Masterpiece Social

Munzir Amin

Plan the overlap between two leases

Moving from one rental to another inside Abu Dhabi sounds simple until the dates are written down. The old lease rarely ends on the day the new one starts. An overlap of a few weeks means paying two rents at once, while a gap means storing furniture and finding somewhere to stay. Settle the dates before you sign the second lease. Start with your current contract: how much notice must you give, and what does it say about leaving before the end date? Then ask the new landlord whether the start date can move to fit. Say you are leaving Al Raha for Yas Island at the end of March: a start date a few days earlier gives time to move without paying for weeks you do not need. Prepared by Masterpiece Property.

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Read the early settlement terms of your mortgage

Plans change over the years of a mortgage. You may want to sell, receive a bonus you would like to put towards the loan, or move to another bank. How easily you can do any of this depends on the early settlement terms in your mortgage offer, which are easy to skim past when the focus is on the rate and the monthly instalment. Before you accept an offer, ask the bank to explain partial and full early settlement: how much notice is required, whether any costs apply and how a partial payment changes the instalment or the term. Write the answers beside each

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