If you have Dubai properties for rent, it is inevitable to encounter some tenants who do not pay on time or do not pay at all. This is actually the most stressful part of being a landlord. Here are some steps to guide you on the right things to do when your tenants has been nowhere to find come the end of the month to pay rental dues.
1. Talk to your tenant. Talk to them in a calm manner. There would be a possible valid and acceptable reason why they fail to pay and it might be an isolated issue. Your goal is to come up with some arrangement about dealing with the payment scheme or at least get part of the payment for the rent and talk about when they will pay the rest. Always remember to stay professional in your talks and dealings with your tenants.
2. Find out if they are eligible local housing allowances. If your tenant is unable to pay because of certain valid reasons like job termination or maybe their spouse or partner has left them, they might be eligible for government allowances. You can advice them to get in touch with their local government to see if they are eligible for the benefits and what are those they might be able to get to help them with their rent and other expenses.
3. Consider reducing the rent. If you and your tenant have a good relationship from the very start, the possible solution could be reducing their rent in your Dubai rental property UAE for a certain period of time. Aside from helping your tenant, you could also save from the headaches and costs involved in finding a replacement or getting a lawyer. Before doing this, you might want to make it clear in writing that the reduction is for a certain period only, and decide a specific date by which the rent will be back its original amount.
4. Let them leave. If obviously they can’t pay and you have already made every possible solution in addressing the issue, it might be the best option is to just let them break their contract and let them leave your residential for rent.