Abu Dhabi Accommodation
 

Afternoon folks.

After 5 weeks in a dry rotana, I've finally found suitable accommodation. Estate agent asked if the lease would be in the companies name or mine. Company is paying the rent, 5% sec + 5% commission, so I initially said the companies name. However can someone explain if there is actually a difference other than the name? Is there anything I might need here that would require a lease in my name?

It's possibly not an important issue at all, but I'm still learning how daft the documentation is here so figured better to ask the experts.

Brian

Re: Abu Dhabi Accommodation
 

Depends on your company and yourself. I put the house in my name and just got the money from the company. This meant when I got sacked last year I still managed to keep the house and just paid the company back.
I think it gives you more options if you put it in your name BUT as said before your company might not let you.

Re: Abu Dhabi Accommodation
 

personally I'd put it in the company name...

if they fire you, then you talk to them about keeping it... or you can just stuff them with a flat and walk away.

Re: Abu Dhabi Accommodation
 

agree 100%.....never take anything in your own name here that may leave you liable.

Re: Abu Dhabi Accommodation
 

What they said.

I have just had to dispose of several properties that were in our company name. Employees were able to just hand back keys and walk away when it all went pear shaped.