Banks can now renew a Property Management Agreement (PMA) with a possessory mortgage between the bank and owner through DARI's Renew Property Management Agreement service. Banks can renew a PMA with a possessory mortgage between the bank and owner 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 (owner), the second party (bank), 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 (owner), the second party (bank), the                          possessory mortgage details, and the PMA 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.

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

        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.

        11. 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.

        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: 

        13. 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.  

        14. Once the application is approved, the initiator will be notified to proceed with the payment.

        15. On the payment task, review the application and payment details and click Proceed to Payment.

        16. On the next screen, choose the payment method, either via DARI Wallet or Debit/Credit Card, and click Pay Now.

        17. 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.