Clarification needed on rent cap increase please
I just needed clarification on this, does this mean the rent CAN increase in the first year but just not more than 5%.
I always thought it can not be increased AT ALL in the first year.
http://www.thenational.ae/news/uae-news/abu-dhabi-rent-rises-capped-at-5
Hope someone can advise soon, I have a colleague who is desperate to know as she just got notification of an increase and its her first years renewal.
Thanks.
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