Saudi Arabia

Starting February 12, Rental Contracts Can Only Be Made Online

Saudi Arabia’s housing ministry will roll out on Feb. 12 its electronic Ejar system that seeks to regulate the rental market, protect owners and tenants’ rights, and control prices, Al-Eqtisadiah newspaper reported on Thursday, citing unnamed sources familiar with the matter.

The online rental network started one month ago with the trial registration of a residential lease contract, the sources added.

Ejar aims to document and monitor the relationship between the landlord and tenant by authenticating the lease and linking real estate offices in Saudi Arabia with Ejar, providing tenants’ information and their credit history, in terms of payment, delay and payment date.

The scheme allows the conclusion of leases online, using a standard contract, which serves as an executive instrument certified by the Ministry of Justice.

Source: Argaam