A landlord in Dubai is encountering a difficult predicament after being denied rental income, despite having a contract with the property developer. The developer asserts that the returns are only enough to cover service and maintenance charges, leaving the landlord without the anticipated rental payments.
The landlord, who bought the property directly from the developer five years ago, signed an agreement stating that 70% of the rental income would be allocated to him, while the remaining 30% would cover service and maintenance costs. However, after more than three years, the landlord has yet to receive any rental payments and is now being asked to shoulder the expenses himself.
Legal experts indicate that the landlord may need to initiate a civil case to recover the rental amounts and seek the cancellation of the contract. This situation underscores the complexities of property agreements and the necessity of understanding legal rights and responsibilities in such circumstances.
