Ejar has confirmed the continuation of rental contracts without being affected by the transfer of property ownership, within an integrated digital system that aims to simplify procedures and preserve the rights of all parties. These clarifications come within the framework of developing e-services that contribute to stabilizing the contractual relationship and minimizing disputes through organized and reliable digital solutions.
These clarifications come within the framework of developing e-services that contribute to stabilizing the contractual relationship and minimizing disputes. «Ejar» network clarified that the transfer of ownership of the property to a new owner does not lead to the cancellation of valid rental contracts, as the new owner can benefit from the service of changing the lessor through an accredited real estate broker, so that all active and registered contracts are transferred electronically automatically, without the need to terminate or re-sign the existing contract.
Promoting transparency in the real estate sector
The network indicated that this service comes within its continuous efforts to enhance clarity and transparency in the real estate sector, and ensure the continuity of contractual obligations between landlord and tenant, while reducing the traditional procedures associated with updating ownership data. The digital system contributes to maintaining the status of contracts and automatically following them upon ownership transfer, supporting the stability of the rental relationship and preventing any legal confusion.
Real Estate. In the context of developing services, Ejar pointed out that the service of requesting the amendment of the rental value when renewing the contract is an organizational addition that aims to raise the level of clarity between the parties to the contractual relationship, by moving the process of negotiating the rental value to an official and documented electronic platform.
The digital system contributes to the stability of the rental relationship. <The service allows the lessor to submit a request to modify the rental value - whether by increasing or decreasing - for the next contract period, provided that the request is submitted at least 90 days before the expiration date of the current contract. The tenant will receive an electronic notification through the system that enables them to accept or reject the request. If the tenant agrees, the contract will be automatically renewed at the new agreed value, while rejecting the request will stop the automatic renewal, which is considered a notice of unwillingness to renew the contract. The network confirmed that the application of the service in Riyadh is currently limited to enabling the lessor to submit a request to reduce the rental value only, in compliance with the decision to stop the annual increase in rents, reflecting the platform's compliance with the laws and regulations governing the real estate market.
These measures are part of Ejar's efforts to support the digital transformation in the management of real estate contracts by providing electronic tools that facilitate the follow-up and updating of contracts in an official and documented manner, preserving the rights of landlords and tenants, reducing legal and administrative disputes, and enhancing the stability of the real estate market in the Kingdom.
These measures are part of Ejar's endeavors to support the digital transformation in the management of real estate contracts.
