Newspaper Al-Marsad: The Board of Administrators of the Common True Estate Authority has issued the government regulation for the property registration process, in accordance to the terms of reference entrusted to it in accordance to the provisions of the process, which problems the documentation of land and authentic estate .
The Basic True Estate Authority will have jurisdiction and supervision of the process This helps to increase the efficiency and overall flexibility of registration processes in the procedure in collaboration with the applicable government agencies, as the system performs to enhance the transparency and accountability of the business and lessen real estate disputes.
The probationary concession of the complete possession of the residence is one of the most significant capabilities provided by the program, which in flip contributes to the provider of the general public curiosity and of the house owners of all segments, as the system clarifies the techniques for the disposal of homes explained on the map, registration expenses, penalties and controls for carrying out investigative function connected to the registration of houses.
The Cabinet experienced recently approved the actual estate registration method, which will apply to all genuine estate in the Kingdom, offered that the actual estate documentation programs in location prior to the entry into pressure of the true estate registration procedure on actual estate that does not are situated in the property parts declared in accordance with the provisions of the program.
The govt regulation can be viewed by visiting the authority’s website via Connection.
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