UAE Property: 'Should I waive the penalty if my tenant can no longer afford the rent?'
Question: I own a one-bedroom apartment that I rent out. My tenant renewed only three months ago but has now lost his job and says he needs to leave the UAE . The tenancy contract says early termination requires two months' rent as a penalty. He has asked me to waive it because he has a family and says he genuinely cannot afford it. I'm sympathetic, but I'm