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Find out moreDIFC Law No. 1 of 2020 and Leasing Regulations (“Leasing Law”) has recently been issued by the Dubai International Financial Centre (“DIFC”), to come into force on 14 January 2020.
The Leasing Law was foreshadowed by the Real Property Law (DIFC Law No. 10 of 2018), which amended the regime for the registration of leases with the Registrar of Real Property, but dealt with very limited aspects of leasing. This Leasing Law now supplements the existing Real Property Law and provides clarification to lessors and lessees of properties in the DIFC on their respective rights and obligations.
In particular, the Leasing Law sets out:
Al Tamimi & Company can provide advice on all aspects of the Leasing Law, including:
Tara Marlow
Partner, Head of Real Estate, Hotels & Leisure
t.marlow@tamimi.com
Mohammed Kawasmi
Partner,
Real Estate
m.kawasmi@tamimi.com
Rita Jaballah
Partner, Head of International Litigation Group
r.jaballah@tamimi.com
Peter Wood
Senior Counsel, International Litigation Group
p.wood@tamimi.com
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Disclaimer: This chat service should not be relied upon as a substitute for professional advice which takes account of your specific circumstances and any changes in the law and practice. No warranty is made as to the accuracy or completeness of the information provided via this service and no liability is accepted by Al Tamimi & Company Limited, its affiliates, partners or employees for any loss arising as a result of reliance upon the information provided.
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