In an effort to achieve justice and preserve the financial rights of the parties to the rental relationship between the landlord and the tenant, Ejar Network launched the “Save Security Deposit” service as one of the financial governance tools, which contributes to raising the level of transparency and guaranteeing rights.

On its official page on X, Ejar Network revealed the details of the new service.

Ejar Network, through its official page on the “X” website, revealed the details of the new “security deposit” service, where the idea of the new service is based on saving the security deposit with a neutral party so that it is automatically returned to the tenant after the end of the agreed rental period and the delivery of the unit intact to its owner without any damage to it.

Ejar Network explained that if the landlord and tenant agree on a security deposit, it must be recorded in the terms of the contract to ensure the right of both parties, so that the amount is mandatorily saved when documenting the contract, and after the expiration of the period specified in the contract and the return of the unit without any damage, the amount is returned to the tenant again.

The Ejar Network's service contributes to saving the security deposit with a neutral party so that it is automatically returned to the tenant after the expiration of the agreed rental period. The service of saving the security deposit contributes to achieving the principle of justice and guaranteeing the rights between the lessor and the tenant, and thus will reduce financial disputes that may reach the judiciary, in addition to that this measure enhances the attractiveness of the real estate market within the cities of the Kingdom, especially since it will raise the level of trust between the lessor and the tenant.