Rent Renewal
Nov 6th 2012, 7:17 pm
#122
BE Forum Addict
Joined: Apr 2007
Location: Dubai
Posts: 4,403
Re: Rent Renewal
Next problem.
HSBC have asked for a letter from new company. New company being a bit funny and slow about writing / signing it. Think I'm getting there though.
LL is now chasing for the cheque, asking when it can be collected today.
I don't have 65,000 in my account to give them.
Rent is technically up on 19th November (end of contract date). When am I meant to have paid them by?
HSBC have asked for a letter from new company. New company being a bit funny and slow about writing / signing it. Think I'm getting there though.
LL is now chasing for the cheque, asking when it can be collected today.
I don't have 65,000 in my account to give them.
Rent is technically up on 19th November (end of contract date). When am I meant to have paid them by?
1250 a week/5,410 a month..if you do it weekly you hardly miss it.
When I had to pay my rent in 1 cheque I made sure I put 4250 a week away so I had the money to cover the cheque at the end of contract. I pay in 4 cheques now but it doesn't really make that much difference, I still need to put money aside each week. Once I have put the money aside each week for rent/dewa/maid/phone etc if I have any left over I can go out, if not I stay in
Nov 6th 2012, 7:48 pm
#123
Account Closed
Thread Starter
Joined: Feb 2011
Posts: 0
Re: Rent Renewal
Darling, none of my business really but why haven't you put money aside each week/month so that when your rent is due you have it in cash?
1250 a week/5,410 a month..if you do it weekly you hardly miss it.
When I had to pay my rent in 1 cheque I made sure I put 4250 a week away so I had the money to cover the cheque at the end of contract. I pay in 4 cheques now but it doesn't really make that much difference, I still need to put money aside each week. Once I have put the money aside each week for rent/dewa/maid/phone etc if I have any left over I can go out, if not I stay in
1250 a week/5,410 a month..if you do it weekly you hardly miss it.
When I had to pay my rent in 1 cheque I made sure I put 4250 a week away so I had the money to cover the cheque at the end of contract. I pay in 4 cheques now but it doesn't really make that much difference, I still need to put money aside each week. Once I have put the money aside each week for rent/dewa/maid/phone etc if I have any left over I can go out, if not I stay in
I can't afford to put 5,200 to rent each month (like I did last year, directly from my salary) AND 5,200 a month to savings for next years rent.
I also spent most of my savings money on furnishing the place and paying off debt in the UK.
Nov 6th 2012, 9:21 pm
#124
Token Scandinavian Bloke
Joined: Jun 2009
Location: Dubai
Posts: 2,820
Re: Rent Renewal
Yep.
If HSBC were clever they'd look at my current account, my savings account, my credit card and my car loan with them to see I've never missed a payment, never gone over limit, never ****ed about.
They'd also see my payslips from previous company that I provided for my car loan to show the rent amount I had been paying previously.
It would be a pretty simple decision.
If HSBC were clever they'd look at my current account, my savings account, my credit card and my car loan with them to see I've never missed a payment, never gone over limit, never ****ed about.
They'd also see my payslips from previous company that I provided for my car loan to show the rent amount I had been paying previously.
It would be a pretty simple decision.
Nov 6th 2012, 10:56 pm
#125
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Joined: Apr 2007
Location: Dubai
Posts: 4,403
Re: Rent Renewal
I forgot that this is your 2nd year. Maybe try and save half for rent then for next time. It is hard when you have to get a loan to pay your rent, won't your company pay it and deduct it each month?
Nov 6th 2012, 11:00 pm
#126
Account Closed
Thread Starter
Joined: Feb 2011
Posts: 0
Re: Rent Renewal
Nov 7th 2012, 2:50 am
#127
Lost in BE Cyberspace
Joined: May 2008
Posts: 5,125
Re: Rent Renewal
If it were monthly cheques I'd be fine.
I can give him several months in advance.
Worst worst case scenario, I'll have to strike a deal with my Dad but I REALLY don't want to do that.
My other concern is that HSBC will say no (if I get the letter from work) because i've been in this job only 6 weeks.
I can give him several months in advance.
Worst worst case scenario, I'll have to strike a deal with my Dad but I REALLY don't want to do that.
My other concern is that HSBC will say no (if I get the letter from work) because i've been in this job only 6 weeks.
Nov 7th 2012, 5:58 am
#128
Joined: Jun 2008
Posts: 1,271
Re: Rent Renewal
[as said why didnt you put some away each month so that you could cover a least half of the rent for the next year. things have changed and companies do not want to gift you a whole years rent, problems with cashflow, thats why a lot of new contracts are "all in" and so its not their responsibility.[/QUOTE]
Easier said than done sometimes, everyone has different commitments, it took me 3 years to get to a saving situation
Easier said than done sometimes, everyone has different commitments, it took me 3 years to get to a saving situation
Nov 7th 2012, 7:22 am
#129
BE Forum Addict
Joined: Apr 2007
Location: Dubai
Posts: 4,403
Re: Rent Renewal
[as said why didnt you put some away each month so that you could cover a least half of the rent for the next year. things have changed and companies do not want to gift you a whole years rent, problems with cashflow, thats why a lot of new contracts are "all in" and so its not their responsibility.
It is easier now than when I 1st moved to Dubai..there was no other way than to pay 1 cheque upfront ..easy for people who work for companies but really hard for us self employed people!
Nov 7th 2012, 7:27 am
#130
Joined: Jun 2008
Posts: 1,271
Re: Rent Renewal
I agree Patsy but also when I moved here companies gave you the payment up fronts 12 months interest free, it just goes to prove as said many times n this forum, it may be tax free but with a lot of hidden burdens
Nov 7th 2012, 2:30 pm
#131
You read these things?
Joined: Jun 2010
Posts: 1,261
Re: Rent Renewal
Exactly. Like landlords who refuse to change with the times.
Nov 7th 2012, 6:31 pm
#132
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Rent Renewal
Scamp
Email me. I might be able to help out.
Nov 7th 2012, 9:36 pm
#133
Lost in BE Cyberspace
Joined: Jul 2009
Location: Disneyland, Dubai
Posts: 15,887
Nov 11th 2012, 6:37 pm
#135
Account Closed
Thread Starter
Joined: Feb 2011
Posts: 0
Re: Rent Renewal
I've had enough of this shit **** of a country.
Utterly ****ing backwards, full of spastic ***** and I hope they all die of stupidity.
Sorry, your loan was rejected because you've only been in your company a month so we don't know enough about you.
I've banked with you for nearly two years, you have all of my accounts, savings, car loan, credit card. You do ****ing know me you half-wit bank of ****ing morons.
Homeless.
Utterly ****ing backwards, full of spastic ***** and I hope they all die of stupidity.
Sorry, your loan was rejected because you've only been in your company a month so we don't know enough about you.
I've banked with you for nearly two years, you have all of my accounts, savings, car loan, credit card. You do ****ing know me you half-wit bank of ****ing morons.
Homeless.
