Task:                     

[07.036-ADGM] - CORP SUPPORT # APPLICATION TO REGISTER A TERMINATION OF A LEASE

Purpose:             

If the lease agreement is terminated, a document evidencing the termination of the lease agreement can be filed with the RA. Upon approval of this application, the ADGM RA provides an email confirmation that the lease is terminated, and the status appears on the public register accordingly.

Legal Entities:    

This applies to registered leases only

Questions:         

1) Do we have access to the client’s lease on our portal?

                                If not, we need to request this from the ORS Team at the ADGM RA.

2) Is a document evidencing the termination of the lease agreement available?

This must be attached as a supporting document.


Pay Attention:   

1)      Note that leases in Al Reem Island must be registered and variations filed via a different process, not on the ADGM RA portal.

2)      There is a different application available for surrender and variation of a lease.


Submission:       

Online via the ADGM RA portal https://newreg.adgm.com/
Use the Application Form “Application to Register a Termination of Lease”


Timeline:             

As soon as practicable, no prescribed timeframe

Timeframe:        

KOUNTED 2-3 working days including drafting the online application, provided all the relevant information has been provided


ADGM: Typically the review time ranges between 3-5 working days, subject to the review process of the ADGM RA, which is beyond the control of KOUNTED

Supporting documents:


Instrument of lease termination. Note that the document must be executed.

 

Applicable Legislation:   

KOUNTED Fees:

Please add the KOUNTED fees

ADGM Fees:      

USD 100

Fine:                     

Not applicable


LINKED FILES: