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This service allows applying to amend a Lease To Own Contract of all types (amendment of a Lease To Own Contract/ amendment of a provisional lease contract/ amendment of a usufruct right Lease To Own Contract / amendment of a provisional registration Lease To Own Contract) between a lessee (tenant) and a financing entity.

Lease-To-Own amendment e-form

Individuals
1- A lease letter from the bank indicating the lease amount and the start and expiry dates
2- UAE ID of the owner (for identification proof only, no copy shall be submitted) or a copy of a valid passport for non-resident foreigners
3- A legal power of attorney in case of a representative

Individual (One person) establishment
1- A copy of the trade license
2- UAE ID (for identification proof only, no copy shall be submitted) or a copy of a valid passport for non-resident foreigners
3- A legal power of attorney in case of a representative

Limited liability company
1- trade license + parties and lineage page (original and copy)
2- A certificate of job title
3- Memorandum of Association (annexes, if any) (original and copy attested by the Ministry of Foreign Affairs to be translated into Arabic language)
4- A legal power of attorney in case of a representative, or a duly notarized board of directors resolution

None

If the amendment for the amount, the fees will be charged as follow: 0.25% of the increase amount of the mortgage
If the amendment for the term, a fee of AED 1,000 will be charged
10 AED knowledge fee for each drawing
10 AED innovation fee for each drawing

Service partners fees:
An amount of AED 2,000 in case of an increase of the mortgage amount + the VAT charged to the service partners’ fees
An amount of AED 300 in case of amending the mortgage period + the VAT charged to the service partners’ fees

Via a service center
Step I: A customer will move to a service center - Real Estate Registration Trustee centers
Step II: A customer submits the required documents to an employee as no document deficiency will be confirmed (all required documents are uploaded via the digital safe)
Step III: The transaction details will be entered into the system by an employee and shall be audited
Step IV: A customer will pay the fees and receive a payment receipt
Step V: The outputs are delivered to the customer via e-mail