Media ININ Economy We Trust
MediaIn / Riyadh 1 July 2018
The Saudi Ministry of Housing’s “Rent” program has launched a fast registration service that allows registration and registration of rental contract data for up to eight minutes through the ejar.sa portal, including handling exceptional cases such as those with no account on the ” “In addition to other advantages, including the use of connectivity services with government agencies to facilitate the process of data entry. “Rent” is an advanced electronic network that provides integrated solutions for the residential and commercial leasing sector in the near future and regulates the relationship between all parties to the leasing process (leasing, tenant, real estate broker) by documenting the contracts and preserving the rights of all parties involved. The program aims to be the main driver to develop and increase confidence in the rental sector, improve the investment environment in it to ensure its sustainability and development, as well as the rehabilitation and development of real estate brokerage facilities. The program aims to regulate the relationship by adopting the unified contract which is an executive bond, In the Ministry of Justice related to the rental sector through the establishment of a legal framework regulating the relationship between the different parties, and will contribute to this mechanism to support the national economy through the regulation of the residential and commercial rental market and improve the performance of the rental sector and raise its contribution to the GDP. The “Rent” program has already launched the Communications Service on the violations of real estate brokerage facilities through the application of “real estate brokers”. The application allows citizens and residents of tenants or owners to submit communications and send them to the supervision and supervision team in the program “rent”.
