The new system will replace the existing system and its Executive Regulations. The new system and its executive regulations will replace the "State Lease and Evacuation of Real Estate“ system and its executive regulations, and will target ministries, public bodies and institutions and the like, in addition to the owner of the property or whoever has the right to lease it legally.
The new system and its executive regulations will replace the ”State Lease and Evacuation of Real Estate" system and its executive regulations. The system and its executive regulations aim to regulate the process of state leasing of real estate through government agencies according to their needs, rationalize the financial costs of leasing, develop the utilization of leased real estate by government agencies, promote the principles of governance, establish the principles of transparency and efficiency in government leasing of real estate, as well as unify the supervisory body represented by the Authority."
The system and its executive regulations aim to regulate the process of leasing real estate through government agencies according to their needs, as well as rationalize the financial costs of leasing. The State Real Estate Leasing System and its executive regulations will have many positive effects on the investment sector in the real estate market, which will increase the contribution of the real estate sector to the Kingdom's GDP.
The State Real Estate Leasing System and its executive regulations will have many positive effects on the investment sector in the real estate market, which will increase the contribution of the real estate sector to the Kingdom's GDP. <The <a style="color: #993300;" href="https://amlak.net.The Law and its Executive Regulations allows flexibility in determining the duration of lease contracts, which can be up to 5 years renewable, up to 25 years subject to the approval of the Authority, up to 50 years for properties built on government lands for which the Authority contracts with investors for investment projects, in addition to allowing one property to be leased to a number of government entities, as well as allowing the contract to be completed by the lease-to-own method after obtaining the approval of both the Authority and the Ministry of Finance.
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