Banks or Property Management Companies (PMC) can now renew a Property Management Agreement (PMA) with a possessory mortgage between the bank and PMC through DARI's Renew Property Management Agreement service. A bank or PMC can renew a PMA with a possessory mortgage between the bank and PMC by following these steps:

1. Login to DARI  
2. Go to the Services menu on the homepage. 
3. Select Lease from the services list.   
4. Choose Renew Property Management Agreement from the submenu and click Initiate Service.
5. On the next screen, search for the (PMA) contract through the filters tab using the contract ID. Select the contract and click Proceed.
6. A new screen will display the PMA contract details. Review the property details, the first party (bank), the second party (PMC), possessory mortgage details, PMA details, appendices (if any), and documents (if any), and click Initiate application.

Note: You can initiate the application by clicking Contracts and PMA. Select the contract and click Renew to                     initiate the application.

        7. On the next screen, the properties will be displayed. Review the selected properties and click Next.

Note: You cannot edit, remove, or add properties. 

        8. A new screen will display the PMA contract details, such as the first party (bank), the second party (PMC),                 and the possessory mortgage details. Review the details and click Next.

        9. Now, assign the permissions to the first or second party. Next, enter the agreement end date. Enter the                     agreement amount as a percentage or in AED and click Next.

       10. Next, you can upload any appendices in both Arabic and English. You can also edit or delete the existing                 appendices and upload any documents. Now, click Next.

Note: The PMA contract duration should align with the duration of the possessory mortgage.    

       11. A new screen will display the application details, such as the details of the property, the first party (bank),                 the second party (PMC), the possessory mortgage, the PMA, the documents, and the appendices. Review                the details and click Submit.

       12. A message will appear to confirm that the application to renew the Property Management Agreement has                 been forwarded to the designated parties for approval based on the initiator: 

1. Bank employee: the application will be forwarded to the bank signatory to accept, return, or reject it. Then, the application will be forwarded to the PMC signatory to accept, return, or reject it.
2. Bank signatory: the application will be forwarded to the PMC signatory to accept, return, or reject it.
3. PMC employee: the application will be forwarded to the PMC signatory to accept, return, or reject it. Then, the application will be forwarded to the bank signatory to accept, return, or reject it.
4. PMC signatory: the application will be forwarded to the bank signatory to accept, return, or reject it.

• Once the application is approved, the bank or PMC will be notified to proceed with the payment.
• On the payment task, review the application and payment details and click Proceed to Payment
• On the next screen, choose the payment method, either via DARI Wallet or Debit/Credit Card, and click Pay Now.
• A message will appear to confirm that a payment has been made and the Property Management Agreement has been renewed successfully. You can now download the contract and payment receipt.

Note: DARI admins can initiate the application in case the initiator is unable to do so.