23

Jul
2020

How to Renegotiate a Commercial Lease ?

How to Renegotiate a Commercial Lease ?

  Here are some tips on how to contact your Landlord about renegotiating the contract. Make sure to promptly approach your property owner with trust, expertise, backup plan, and an honest wish to meet on a halfway path. Say something early: Speak now when it comes to the end of your leased or when a business doesn't go well. Don't suddenly apply for an unsuspecting landlord to have a reduction. You must leave time, if necessary, for a second renegotiation, and you surely won't seem unprepared. Call on the phone instead of emailing: The most promising start to talks that satisfy everyone's needs is the informal meetings, shaking hands, and exchanging of documents. But if it's not feasible, go for a telephone conversation instead of an email. Each group is therefore assigned to the mission and listens to one another. There is also always the opportunity to ignore or miss an email. Have the right attitude: Whatever medium you use to connect with your property owner, make sure to function trustingly and professionally. I hope you have a good relationship with your property owner already. This is your occasion to remind him or herself that you are a valuable tenant who tries to find the best option for each party. Do your research and know what to ask for: Many tenants go to renegotiations without understanding what they want or need. Don't come up with vague questions such as, "What do you have to help?” Or "How much can you give me the rental discount?” "Decide if you want a permanent or temporary cut, a discount, permission to deduct from space, or something else. Have all the documentation ready.  What to include in your proposal: The reasoning behind your request should be explained. When market research shows that tenants who lease similar properties get better rates, the figures show. If your company simply cannot achieve ends, for now, prove that. Include the financial statements of the previous year, the current financial statements, a clear proposal, and your business strategy to produce more revenue and pay more for rent in the future, if appropriate. What to do if the answer is “no”: You have to be prepared with the backup package if the answer is "no." After all, this is a negotiation, so it may take many attempts to reach an agreement. If your arrangement is complicated, you could be looking for help from a tenant broker outside of your business. Better still, before even the renegotiation process start, you may want to ask for insight.  However, if you would prefer to take your renegotiation handled for you, Qatar Office Space can help you handle it perfectly.


02

Jul
2020

GTA launches new tax portal; companies required to register on ‘Dhareeba’ in Qatar 

GTA launches new tax portal; companies required to register on ‘Dhareeba’ in Qatar 

The General Tax Authority (GTA) has launched the first phase of the new online tax paying system called, “Dhareeba”. All companies are required to register on the new portal starting July 1 and complete the registration process in a period of 90 days. Taxpayers who register on the portal before September 30 will be exempted from the existing penalties related to previous registration and issuance of tax card.  “Dhareeba is built on SAP international business management platform, which is the latest in intelligent technologies that accelerates transformation of data into business value and it will serve as a vital link between GTA and its partners, government bodies and taxpayers. “This system promises to simplify the process of filing tax returns for the companies in a fast, accurate and transparent way,” the GTA said yesterday. The launch of Dhareeba is in line with the Qatar Digital Government’s 2020 strategy, which helps to facilitate all tax procedures while meeting Qatar’s future requirements to establish a link between all tax-related entities in accordance with the latest international standards, systems and expertise in this respect.  The new tax portal provides the GTA with digital channels to serve all its partners such as the Government, tax agents, and the taxpayers. It has been designed to manage, calculate and review various types of taxes to help taxpayers identify the procedures related to their transactions and receive notifications on the progress of their operations.  All tax paying companies are required to register on Dhareeba website from July 1 as the registration on the old system will soon be discontinued. For more details can contact tax.support@gta.gov.qa or dial 16565. The website address is www.Dhareeba.gov.qa     Source: Gulf time (01/07/2020)



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