Crown Prince Mohammed bin Salman
Crown Prince Mohammed bin Salman issued a directive to extend the study to regulate the relationship between landlords and tenants to a period not exceeding 90 days, and to complete all requirements to ensure a balance between the interests of all parties in the real estate sector.
This came based on what was submitted by the Real Estate General Authority (REGA) and relevant authorities regarding taking the necessary measures to regulate the relationship between landlords and tenants, and in an effort to complete the regulatory requirements for the proposed solutions and ensure their comprehensiveness across all residential, commercial, and office assets, according to the state-run news agency SPA.
The Crown Prince’s directive comes to ensure that this study takes into account all relevant parties, thus achieving fairness in rental transactions, protecting beneficiaries from any fluctuations, regardless of their source, and maintaining an attractive and motivating investment environment.
In March, the Crown Prince issued directives to take a number of measures to achieve balance in the real estate sector in Riyadh, which included taking the necessary regulatory measures within a period not exceeding 90 days to regulate the relationship between landlords and tenants to ensure a balance between the interests of all parties, according to data available with Argaam.
Crown Prince Mohammed bin Salman
Crown Prince Mohammed bin Salman issued a directive to extend the study to regulate the relationship between landlords and tenants to a period not exceeding 90 days, and to complete all requirements to ensure a balance between the interests of all parties in the real estate sector.
This came based on what was submitted by the Real Estate General Authority (REGA) and relevant authorities regarding taking the necessary measures to regulate the relationship between landlords and tenants, and in an effort to complete the regulatory requirements for the proposed solutions and ensure their comprehensiveness across all residential, commercial, and office assets, according to the state-run news agency SPA.
The Crown Prince’s directive comes to ensure that this study takes into account all relevant parties, thus achieving fairness in rental transactions, protecting beneficiaries from any fluctuations, regardless of their source, and maintaining an attractive and motivating investment environment.
In March, the Crown Prince issued directives to take a number of measures to achieve balance in the real estate sector in Riyadh, which included taking the necessary regulatory measures within a period not exceeding 90 days to regulate the relationship between landlords and tenants to ensure a balance between the interests of all parties, according to data available with Argaam.
