2 Days
Source:
القدس
Lease Approvals Begin Sunday
The Land Authority will begin processing real estate financial-leasing transactions next Sunday at all land registration offices, under instructions intended to regulate the registration and documentation of contracts and protect the rights of the parties involved. The procedures include transferring the property from the supplier to the lessor and registering it in the lessor’s name, with a notation indicating the financial lease. Once the contract has expired and all obligations have been met, ownership is then transferred to the lessee and a new title deed is issued. The transaction requires the original registration deed, the registered contract, clearance certificates, and the parties’ documents. The instructions exempt the final transfer of ownership from fees, provided it is carried out under a contract that has been legally registered.
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