Font Size

- Aa +

Mon 25 Nov 2013 11:13 AM

Font Size

- Aa +

Saudi rental system goes online

Move will make it easier to track tenants who default on their rent payments and allow landlords to obtain information about the credit history of prospective tenants

Saudi rental system goes online
Villa, rent, home for sale, real estate, property

A new system aiming to make it easier to track down
rent defaulters and register rental agreements online will come into effect in
Saudi Arabia in two months, it was reported. Housing Minister Shwaish Al
Dhwaihi said the system, dubbed “Ejar”, will regulate the relationship between
tenants and landlords, protecting their rights.

“This is an electronic platform consisting of
myriad services such as unified lease agreements, e-payment,” he was quoting as saying by
the Saudi Gazette newspaper.

The system will make it easier to track tenants who default on their
rent payments and allow all real estate offices
to obtain information about the credit history of prospective tenants.

Landlords will also be able to track rent payments
and notify tenants of payment dates, while tenants can access the website to
search through a variety of properties available for rent as well as pay rent
every month online. A website will be launched for the system to allow the
landlord to post rent advertisements and upload pictures of available
properties. Seven government authorities have been named as taking part in
the new scheme.

For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Visitor 5 years ago

rubbish.. No information about tenants rights in this system. It's clear to make more problems for tenants.