A new executive regulation defines the mechanism for renting state properties and utilizing the surplus

Public Authority for State Properties - «Lease System» contracts»

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The draft executive regulations of the Leasing State Real Estate The right of the Public Authority for State Real Estate to stop the leasing process if the neighbors of the property to be leased by the government entity object before signing the contract and their reasons are valid, and the regulation set conditions when subleasing the leased property to third parties in order to serve the public interest.

11 ministries subject to the regulation

The Authority obligated 11 ministries to work under the executive regulations of the leasing system, including health, sports, commerce, trade, municipal and rural affairs and housing, justice, investment, education, education, energy, industry and mineral wealth, finance, and the Ministry of Foreign Affairs.

Leasing from government entities

The regulation authorizes the government entity wishing to rent to rent a property that meets its needs from another government entity by direct agreement in accordance with the provisions of the law.

Renting for foreign nationalities

Government entities may rent to foreign nationals in accordance with their labor contracts that stipulate that they may be housed.

Government entities may rent to foreign nationals in accordance with their labor contracts that stipulate they may be housed.

Study market prices when renting

The regulation also approved the study of market prices when leasing according to the prevailing prices, prices previously dealt with, price references adopted internally and externally, and any other criterion approved by the Authority, and the results of the study must include an upper limit for the expected total value of the lease, taking into account the availability of the necessary financial appropriation for the lease for the government entity.

Committees for direct agreement and bid opening

According to the regulation, one or more committees for direct agreement, one or more committees for opening bids, and one or more committees for examining bids shall be formed in the government entity.

According to the regulation.

Sub-leasing the leased property to third parties

The regulation allows the government entity to sublease the leased property to a third party, or assign it to another government entity after the approval of the Authority in accordance with 5 controls: The term of the lease should not exceed the term of the basic contract, the area to be leased or assigned should be in excess of the actual need of the government entity in a manner that does not conflict with its future need for the property, the value of the sublease contract should be equal to the value of the basic contract - in proportion and proportionality - if the contract is concluded with another government entity, the area to be leased should not exceed 25% of the property area, and the government entity should comply with the legal provisions and procedures used for leasing and investing state real estate.

The regulation grants the government entity to sublease the leased real estate to third parties or assign it to another government entity with the approval of the Authority, subject to 5 controls.

Stop the leasing process upon objection

The Authority has the right to stop the leasing process if the neighbors of the property to be leased by the government entity object before signing the contract and their reasons are valid.

The Authority has the right to stop the leasing process if the neighbors of the property to be leased by the government entity object before signing the contract and their reasons are valid

Two entities renting in one property

The regulation authorizes the Authority to offer two or more government entities to rent a single property, if this would rationalize the financial costs for the government entities and develop the utilization of the property to be rented without prejudice to the need of those entities for real estate and the nature of their work.

The regulation authorizes the Authority when it receives requests from government entities wishing to rent a property.