Request for Transfer of Tenancy Contract Ending with Acquisition of Title
Request for Transfer of Tenancy Contract Ending with Acquisition of Title

Description

This service allows customers to register a request for the transfer of a tenancy contract ending with acquisition of title (rent-to-own, initial, and usufruct) between the owner and the new financing entity.


Service Form

Transfer of Tenancy Contract Ending with Acquisition of Title Form


Required Documents

Individuals
1- Original Title Deed, Original Title deed of Usufruct, initial registration contract, Deferred Sale Contract or Initial Contract
2- NOC letter from the previous bank registering the transfer of tenancy
3- Letter from the new bank stating the amount of tenancy and the start and end dates
4- Emirates ID card of the owner (For identification only, no photo is taken)/ copy of valid passport if non-resident

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.


Service Terms

Not Applicable


Service Fees

0.25% of the tenancy value
AED 250 title deed issuance fee
AED 100 fee for issuance of the land map (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 4,000


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

30-35 Minutes