For this purpose, the existing procedures as they have been established are as follows:

a. Direct telephone contact with the tenants who delay their payment.

b. Dispatch of a relevant letter within a month from the date that the rent should have been paid.

c. Information of the Management Committee for the tenants who delay the payment of their rents.

d. Oral agreement of the General Manager with the tenants who delay the payment of their rents.

e. In the event that all the above have no result, then an action is filed to the court.

For each case that a new lease agreement is prepared, the expert opinion of special consultants is requested in writing concerning the amount of market rents for the specific office/shop. Such document must be produced to the Management Committee in order to take a relevant decision.

For each case that a new lease agreement must be prepared, then such agreement is requested in writing to be prepared by our legal consultants.