“Ejar” also announced the exemption of residential rental contracts from the financial compensation for documenting them in the electronic network for rental services until the end of 2018, calling on the parties to the rental process to take advantage of this exemption, which aims to motivate and encourage them to document existing and new rental contracts and benefit from the services and benefits of the network.
The program emphasized that all contracts after this date are mandatory to register in the electronic network for rental services, and any violations will result in the application of penalties stipulated in the regulation. The program pointed out that since its launch, the Ejar electronic network has witnessed a demand for electronic registration and documentation of contracts up to 800 contracts per day, while the number of real estate brokerage offices registered in the system has reached more than 9 thousand accredited offices in various regions of the Kingdom, and that these numbers are constantly increasing.
<The program indicated that the network allows retroactive documentation of old and existing contracts outside the network in easy and easy steps within a period not exceeding eight minutes through the nearest accredited real estate broker, and beneficiaries can identify the nearest accredited real estate broker by using the real estate brokers application for smart devices, adding that the electronic network for rental services The network offers many advantages and services that will facilitate the rental process and facilitate its procedures and organize the real estate rental sector, and is continuously developed as the network has activated during the past days the service of various rental payments, including monthly and quarterly, and more than 20% of new contracts benefited from the service of monthly payments of the rental contract.
