Tuesday , October 17 2017

Tag Archives: rent

Souk Mubarakiya to hike rents of shops … not raised for 20 yrs – Temporary slaughterhouses eyed in all co-ops for Eid

KUWAIT CITY, Aug 5: Manager of Souk Mubarakiya Abdulaziz Al-Masoud revealed that the management of the souk is planning to increase the rents of the shops in the souk especially since they have not been increased for 20 years, reports Al- Qabas daily. He indicated that the rents of some …

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‘Rents may go down by 25 percent by end of this year’ – Disciplinary authority holds 1st session to tackle finance offenses

KUWAIT CITY, June 26: There are indications that the rents of investment apartments will reduce by 25 percent before the end of this year due to several factors including the slump in the real estate sector during the summer season, reports Al-Shahed daily quoting sources from the real-estate sector. They …

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Rental agreement

I am not only an Arab Times reader but have also been an annual subscriber for over a decade. I am trying to shift to a bigger house and have been told that the rent agreement shall be for 5 years and during these 5 years the house owner cannot …

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House rent gone down by 5-10 pct in some areas: expert – Size, location of buildings determine rent rate

KUWAIT CITY, April 1: Real estate expert Suleiman Al-Dulaijan disclosed that house rent in Kuwait in general has gone down by 5-10 percent, subsequent to 30 percent reduction in rent fees at some residential areas last year, while many areas like Abu Fatira and Mahboula witnessed minor increase in that …

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Rent not collected by Haris – Now we have received court notice

I have been residing in a flat for the past 16 years starting Sept 5, 2000, and have been paying my rent on time. The attached rental agreement is dated 01/02/2012 and runs for five years until January 2017. According to the contract, I am required to pay the monthly …

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Flat rent increased but amount on contract much higher

As an expat I appreciate your free legal advice column in the newspaper. Today I have the following question: My concern is about our flat rent. We’ve been staying in the same flat for almost 16 years now. Recently the administrator informed us that the rent will be increased from …

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Proposal soon to determine ‘rents’ according to per square meter: sources

KUWAIT CITY, March 21: The real estate sector at the Ministry of Commerce and Industry has formed a committee to review the Leases Act and accordingly amend some of the old provisions to bring them in line with the current situation at a time when rents have risen unchecked without …

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Haris asks for money

It is very difficult to understand the current situation in Kuwait as the house rents are going higher and higher. Here a person earning a salary of KD 500 needs to spend 50 percent of his earnings on rent. And everything else needs to be adjusted within the balance (this …

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Five real estate agents said to be controlling rent: report – 122 others drowned in debts

KUWAIT CITY, March 12: Five real estate agents are said to be controlling rent through 18 affiliated offices, reports Al-Shahed daily. The daily quoting reliable sources explained the agents often issue unrealistic reports that do not reflect the true status of the country’s real estate sector. They noted those five …

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Govt to increase rent of ‘industrial plots’ April 1 – ‘Step in the right direction’

KUWAIT CITY, Feb 21: Budget and Concluding Statement Committee of the National Assembly stated the government’s intention to increase the value of plots rented for industrial, service and handicraft, starting from April 1. The decision is a step in the right direction, as part of measures to increase the state’s …

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