Abu Dhabi Accommodation
#1
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Joined: Sep 2009
Location: Abu Dhabi
Posts: 1,805
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
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
#2
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.
I think it gives you more options if you put it in your name BUT as said before your company might not let you.
#3
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.
I think it gives you more options if you put it in your name BUT as said before your company might not let you.
if they fire you, then you talk to them about keeping it... or you can just stuff them with a flat and walk away.
#5
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Joined: May 2009
Location: Back in the best hemisphere...
Posts: 474
Re: Abu Dhabi Accommodation