I, NAME , hereafter referred to as “applicant(s)”, have requested to apply for a residential mortgage conversion from a participating lender utilizing the Ijara™ Lease to Own program, a Sharia Compliant transaction.

Applicant(s) acknowledges and agrees to the following:
1. The monthly administration fee for Ijara™ transaction is $20 (monthly) is added to your monthly payment.

2. There is a one-time Sharia Structuring fee which is non-refundable once the Conversion package has been sent out.

3. You must have a checking account or savings account that can be utilized by the Trust (before closing is scheduled) that can be electronically debited on a monthly basis via EFT transaction 15 days prior to your due date.

4. The (new account) Trust Account can only be used specifically for utilization of monthly rent payments. For instances that the Investor will request for additional information, we will only be able to provide the (new account) Trust Account information as well as the voided cheques.

By signing below, the applicant acknowledges receipt of a copy of this signed Agreement.