Request for Transfer of Finance Lease Contract

Description

This service allows customers to apply to transfer a finance lease with the bank.


Service Form

Transfer of Finance Lease Contract Form


Required Documents

1- Original title deed
2- NOC letter from the former financer on the transfer of the finance lease
3- Letter from the new financer on the registration of the finance lease, stating the start and end dates and the lease amount
4- Emirates ID card of the owner (For identification only, no photo is taken)

Companies
If the company is not previously registered, it must be registered by applying for the registration of a company


Service Terms

Not Applicable


Service Fees

0.25% of the finance value
AED 250 title deed issuance fee
AED 100 land map issuance fees (AED 250 if a villa or apartment)
AED 10 Knowledge fees added to each fee
AED 10 Innovation fees added to each fee


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



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

25-30 Minutes

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