Manager’s cheques are used to pay a great range of things when purchasing real estate in the UAE. When you buy a property right from a developer, the check is issued in the name of the company and handed over to the developer. The cheque is also used to pay the 4% fee to the Dubai Land Department, title deed fees or Real Estate Registration Trustee fees.
Meanwhile, when you purchase real estate from an individual, the cheque is issued in the name of the seller. Cheques like these are highly popular among people who are looking to buy and sell properties on the second market.
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Based on your availability, bank performance, and other factors, we notify you on when your cheque is issued. This takes from one to three days. We will agree on the cost of our services and discuss exchange checks. It depends on the amount of funds, the recipient and the purpose of the check.
We take an advance payment of 5% of the check amount to cover the cost guarantee. This payment secures the cheque collection upon issuing. When it’s ready, we send it over to you. After that, you ought to make the last payment for the remaining amount.
We deliver the cheque to your address. We also transfer it to a recipient or to you personally.
It all relies on the circumstances on your end and specific tasks. When the cheque is delivered to the buyer, we always get documentary evidence of the cheque’s transfer. Next, we send you a photo of the document as a confirmation of the obligations’ fulfillment.
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