The General Real Estate Authority announced The General Real Estate Authority announced updates and additional services included in “Ejar,” which included “flexible terms” for lease agreements ranging from one day to more than 30 years, in addition to the “Contract Transfer” service, which enables the tenant to transfer the remaining term of a residential lease to another tenant without having to terminate the existing contract and register a new one.
Notarization of Lease Contracts
The Real Estate Authority clarified the possibility of notarizing both commercial and residential lease contracts with flexible terms, while ensuring that residential or commercial contracts retain most of the privileges of contracts notarized on the electronic network for rental services, It also highlighted the possibility of utilizing the “contract approval” service, allowing all parties to the lease to view the status of the request, as well as taking all necessary steps between the primary tenant, the landlord, and the new tenant within “Ejar” platform.
Ejar platform services
The Authority emphasized that the value-added services provided by Ejar contribute to raising the level of reliability in real estate transactions in the Kingdom of Saudi Arabia, as “Ejar” has provided stakeholders in the real estate rental sector (tenants, landlords, and real estate brokers) a high level of transparency in real estate transactions, including: verification of documents and deeds, and contract party data, in integration with partner government agencies; dealing with a real estate broker licensed by the General Real Estate Authority; documenting contracts via digital channels and having them certified by the Ministry of Justice, the Rental Index, and using electronic payment channels such as “Mada,” ”Saddad,” and ”Apple Pay” to document and verify financial payments, and integration with real estate platforms, which simplifies the rental process, protects the rights of the parties before and during the rental process, and contributes to improving the investment environment.
Contract Signing Service
Regarding the ”Contract Approval” service, it was clarified that the parties to the lease agreement (the landlord, and the new tenant) must assume responsibility for the information related to this contract and verify its accuracy. The service requires a declaration confirming the accuracy of the information contained in the contract, reviewing the details of the lease contract to be notarized and all its terms, and agreeing to abide by them, and acknowledging that the fee for documenting the lease contract after completing the contract approval procedures, with the consent of all parties, is non-refundable.
The Real Estate Authority has launched numerous services and improvements for “Ejar,” including diversifying electronic payment channels, adding a rental behavior service, securing the security deposit, recording the contractual status, a handover service for rental units via the Ejar platform, linking water bills to lease agreements, and launching the rental index, which allows users to view rental rates for residential and commercial units, and other services and improvements, in addition to developing network services such as contract documentation and renewal, payment flexibility, registration of real estate brokerage firms, contract management, and more.
