Tenants will not get hit with penalties if they seek an early termination of lease
Dubai: The property app, Urban, is offering “flexible” contracts on select listings made on the platform.
Tenancy contracts typically feature a penalty of two months’ rent should they wish to end their lease before its due date. This places a “burden on tenants, often to the tune of thousands of dirhams depending on the value of their rental agreement,” the company said in a statement.
The Flexible Contract initiative removes this burden by allowing tenants who rent select homes to exit their contracts without incurring these fees.
The clause kicks in six months from the contract start date, at which point the tenant is free to leave the unit upon giving a month’s notice.
“Together with landlords, we can pave the way for a new trend that introduces convenience and encourages empathy for tenants, both of which are much needed during these trying times,” said Tala Nsouli, General Manager of Urban.