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This service allows applying for approval to change the data of the private bank Account Trustee of the joint property

None

1- Approval by the Owners Association to change the Escrow Account Trustee and the bank account number of the joint ownership property
2- A copy of the letter of the owners of real estate units in the joint property wishing to open a new account with the (concerned bank) and providing them with information on the last date for receiving payments and amounts to the old account and their details.
3- No objection e-letter from the old escrow Account Trustee via the system
4- No objection e-letter from the new escrow Account Trustee via the system

1 - The old escrow account will not be closed until obtaining approval from RERA
2- The old Account Trustee shall transfer the available balance of the account to the new bank account in addition to all documents and records related to the account (for example: The approved budget, the expenditures, etc.).
3- The new Account Trustee shall provide the new bank account data through the Mollak system

Free service

Via the online system
Step I: Signing up and creating an account on Mollak system (if the customer signs up for the first time) or log in and selecting the service
Step II: Filling in the details, attaching the required documents, and sending the application on-line
Step III: Auditing the application and sending a notice of acceptance or rejection of the application via the system
Step IV: Receiving a notice of approval via e-mail
Step V: Viewing the data on the Land Department's website (Mollak system)