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This service allows customers to register a request for the amendment of a tenancy contract ending with acquisition of title (rent-to-own, initial, and usufruct) between the tenant and the financier.

Amendment of Tenancy Contract Ending with Acquisition of Title Form

Individuals
1- Letter of tenancy from the bank stating the tenancy amount and start and end dates
2- Emirates ID card of the owner or copy of valid passport if non-resident
3- Power of Attorney in case they are appointing someone on their behalf

Sole Proprietorship
1- Copy of the Commercial License
2 - Emirates ID Card (For identification only, no photo is taken) or valid passport copy for Non-residents
3- Power of Attorney if appointing someone on their behalf

Limited Liability Company (LLC)
1- Trade license + Page of partners and equities (original and copy)
2- Certificate of Incumbency
3- Establishment contract (appendices if any) (original and certified copy from the Ministry of Foreign Affairs and translated in Arabic)
4- A legal agency in the event of a representative, or a legally certified board of directors decision.

Not Applicable

0.25% of the fees shall be calculated from the value of increase in the mortgage amount
Fees for amendments to the mortgage period: AED 1,000
AED 250 Title Deed issuance fee
AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee

Service Partners Fees:
AED 2,000 in case of an increase in the mortgage amount +VAT on Service Partners fees
AED 300 in case of an amendment to the mortgage period +VAT on Service Partners fees