises many problems when it comes to the re-evaluation of rent, which results in negotiations to reach an agreement between a tenant and the landlord. We take care of all negotiation on behalf of our clients with property owners if they want to make amendments on rent rates. With our distinctive negotiating strategies and experience in the real estate sector in the UAE, we arrive at the most appropriate solution that eases tenant’s worries without disturbing the property owner’s interests.
If a rent review date is approaching, an early assessment of your situation is vital to ensure that the best possible negotiating strategy is prepared.
When a notification is received that your landlord is seeking to increase your rent, professional representation is recommended, as there will usually be room to negotiate. To achieve the best possible settlement on your behalf, at Dar Al Ishraq get into negotiation mode taking into account the following factors:
- The marketability of the commercial property concerning its floor area, age, location, specification, amenities and use.
- The terms of the lease relating to the rent review process, some of which require the assumption of artificial circumstances to arrive at a rental value.
- The state of the commercial property market as a whole and evidence of lettings or rent reviews of comparable business properties in the immediate locality.
- Whether any work is necessary to improve the appearance of the property to make it more attractive to potential purchasers or tenants.
- The price and rent as applicable
Thus, our staff at Dar AL Ishraq, with great real estate expertise and administrative credentials, can take on the task of re-evaluating lease between the tenant and the landlord. We study relevant data and accurate information relating to the real estate market prior to any negotiation process. Our aim is to build trust with our client, providing creative solutions that safeguard their interests.