It’s time we consider bouncing cheques from the UAE’s financial system for good – The National

It’s time we consider bouncing cheques from the UAE’s financial system for good – The National

Every year my landlord invites me to his office to discuss the rent renewal for the property we lease from him.

The conversation, usually accompanied by coffee, tends to follow a similar path: we have a general catch up about any outstanding maintenance issues at the property and then seek to find agreement on a renewal figure. We’ve been his tenants for a few years now, so thankfully, we are usually able to shake hands on a deal fairly quickly.

But the one point of disagreement we always have is over the method of payment.