The Ministry of Housing has announced that it has established a set of requirements for real estate brokers to register in the “Ejar,” which the Ministry launched to provide integrated solutions for the real estate rental sector, regulate relationships, and protect the rights of tenants, landlords, and real estate brokers. The requirements stipulate that the real estate broker must be a Saudi national, and that the business must hold a valid commercial registration that includes the activities of “management and leasing of owned or leased residential properties” and ”management and leasing of owned or leased non-residential real estate.” The requirements also stipulated that the business’s registered address must be listed in the National Address Service, in addition to completing the online training course for real estate brokers before beginning the process of concluding lease agreements, as well as complying with real estate agency regulations.
Abdulrahman bin Muhammad Al-Samari, a representative of the “Ejar” network, revealed during the introductory meeting for the online rental services network “Ejar,” held yesterday at the Jeddah Chamber of Commerce headquarters in the presence of a group of real estate professionals and stakeholders, that this network will provide tenants with a concise record, linking lease agreements to an electronic payment system so that tenants can make payments through it, It also offers various payment options, including monthly, quarterly, semi-annual, and annual payments, while allowing the contract to link electricity bills to the tenant’s name until the end of the lease term.
Al-Samari highlighted the “Ijar” program’s ability to ensure a balance between supply and demand, thereby guaranteeing the sustainability, development, and regulation of the real estate rental sector in accordance with the values of transparency, trust, and impartiality, noting a number of the program’s advantages, foremost among which are improving the performance of the real estate rental sector and increasing its contribution to GDP, as well as reducing the number of disputes related to the real estate rental sector, as well as creating a better balance between supply and demand, which leads to fair prices for rental properties, in addition to strengthening the foundations of trust in the Kingdom’s rental sector and regulating the work of real estate brokers, thereby contributing to the creation of job opportunities for citizens.
