Now you can pay your rent through direct debit instead of cheques

A new system is now in effect in Dubai that scraps the need for rent cheques in favor of a direct debit system for tenants and landlords. The system comes after a recent landmark agreement between Dubai Land Department and Emirates NBD bank. Under the agreement, rental cheque payments are automated using the UAE Central Bank’s Direct Debit System (UAEDDS). The new system is not mandatory. Landlords can now get a one-time direct debit mandate signed by tenants, allowing banks to debit the rental from the tenant’s bank account or credit card. Previously, landlords required tenants to give post-dated cheques as guarantee when leasing a property for a year. To avail of the direct debit service, the landlord will need to register with any bank offering the UAEDDS service. Tenants can have accounts or credit cards with any bank in UAE. The Dubai Land Department explained that the system is not mandatory but offers a “seamless digital alternative to tenants for making rental payments using their bank account”. ICA/Expat Media
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