Crown Prince Extends Study Period to 90 Days
Crown Prince and Prime Minister Mohammed bin Salman has issued a directive extending the period of study aimed at regulating the landlord-tenant relationship to 90 days.
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Key Aspects of the Directive
- Fairness in Transactions: The study will consider all relevant parties to ensure fairness in rental transactions and protect beneficiaries from market fluctuations.
- Investment Environment: The directive aims to maintain an attractive and stimulating investment environment.
Background and Objectives
The directive follows submissions from the Real Estate General Authority and other relevant authorities regarding necessary measures to regulate landlord-tenant relationships.
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It seeks to ensure comprehensive regulatory solutions across all residential, commercial, and office assets while balancing the interests of all parties in the real estate sector.
The Crown Prince’s directive underscores the leadership’s commitment to transparency in government operations, as reported by the Saudi Press Agency.
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