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What is the ideal rent duration with a single contract?

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Question added by Rami Abbas , Sales Manager , Al Houda Contracting and Real Estate Development
Date Posted: 2016/02/27
Zyad Abd Al Ratha Habeeb -  Lawyer-Legal Counsel
by Zyad Abd Al Ratha Habeeb - Lawyer-Legal Counsel , Deputy Legal Department Manager , SAAE

In general for residential contract its one year and this also apply on commercial contract. However in many cases specially for commercial tenancy contract the period might be 3 - 5 years and even more. 

Mohammed Tawfick Ismail Awadin
by Mohammed Tawfick Ismail Awadin , Senior Contract and Procurement, CIPP | CIPM , MBL - Modern building leaders company

Initially contracted varies from nothing to something I mean, if, for example, held equipment possible to make the stomach a year of the start of the stomach history if workers hold the best work of his three months or four months with renewal in case of demand either the rest of the business such as the establishment concrete block is possible to work to one to above if it needed, and at the end of the whole thing depends on the request of the project manager work required type and amount of work required.

DrSedeek ElHakeem
by DrSedeek ElHakeem , Health Insurance advisor , HICARE

better to be 2 years and renewal to review the new changes in the market

Percy Salamera
by Percy Salamera , Founding and Senior member , Legaspi Barcelo & Salamera Law Offices

It varies depending on the needs of the parties. But as long as the parties agreed to the terms and conditions (including the duration) then that is the ideal for both parties.

 

faisal alramada
by faisal alramada , procurment and admin assistant , s5group for oil field services

as matter fact ,company policy varies in its conditions but mostly its renewed after six months to stable to other terms and conditions both parties agree on a certain term of timing.

Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

1 year and upon completion renewal with revised contract terms. thanks

Samir Ibrahim Belasy
by Samir Ibrahim Belasy , Public Relations TS , KOC Secondment - Public Relations

the usual used duaraion is between 3 to 5 years

Deleted user
by Deleted user

It all depends on the client and market situation.

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