Assignment of investment contracts

Estimated Time:

21 working days

Location:

Awqaf Properties Development Department.

Estimated Fee:

0.006 of the actual annual investment allowance.

1
  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Conditions for obtaining service

  • The investor and all partners agree to the assignment.
  • Payment of all previous wages and dues incurred on the property before signing the assignment agreement at the department’s headquarters, or its office in the competent Directorate of Endowments.
  • Presence of all parties (assignor, assignee and sponsor) to sign the assignment agreement.
  • A Jordanian sponsor if the assignee is a non-Jordanian.

Notes

None

Partner institutions:

None

Procedures

  • Submit a written request for assignment; signed by the parties (assignor and assignee).
  •  The rentals or investment division shall cross-examine the assignment request in terms of due procedures, and reconsider the annual investment allowance (should the department deems it necessary, and in the best interest of the endowment).
  • If approved, a recommendation is made to Awqaf Council to approve the assignment.
  • The rentals or investments division shall sign the assignment agreement between all parties.
  • The new investor shall be given a copy of the agreement.

Required Documents

  • Individuals:
  1. Civil Status ID for all parties.
  2. Passport for non-Jordanians.
  • Enterprises:
  1. Company’s registration certificate, a copy of the commercial registry, and a copy of the civil ID of the authorized signatory

Persons benefiting from the service

  • Investors of the Department.
  • Public & private enterprises, both natural and juridical persons.

Files

No Found Files

Was it useful?