I have just lost my job. However, I am on a 12-month lease for my apartment and my next rental payment is due at the end of this month. My employer is only paying me up to today, which means I may not have enough money to cover the next rent. Can I end the lease early? Please advise me on what to do next. LC, Dubai
I would urge you to first look carefully at your rental contract, which will determine whether you are able to end your lease early and if any penalties will apply.
Talking about being charged a penalty for early termination is not helpful in your situation, but if this clause is in your contract, it will not just disappear. I suggest you try to have a face-to-face meeting with your landlord to explain what has happened and see if you both can come to a compromise.
Perhaps the landlord can offer you a payment holiday, allowing you to seek alternative employment during the time, or perhaps give you a discount or waive the penalty amount altogether.
I bought an off-plan villa on an instalment basis. The villa is now ready for possession and half of the instalments are yet to be paid. The developer is asking me to take possession of the property.
I have sufficient money in my bank account to pay the full amount in advance instead of paying in instalments and the contract allows me to do so. However, the developer has levied a condition that I am not allowed to rent or sell the villa until the full payment is completed. The company says if I do not take possession, there will be a monthly fine imposed.
Is it a good idea to pay for the villa in full or continue paying in instalments? I am worried about a second wave of the coronavirus pandemic and the possible need for cash in a worst-case scenario. QM, Abu Dhabi
The terms and conditions of your villa purchase will be outlined in total via the sales and purchase agreement (SPA) that you have presumably signed. It is clear that your agreement allows for you to continue to pay for the villa on a post-handover payment plan basis. Therefore, the answer to your question whether you should pay for the villa in cash now that you have enough funds remains your personal choice.
Ask the developer if there is some form of discount from the sales price should you pay it off now rather than follow the post-handover payment plan
To help you make this decision, I would ask the developer if there is some form of discount from the sales price should you pay it off now rather than follow the post-handover payment plan? If not, the only advantage to you would be that you can rent or sell it after the 100 per cent payment has been made, assuming this is still a relevant clause.
I understand your concern about liquidity during these uncertain times. I would suggest you keep to the payment plan and, therefore, your cash stays with you. However, if you need to rent the villa or sell it, you will have to pay the 100 per cent to be able to do so.
Mario Volpi is the sales and leasing manager at Engel & Volkers. He has worked in the property sector for more than 35 years in London and Dubai. The opinions expressed do not constitute legal advice and are provided for information only. Please send any questions to mario.volpi@engelvoelkers.com
Greatest Royal Rumble match listing
50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt
Casket match The Undertaker v Rusev
Singles match John Cena v Triple H
Cruiserweight Championship Cedric Alexander v Kalisto
Recent winners
2002 Giselle Khoury (Colombia)
2004 Nathalie Nasralla (France)
2005 Catherine Abboud (Oceania)
2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
Results:
CSIL 2-star 145cm One Round with Jump-Off
1. Alice Debany Clero (USA) on Amareusa S 38.83 seconds
2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E660hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C100Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488km-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh850%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOctober%3C%2Fp%3E%0A
Brief scoreline:
Crystal Palace 2
Milivojevic 76' (pen), Van Aanholt 88'
Huddersfield Town 0
Brolliology: A History of the Umbrella in Life and Literature
By Marion Rankine
Melville House
RESULTS
6.30pm: Maiden Dh165,000 (Dirt) 1,200
Winner: Miqyaas, Adrie de Vries (jockey), Rashed Bouresly (trainer).
7.05pm: Handicap Dh165,000 (D) 1,600m
Winner: Untold Secret, Xavier Ziani, Salem bin Ghadayer.
7.40pm: Maiden Dh165,000 (D) 1,600m
Winner: Shanty Star, Fabrice Veron, Rashed Bouresly.
8.15pm: Handicap Dh190,000 (D) 1,600m
Winner: Alkaamel, Antonio Fresu, Musabah Al Muhairi.
8.50pm: Handicap Dh175,000 (D) 1,400m
Winner: Speedy Move, Richard Mullen, Satish Seemar.
9.25pm: Handicap Dh175,000 (D) 2,000m
Winner: Quartier Francois, Fernando Jara, Ali Rashid Al Raihe.
Virtuzone GCC Sixes
Date and venue Friday and Saturday, ICC Academy, Dubai Sports City
Time Matches start at 9am
Groups
A Blighty Ducks, Darjeeling Colts, Darjeeling Social, Dubai Wombats; B Darjeeling Veterans, Kuwait Casuals, Loose Cannons, Savannah Lions; C Awali Taverners, Darjeeling, Dromedary, Darjeeling Good Eggs
The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press
The%20Roundup
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SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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The five pillars of Islam
Sour%20Grapes
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
