Amlak real estate newspaper continues to publish the details of New State Property Disposal Regulation approved by the Board of Directors of the General Authority for State Property and approved by the Council of Ministers, and its texts:
Article Ten:
1- The leased state property shall be handed over to the lessee according to a report in which the condition of the property and its contents are documented in detail, and the report shall be signed by the Authority and the lessee, and a certified cadastral elevation of the property shall be attached to the report.
2- The handover of the leased state property to the lessee. <2- Handing over the leased state property to the Authority upon vacating it shall be in accordance with a report stating its condition and damages caused by misuse, and the report shall be signed by the Authority and the lessee. If the tenant objects to the content of the report, he may write a reasoned reservation in the report and sign it.
.
Article Twelve: Direct Leasing of State Real Estate
Article XII The Authority may lease state properties directly after estimating their rent by the estimation committee stipulated in Article (Fifty-three) of the Regulations and after announcing their lease in a public auction for two times - in accordance with the provisions of the Regulations - and without any investor applying in both times, provided that the direct lease is within (two months) from the date specified for receiving the lease offers for the second time.
Direct leasing.
Article Thirteen:
The Authority may lease certain state properties for temporary purposes, as follows:
1- Leasing on a daily or monthly basis for the purpose of holding an event or organizing an event.
2- Leasing to project implementers for a period not exceeding (three) years, extendable according to the need of the project.
3- Leasing properties whose deeds have been canceled to the owner of the property for a period not exceeding (one year), which may be extended for another period or periods not exceeding a total of (five) years, until the Council's decision on the final treatment of how to dispose of them.
.
Article Fifteen:
It is not permissible in the following circumstances to dispose of state real estate by leasing without obtaining the approval of the Council:
1- If the lease period exceeds (ten) years.
2- If there are special considerations surrounding the property.
Chapter IV: Investment
Article Seventeen:
1- In order to achieve the objectives entrusted to it, the Authority may, by itself or through a company it establishes, enter into partnerships with third parties after the approval of the Board, including the following forms:
a. Partnership agreements (or establishing a company) with an investor in which the state real estate is the value of the Authority's contribution in exchange for a financial contribution from the investor.
B- Establishing a company with a contribution from the Authority and third parties and granting this company the right to invest or develop the state's real estate.
C- Contributing to the capital of an existing company in exchange for a share of the investment or development profits in which the state property is the value of the contribution made by the Authority.
D- Investing state real estate through investment funds.
2- For the Authority to conclude contracts for the development of state real estate on the basis of the build-operate-transfer contract model.
