The contracts documented by the “Rental Program” of the Ministry of Housing reached more than one million rental contracts, ranging from residential to commercial ones. Moreover, the percentage of those benefiting from the monthly payment feature exceeded 31%. The program emphasized in a press statement that this increase in the number of documented contracts reflects the confidence of the parties involved in the rental process (landlord, tenant, and real estate agent), and their continued submission of their proposals and opinions, which added a great deal of development to the benefits and services of the online rental services network.
Reorganization of employment housing
The program pointed out that the services provided during the past period, especially during the Corona pandemic, were in line with the comprehensive national measures taken by the state, including the launch of the (Proof of Residence for Employment Workers) service within just 10 days, in order to help private sector establishments of all levels and classifications identify the locations of the private housing units belonging to their employees and their details, thereby contributing to the reorganization of the housing units of employees and strengthening the government's efforts to achieve an appropriate and healthy housing environment, in addition to the (Re-Signing of the Contract) service that allows the renewal of the terminated or nearing end rental contract. Completion, and the (Payment deferrals) service that allows requesting a deferral of the payment of a rental instalment, and the (Flexible payments) service that involves splitting the payment of the rental instalment into unequal amounts.
The launch of the (Solution Through Contract) campaign
Ejar noted that the (Solution by Contract) campaign he recently launched aims to raise awareness about electronic residential and commercial lease contracts by introducing the advantages and facilities offered by the electronic contract, in addition to the services available in the Ejar network that meet the needs of the parties involved in the rental process, including flexibility in payment and multiple channels, contract terms, renewal methods, the variety of obligations of the parties, the reliability of proving financial rights between the parties, and its adoption by the authorities that require the provision of a rental contract or proof of residence, and the electronic services package provided by the network, including electronic contracting, archiving, alerts and notifications, and other quality advantages.
New strategic partnerships
It is worth noting that the electronic network for rental services was officially launched on February 12, 2018 to achieve several objectives through which the Ministry of Housing seeks to regulate and sustain the real estate rental sector and ensure the rights of all parties involved in the rental process. This was materialized by the launch of the unified rental contract, which is treated as an implementing instrument, which reduces potential disputes, in addition to opening new horizons for new strategic partnerships that will regulate the real estate rental sector and preserve the rights of all parties, facilitate the rental process, achieve balance in the sector, and contribute to stimulating investment in it.
