Real estate
Rent invoices, payment status per tenant and the right tax treatment for each property.
A landlord or agent manages leases with different rents, due dates and tax treatment. Fatooraz helps you issue each tenant’s invoice in the same format, follow part-payments and the status of each invoice, and bill commissions and fees on their own invoices, with VAT reports that separate what carries 15% from what does not.
Problems we see in this industry
Recurring rent invoices raised by hand
Each tenant has a rent amount, a due date and a VAT treatment. Typing invoices every period from a spreadsheet is slow, and a missed or duplicated invoice only surfaces when the tenant objects.
Rent that arrives in instalments and late
Tenants pay in parts, at different times and by different methods. Without an up-to-date list of open invoices for each tenant, an owner cannot say who is up to date, who is behind and by how much.
Different VAT treatment across properties
Commercial leases normally carry 15% VAT while residential rent is treated differently. Applying the wrong treatment across a mixed portfolio creates reporting errors that are hard to untangle afterward.
Commissions and service fees that need proper invoices
Commissions, management fees and maintenance charges are separate supplies billed to owners and tenants. Without invoices that identify each one, disputes over what was charged and when become common.
How Fatooraz helps
Rent invoices in the same format every time
Issue each tenant’s invoice with the same layout, the right amount, due date and tax treatment, and handle adjustments with credit notes instead of changing what has already gone to the tenant.
InvoicingTenant payment status and part-payments
Record every part-payment as soon as it arrives, follow the status of each invoice and filter the open invoices by tenant. You see at any moment who is current, who is behind and how much remains, without going back to a spreadsheet.
Billing and paymentsThe right VAT treatment on every line
Commercial rents and fees carry 15% VAT, while exempt or zero-rated lines get their own treatment, so the VAT report separates them without any hand-compiling.
VAT complianceE-invoices for leases and fees
Commercial rent and fee invoices to companies are standard tax invoices cleared through the Fatoora platform; those to individuals are simplified, with a QR code. Fatooraz supports both flows and walks you through ZATCA onboarding.
ZATCA e-invoicing (Fatoora)E-invoicing for this industry
Commercial lease and service-fee invoices to companies are standard tax invoices, cleared through ZATCA once Phase 2 applies to you, while invoices to individuals are simplified. Adjustments are credit notes. Confirm with your accountant which of your supplies require an e-invoice, and follow ZATCA announcements for your wave.
Numbers owners keep an eye on
- Rent invoiced versus collected
- Overdue balance by tenant
- Commissions and fees invoiced
- VAT collected on commercial leases
Frequently asked questions
Is VAT charged on rent?
It depends on the property. Commercial leases are generally subject to 15% VAT, while residential rent has a different treatment, so set the correct tax on each invoice line and confirm your position with a tax adviser or ZATCA guidance.
How do I track a tenant who pays rent in instalments?
Record each payment against the invoice as it arrives, and its status moves from unpaid to partly paid to paid. The open-invoices list, filtered by tenant, shows what remains, so you have the answer ready whenever a question comes up.
Which invoice do I give a guest in a short-term rental?
If you are VAT-registered and charge VAT, an individual guest receives a simplified tax invoice with a QR code, and a company booking on their behalf receives a standard tax invoice with its details. Any change is made with a credit note, not by altering the issued invoice.
Start with a workspace of your own
Try invoicing, e-invoicing and the point of sale for 90 days. No credit card, no commitment.