Banks can now terminate a Property Management Agreement (PMA) with a possessory mortgage between the bank and owner through DARI's Terminate Property Management Agreement service. Banks can terminate a PMA with a possessory mortgage between the bank and owner by following these steps:

  1. Login to DARI dari-login
  2. Go to the Services menu on the homepage. 
  3. Select Lease from the services list.   
  4. Choose Terminate 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 (owner), the second party (bank), possessory mortgage details, PMA details, appendices (if any), and documents (if any) and click Initiate application.
  7. Note: You can initiate the application by clicking Contracts and PMA. Select the contract and click Terminate to initiate the application.
  8. Next, you can upload any required documents. Now, click Next.
  9. A new screen will display the application details, such as the details of the property, the first party (owner), the second party (bank), the possessory mortgage, the PMA, the documents, and the appendices. Review the details and click Submit Termination.
  10. On the next screen, confirm the termination by clicking Terminate.
  11. A message will appear to confirm that the application to terminate the Property Management Agreement has been forwarded to the designated parties for approval based on the initiator:  
    • Bank employee: the application will be forwarded to the bank signatory to accept, return, or reject it.
    • Bank signatory: the application will be approved instantly.
  12. A new Task will be sent to the bank signatory to complete the application to Terminate Property Management Agreement. The bank signatory can complete the application by following these steps:
    • Click on the application task. 
    • On the next screen, review the application to accept, return, or reject it.  
    • Once the application is approved, a new screen will confirm that the Property Management Agreement has been terminated successfully. 

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

   

Here you will find a video tutorial to help you initiate the service:


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