Termination of the investment contract and handing-over the property

Estimated Time:

21 working days

Location:

Awqaf Properties Development Department.

Estimated Fee:

None

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

Conditions for obtaining service

  • In the event of contract termination, the investor shall not be entitled to claim any damages, expenses or costs incurred as a result of the signed investment contract under the terms of the contract.
  • The land plot / property shall be handed-over free from any material or personal occupants.

Notes

In case the contract termination request is due impossibility to license the project within one year from the date of signing the contract for a reason due to the public and competent authorities, the investor shall have the right to request the termination of the contract without any legal or material liability; provided that the latter provides the department with official documents proving that. Otherwise, the department is entitled to claim damages, in presence of a legal cause. The department shall not be held liable in case the project cannot be licensed.

Partner institutions:

None

Procedures

  • Submit a written request to terminate the contract which includes the consent of all partners or authorized signatories in the investment contract, in case the investor was a company.
  • The Investment section shall study the request in terms of due procedures, and recommend to the Awqaf Council to approve the termination.
  • In case of approval, the investor shall produce a quittance from public utility companies, and all the services resulting from the property until the date of approval.
  • The investor shall pay all previous dues and fees on the property in the Finance Department until the date of termination.
  • The termination agreement shall be signed between all parties; handing over the investor a copy thereof.
  • Provide the investor with a quittance for all wages and dues incurred up to the date of termination.

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.

Files

No Found Files

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