Terminate Property Management Agreement

Description

Banks or Property Management
Companies (PMC) can initiate this service on DARI to terminate the Property Management Agreement with a possessory mortgage between the bank and owner or PMC.

Required Documents

• N/A

Business rules

• Banks can initiate this service.
• Property Management Companies (PMC) can initiate this service if granted permission.
• The bank, property, and PMC should not have any blocks.
• Active or expired contracts can be terminated.
• The property must be enrolled in Tawtheeq.
• The property should be ready, not off-plan.

Service Fees

Free of charge

Application journey

• Start the application through the available channels.
• Select the contract.
• Submit the application.
• The application will be forwarded to the designated party for approval.

Payment methods

• N/A

Service channels

• Dari Website
• Dari APP
• ADREC at Your Place
• ADREC Trustee Office

Service Output

• N/A