<Today, Sunday, February 23, 2020, the Ministry of Housing will launch the unified rental contract for the commercial real estate sector, in cooperation with several government agencies, including the Ministry of Justice, Trade and Investment, in the presence of a number of ministers and officials from these agencies, after the completion of the optional period launched by the Ministry last year as a first phase. As of today, it will be mandatory for commercial sectors to document their rental contracts through the electronic network “Ejar”. (Ejar Contract)

40KRegistered Commercial Units

Ejar Network During the trial period, more than 40 thousand commercial units were registered in the program, while the number of rental units registered in the electronic network for rental services amounted to about 700 thousand registered units, which varied between commercial and residential. <The new lease contract includes includes the advantage of calculating the rental value through a percentage of profits rather than a fixed financial value The move comes after a number of commercial workers demanded it. as it is one of the commercial methods currently used in the market.

14K real estate brokerage establishments

<The number of real estate establishments "brokers" registered in the Ejar network reached about 14 thousand real estate establishments, pointing out that the network seeks to provide all the needs of real estate brokerage establishments, with the aim of facilitating their work, developing their services and upgrading them, raising their efficiency and enhancing their contribution to the local product, in addition to localizing work in the sector and creating new and appropriate job opportunities.
The Ministry of Housing represented in the "Ejar Program" has confirmed that the registration of rental units is still increasing,“ noting that this reflects the confidence of customers in the network and attracting them to benefit from its services.

Ministry of Housing represented in the ”Ejar Program” has confirmed that the registration of rental units continues to increase.

Containing all contracts Rental contracts

The Ejar network works to to contain all rental contracts in the Kingdom within the electronic network of rental services. In order to regulate the real estate rental sector and preserve the rights of all parties to the rental process, in addition to The unified contract for the commercial real estate sector includes a number of additional advantages over the The unified contract for the commercial real estate sector includes a number of additional advantages over the residential contract such as sub-letting and changing the commercial register or activity after updating the data in the system. system.

Documenting rent from the Ministry of Justice

<The program enables individual citizens, commercial establishments or associations that have a commercial register to document standardized electronic leases, approved by the Ministry of Justice, throughout the Kingdom through the services provided by approved real estate brokerage establishments. It is known that the "Ejar" program has effectively contributed to the reduction of rent default cases, because the network includes a unified contract that is an executive document, which narrows the opportunity for procrastinators to fulfill their financial obligations.

The program enables individuals, citizens, commercial establishments or associations with a commercial record to document a unified electronic contract, approved by the Ministry of Justice, throughout the Kingdom through the services of approved real estate brokerage facilities.

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