{"id":54053,"date":"2023-02-03T13:11:11","date_gmt":"2023-02-03T10:11:11","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=54053"},"modified":"2023-02-03T13:11:11","modified_gmt":"2023-02-03T10:11:11","slug":"%d8%a8%d8%af%d8%a1-%d8%aa%d8%b7%d8%a8%d9%8a%d9%82-%d9%86%d8%b8%d8%a7%d9%85-%d8%a7%d8%b3%d8%aa%d8%a6%d8%ac%d8%a7%d8%b1-%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a9-%d9%84%d9%84%d8%b9%d9%82%d8%a7%d8%b1-%d9%88","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/54053\/","title":{"rendered":"Implementation of the State Real Estate Leasing Law and its executive regulations"},"content":{"rendered":"

Announced Public Authority for State Properties<\/a><\/strong><\/span> Starting work The State Real Estate Leasing Law and its Executive Regulations<\/a><\/strong><\/span>This comes after Royal Decree No. M\/136 was issued on 12\/28\/1443 AH, approving the system and 180 days after its publication in the Umm Al-Qura Gazette, as well as the adoption of its executive regulations by the Authority's Board of Directors and their publication.<\/p>\n

The new system and its executive regulations will replace the \u201cState Lease and Evacuation of Real Estate\u201d 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.<\/p>\n

The system and its executive regulations aim to regulate the process of leasing real estate through government entities according to their needs, rationalize the financial costs of leasing, develop the utilization of leased real estate by government entities, promote the principles of governance, and establish the principles of transparency and efficiency in government leasing operations, in addition to unifying the supervisory body represented by the Authority.<\/p>\n

She noted that State-owned real estate leasing system<\/a><\/strong><\/span> 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.<\/p>\n

It allows Regulations and Executive Regulations<\/a><\/strong><\/span> Flexibility in determining the duration of lease contracts, which can be renewable for up to 5 years, 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 authorizing the completion of the contract through the lease-to-own method after obtaining the approval of both the Authority and the Ministry of Finance.<\/p>\n

Public Authority for State Properties<\/a><\/strong><\/span><\/p>\n

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