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Ali Shihab – Dammam
The real estate experts have enumerated 6 advantages of the decision of the Council of Ministers to consider the tenant of government agencies as owner of long-term real estate investment contracts registered in the portal "rent ".
The Cabinet approved the recommendation of the Council for Economic Affairs and Development that the tenant in the leases registered in the online rental service will have the title of owner in the disposition of the property within the limits of the rights and Contract obligations, To obtain the Tenant of the owner's agency to obtain a license from the official authorities to dispose of the property in the contract as long as the provision of the right of the tenant as provided in the contract.
Investment Support
Adel Al-Maddouh This decision regulates the relationship between the landlord and the tenant and regulates the investment in the rental sector real estate, which supports vision plans to support domestic and foreign investment, pointing out that there are significant benefits for other investors in different sectors.
Dispute Mitigation
The former chairman of the real estate committee talked about Al-Sharqiyah Khalid Barsheed's chambers as dealing with the tenant as owner of the property throughout the The contractual period is essential to support investment in various economic sectors, underlining that disinterest in this area led to disputes in the courts and could be resolved.
Bridging the Gaps
The Minister of Finance Real estate, Abdullah Shihab, confirmed that the decision was aimed at regulating the relationship between the tenant and the tenant, And the government agencies He pointed out that the tenant deals in the past with written contracts, especially with respect to the lease of certain sites by the direct tenant of the government agencies, indicating that the entry into the door "in force" imposed on all l Government agencies and tenants Contracts will not be accepted after the entry into force of the unified lease, recalling that the decision of the Council of Ministers has filled the void in the electronic "rent" system, the not include a page as "investor" but deals directly between landlord and tenant, Landlord status for contract documentation The vice chair of the former East House Real Estate Committee Ali al-Jabali said that giving the tenant government properties as a homeowner is an important step in overcoming many problems during the last stage, adding that the process The benefit of government property requires the obtaining of licenses from various government agencies directly related to the investment, which requires the receipt of letters from the owners, which disrupts some transaction s, pointing out that the new mechanism helps to avoid these letters, which accelerates Procedures, pointing out that
1 Attract foreign investment in the Kingdom
2 Support the sectors of the economy that depend on
3 Limitation of Disputes between Owners and Tenants Occupying the Courts
4 Tenants' Access to Non-Homeowner Services
5 Encouragement of Long-Term Investments
6 Facilitation of Work Without Waiting for Address of the owners [19659018] (function (d, s, id) {
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