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1. Payment Methods & Processing

Accepted payment methods and processing procedures

Accepted Payment Methods

Blue Sky Property accepts the following payment methods for rent collection. Always provide official receipts for all payments received.

🏦

Bank Transfer

Direct transfer to company account. Include unit reference.

1-2 business days
📝

Post-Dated Cheques

Standard method for annual contracts. Up to 12 cheques.

Same day deposit
💳

Credit/Debit Card

Via payment link or in-office. 2.5% processing fee applies.

Instant
📱

Online Portal

Tenant portal for recurring payments. Card or bank transfer.

Instant to 2 days
💵

Cash Payment

In-office only. Maximum AED 10,000 per transaction.

Instant receipt
🏢

Manager's Cheque

For large payments or security deposits. Bank verified.

Same day

Payment Processing Workflow

Follow these steps for all rent payments received:

1

Receive Payment

Verify amount, tenant name, and property reference. Check cheque details match contract.

2

Log in System

Enter payment in property management system. Attach scanned copy of cheque/transfer.

3

Issue Receipt

Generate official receipt. Email copy to tenant. File original in property folder.

4

Bank Deposit

Deposit cheques within 24 hours. Record deposit slip reference in system.

Bank Account Details

Company bank account for rent payments:

Bank Name Emirates NBD
Account Name Blue Sky Property Management LLC
Account Number XXXX XXXX XXXX XXXX
IBAN AE XX XXXX XXXX XXXX XXXX XXX
SWIFT Code EABORAEXXX
📋 Payment Reference Format

Instruct tenants to include reference: [Property Code]-[Unit Number]-[Tenant Name]
Example: TUR-2201-AHMED for Turquoise Tower Unit 2201, tenant Ahmed.

Post-Dated Cheque Management

Most tenancies in UAE use post-dated cheques. Handle carefully:

📝 Cheque Collection Checklist
  • Verify cheque date matches payment schedule in contract
  • Confirm amount matches agreed rent (including any increases)
  • Check cheque is signed and account details are correct
  • Photocopy both sides of each cheque before filing
  • Store in secure, fireproof cabinet sorted by deposit date
  • Enter all cheque details in system (number, bank, date, amount)
  • Set system reminder 5 days before each cheque date
  • Return cancelled cheques to tenant upon lease termination
⚠️ Cheque Security

Post-dated cheques are negotiable instruments. Never leave cheques unattended. Report any lost or stolen cheques immediately to Finance Manager and bank.

2. Late Payment Procedures

Handling overdue rent and bounced cheques

Grace Period Policy

Standard grace periods before late fees apply:

Payment Type Due Date Grace Period Late Fee
Monthly Rent (cheque) 1st of month 3 business days 5% of monthly rent
Monthly Rent (transfer) 1st of month 5 business days 5% of monthly rent
Quarterly Payment As per contract 5 business days 5% of quarterly amount
Service Charges Upon invoice 14 days 2% per month

Bounced Cheque Procedure

When a rent cheque is returned unpaid by the bank:

Day 0
Bank Notification
Receive bounced cheque notification from bank. Log incident in system immediately.
Day 1
Contact Tenant
Call tenant to inform of bounced cheque. Request immediate replacement or bank transfer.
Day 1
Written Notice
Send formal email and SMS. Include bounced cheque fee (AED 200-500) and new payment deadline.
Day 3
Follow-Up
If no response, second call and escalate to supervisor. Send registered letter.
Day 7
Legal Warning
Issue formal legal notice. Bounced cheques are criminal offense in UAE.
🚨 UAE Law on Bounced Cheques

Under UAE law, issuing a bounced cheque is a criminal offense. Inform tenants that continued non-payment may result in police case filing. This often motivates immediate payment.

Late Payment Communication Templates

📧 First Late Payment Reminder (Day 4)
Dear [Tenant Name],

This is a friendly reminder that your rent payment of AED [Amount] for [Property/Unit] was due on [Due Date].

As of today, we have not received your payment. Please arrange payment within the next 48 hours to avoid late fees.

If you have already made payment, please disregard this notice and share the transfer reference.

Payment can be made via bank transfer to:
Account: Blue Sky Property Management LLC
IBAN: [IBAN]
Reference: [Unit Reference]

For any questions, please contact our office.

Best regards,
Blue Sky Property Management
📧 Final Notice Before Late Fee (Day 7)
Dear [Tenant Name],

URGENT: Rent Payment Overdue

Despite our previous reminder, your rent payment of AED [Amount] remains outstanding. The payment is now [X] days overdue.

Please note that as per your tenancy agreement, a late payment fee of 5% (AED [Fee Amount]) will be applied if payment is not received by [Final Deadline].

Total amount now due: AED [Total with Fee]

Failure to pay may result in further action including legal proceedings. Please contact us immediately if you are experiencing financial difficulties.

Regards,
Blue Sky Property Management
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3. Arrears Follow-Up Timeline

Escalation process for outstanding rent

Escalation Levels

Arrears management follows a structured escalation process based on days overdue:

Level 1
1-7
Days Overdue
Friendly reminders
Phone + Email
Level 2
8-14
Days Overdue
Formal notice
Late fee applied
Level 3
15-30
Days Overdue
Legal warning
Landlord notified
Level 4
30+
Days Overdue
Legal action
Eviction process

Detailed Follow-Up Timeline

Specific actions required at each stage of arrears:

Day 1-3
Soft Reminder
SMS and email reminder. Assume oversight. Friendly tone. "Just a reminder that payment was due on..."
Day 4-5
Phone Call
Personal call to tenant. Understand if there's an issue. Offer payment plan if genuine hardship.
Day 6-7
Final Friendly Notice
Written notice that grace period ending. Late fee will apply from Day 8. Request immediate payment.
Day 8
Late Fee Applied
Apply 5% late fee. Update system. Send formal notice of fee and updated amount due.
Day 10
Registered Letter
Send demand letter via registered mail. Keep proof of delivery. Formal legal tone.
Day 14
Landlord Notification
Inform property owner of arrears situation. Discuss preferred course of action.
Day 15
Legal Notice Preparation
Prepare formal legal notice. Review with legal team. Final opportunity for tenant.
Day 21
Legal Notice Served
Serve 30-day eviction notice via notary public or legal representative.
Day 30+
Legal Action Initiated
File case with RDC (Dubai) or ADRSC (Abu Dhabi). Begin formal eviction process.

Payment Plan Guidelines

When tenant requests payment arrangement due to temporary hardship:

✓ Payment Plan Eligibility
  • Tenant has good payment history (first-time late)
  • Genuine hardship (job loss, medical, documented reason)
  • Tenant proactively communicates before deadline
  • Maximum arrears: 2 months rent
  • Landlord approval obtained
📝 Payment Plan Terms

Standard payment plan: Clear arrears within 3 months maximum. Require post-dated cheques for plan. Current rent must be paid on time. Any default cancels the plan and triggers immediate legal action.

Arrears Report

Generate weekly arrears report with the following information:

Report Field Details Required
Property / Unit Full address and unit number
Tenant Name As per contract
Outstanding Amount Principal + late fees
Days Overdue From original due date
Escalation Level 1-4 based on timeline
Last Contact Date and method
Next Action Scheduled follow-up
Notes Any special circumstances