18.10.2024
For long-term rentals, it is mandatory to sign a contract, which must be registered (Ejari), and the tenant's rights are securely protected. The contract can only be terminated for a specific set of reasons, and the tenant must be properly notified at least a year in advance," explained Ekaterina Nikitina, founder of the international overseas real estate company Nevestate. After the contract is registered, payment cheques are issued; typically, there are four of them. "Once a quarter, a cheque is deposited, and the owner receives the funds. There can be two or three cheques, or less commonly — 12.