You can now register a Property Management Agreement with a possessory mortgage between the bank and owner through DARI's Register Property Management Agreement service. Only banks can register a Property Management Agreement with a possessory mortgage between the bank and owner by following these steps:
- Login to DARI
- Go to the Services menu on the homepage.
- Select Lease from the services list.
- Choose Register Property Management Agreement from the submenu and click on Initiate Service.
- A new screen will display different types of PMAs, such as freehold PMA, PMC, and bank with possessory mortgage. Select the Property Management Agreement (PMA) type bank with possessory mortgage and click on Next.
- Choose the agreement parties. Select Bank and owner and click on Proceed.
- Choose the property, unit, or building and click on Add Selected. You can also add new properties by clicking on Add Properties.
- A new screen will display the selected properties. Review the details and click on Next.
- On the next screen, the details of parties and possessory mortgage will be displayed. Review the details and click on Next.
- Assign permissions, enter the agreement details, such as start date, end date, and amount, and click on Next.
- Add any appendices (if any) in both Arabic and English, upload any required documents, and click on Next.
- A new screen will display the application details, such as the details of the property, parties, and possessory mortgage. Review all the details and click on Submit Application.
- A message will appear confirming that the application to register a Property Management Agreement has been sent successfully. The application will be forwarded to the bank signatory for approval.
- Once approved, the initiator will be notified to proceed with the payment.
- On the payment task, review the application and payment details and click on Proceed to Payment.
- On the next screen, click on Pay Now.
- A message will appear to confirm that a payment has been made and the Property Management Agreement has been issued successfully.
- You can now download the Property Mortgage Agreement and payment receipt.
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