Property experts said that the landlords are not authorised to evict a tenant over a bounced rental cheque. (Image Credit: Shutterstock)

OMAN: Rise in number of bounced cheques as Oman economy slows down

Muscat: Bounced cheques are increasing across Oman as residents facing pay freezes struggle to make ends meet.

The economic downturn in Oman has led to lay-offs, delays in salary payments and a freeze on housing, flights allowances and expenses.

Those residents who have chosen to remain in the Sultanate hope they can weather the storm, but some employees are reporting non-payment of salaries for more than three months, leaving landlords with piles of rent cheques they cannot bank.

In some cases, agencies and landlords are demanding a OMR10 fee to hold a cheque for a month without banking it...Read more...

Source: timesofoman.com