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Saudi property rental system to launch soon

Rollout aimed at curbing payment default

Saudi property rental system to launch soon
The new system is intended to regulate the relationship between tenants and landlords.

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" (meaning "rent"), 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 and 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 landlords to post rent advertisements and upload pictures of available properties. Seven government authorities have been named as taking part in the new scheme.

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