Request for Termination of Finance Lease Contract
Request for Termination of Finance Lease Contract

Description

This service allows customers to terminate a finance lease.


Service Form

Termination of Finance Lease Contract Form


Required Documents

1- Original title deed
2- NOC letter from the bank to terminate the finance lease
3- Emirates ID card of the owner ( For identification only, no photo is taken)


Service Terms

Not Applicable


Service Fees

AED 1,000 lease termination fee
AED 250 title deed issuance fee
AED 100 land map issuance fee (AED 250 if a villa or apartment)
AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee

Registration Trustee fees: AED 300


Service Procedures

Via the service center
Step 1: The customer goes to one of the Real Estate Registration Trustee offices
Step 2: the customer submits the required documents to the employee and makes sure that they are complete
Step 3: the transaction data is entered into the system by the employee and is verified
Step 4: The customer pays the fees and receives a receipt for payment
Step 5: the output is delivered to the customer

Remotely
Step 1: send documents by e-mail to the registration trustee office
Step 2: review the request and ensure that the documents are complete
Step 3: the transaction data is entered into the system and a recorded video call is made to confirm the service and verify the parties
Step 4: The payment link is sent by the employee
Step 5: The outputs are checked and sent to the customer.



Payment Method

Cheque to Dubai Land Department
ePay



Service Channels

Real Estate Registration Trustees offices (outside)



Issued Documents

Title Deed
Fee Balances
Map



Service Time

15-20 Minutes