Printer Friendly

E-rent network launched to organize Saudi real estate sector.

Real estate brokers across Saudi Arabia must document a unified rent contract in the e-ejar network. (SPA) RIYADH: An electronic rent project has been launched to facilitate electronic payments and minimize disputes, the Saudi Press Agency reported. According to the project, launched jointly by the ministries of housing and justice, real estate brokers across the Kingdom must document a unified rent contract in the e-ejar network as an approved contract and an executive document. The launch of the network represents plans to facilitate a rent process between tenants, landlords and real estate brokers that will minimize disputes and find a quick solution to such conflicts, Housing Minister Majid Al-Hogail said. He said all parties of the rent contract across the Kingdom can use the network's electronic services at the nearest approved real estate brokerage office. Research for brokers can be accessed through the "real estate brokers" application. Minister of Justice Waleed Al-Samaani said the unified rent contract will have a positive impact on the judicial sector as it will greatly minimize the flow of cases related to the rent sector. He said the contract is meant to streamline relations and responsibility limits between the contractual parties through its authentication via the electronic network. The new initiative is being worked out in cooperation with other government agencies including the ministries of interior and communications. Minister of Communication and Information Technology Abdullah Al-Suwaha praised the partnership between different government parties for launching the electronic rent program. He referred to the automation of procedures for more than 2.5 million housing units through the exchange of government information to provide rent services accurately, quickly and safely.

Copyright: Arab News [c] 2018 All rights reserved. Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2018 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Arab News (Jeddah, Saudi Arabia)
Date:Feb 13, 2018
Previous Article:US patent for King Saud University invention in information security.
Next Article:Why the oil market is looking robust.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters