LEASE AMENDMENT (CO-WORKING)

LEASE AMENDMENT (CO-WORKING)

The service aims to facilitate clients' request to change their lease records as per their business requirements (facility expansion/downsize) subject to RAKEZ rules and regulations.

Service Delivery Channel

Customer Journey

  • Submit request

    Log in to the RAKEZ Portal and submit your service request to amend your lease (downgrade/upgrade). Upload the required documents

  • RAKEZ review

    The leasing team will review your request and documents. If complete, they'll approve it.

  • Internal Processing

    The request moves to internal teams (e.g., IT) for system updates and verification.

  • Invoice Issuance

    RAKEZ Finance will issue the amendment fee invoice.

  • Payment

    Pay the invoice using available channels.

  • Agreement Preparation

    After payment, RAKEZ will send the updated lease agreement for your signature.

  • Upload Signed Agreement

    Upload the signed agreement to your service request.

  • Process Complete

    Once verified, the amendment is finalized.

Outcome

  • Co-working Agreement

Service Fee

Services Fee
Downgrade AED 1,000
(downsize fee) + other outstanding and fines if applicable
Upgrade Difference price between new and existing facility
+ other outstanding and fines if applicable

Service Timelines

Service Type Timeline
Downgrade 1-2 working days from SR submission
Upgrade 1-2 working days from SR submission

Required Documents

1

Application form duly completed and signed by the owner or shareholder(s) or manager or authorized representative. (Available here)

2

Power of Attorney duly notarized or legalized up to the level of the UAE Embassy, if the request is submitted by an authorized representative.

start service

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