Registering a lease finance contract (such as Islamic Ijarah) in the name of the financer carries a specific registration fee. The Land Department collects 0.25% of the total value of the Real Property for this service. This fee applies to the offic…
Registering a lease finance contract (such as Islamic Ijarah) in the name of the financer carries a specific registration fee. The Land Department collects 0.25% of the total value of the Real Property for this service. This fee applies to the official recording of the financer�s interest in the Real Property Register. Proper registration is essential to protect the rights of the bank or financing institution while the tenant fulfills their payments toward eventual ownership.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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