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Properties Services - FAQ |
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1. |
How can the insurance amount be collected? |
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After a bidding for 6 working days, according to financial procedures |
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2. |
Is it possible to put the amount of insurances in one cash bond? |
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Yes. |
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3. |
Does it treat the application of the commercial shops related to the bidding (i.e. in the event of an application submitted by many shops), as one application? |
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No, each shop has its own procedures and requirements |
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4. |
What are the fines which could result from a delay in the renewal of the rent agreement? |
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AED 510 for the housing contract and AED 110 for the commercial contract |
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5. |
Is there any special sum in the event of loss of a document issued by the foundation to the customer? And what is the value of this sum? |
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Yes, there are fees. |
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6. |
How are the insurances collected? |
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In cash. |
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